checkAd

    DGAP-Adhoc  427  0 Kommentare YOC AG: Preliminary figures for financial year 2013 / Positive restructuring impact seen / Sustainable rise in earnings expected in 2014


    YOC AG / Key word(s): Preliminary Results

    16.04.2014 15:58

    Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
    by DGAP - a company of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    ---------------------------------------------------------------------------

    YOC AG (ISIN DE0005932735) has reported preliminary consolidated sales of
    EUR 25.8 million under IFRS accounting (2012: EUR 34.6 million). The
    decline in sales mainly reflected the divestment of the Mobile Technology
    business unit, whose sales were de-consolidated in July 2013. EBITDA came
    to EUR -4.5 million (previous year: EUR -4.8 million).

    Sales in the Media segment totalled EUR 19.0 million for 2013, coming after
    EUR 21.7 million in the previous year. This unexpected development going
    against the market trend reflected variances in international market
    performance. Sales in the domestic market, Germany, were unchanged
    year-on-year at EUR 9.1 million (2012: EUR 9.1 million). Sales rose in
    Spain and Austria versus the previous year. The French and UK markets
    however declined. In the UK, the company did not respond adequately to the
    rapidly changing market environment.

    For Q4/2013 YOC AG reported improved figures for the Media business. Sales
    came to EUR 5.3 million (2012: EUR 6.1 million). Compared against the same
    quarter last year, EBITDA was positive at EUR 0.1 million (Q4/2012: EUR
    -0.9 million). The operating result was affected by restructuring gains of
    EUR 0.6 million. Compared against the preceding quarters in financial year
    2013 YOC AG has thus recorded rising earnings (average EBITDA for Q1-Q3
    2013: EUR -1.8 million per quarter).

    The restructuring driven forward by YOC AG CEO Dirk Kraus since his
    appointment on 10 September 2013 has yielded positive initial results in
    that very same quarter, and its further execution is of top priority.
    Efforts focus on product development for strategic company growth,
    sustained cost reductions and the resolution of distribution problems in
    international markets. YOC efforts to develop innovative technologies and
    products centre on programmatic selling of media and precision audience
    targeting of mobile internet users.
    The Management Board expects earnings to significantly improve this
    financial year as a result of the restructuring.

    The 2013 annual report with the final figures for Q4 2013 and the full 2013
    financial year will be published at a later date.


    Contact person:

    YOC AG
    Martina Serwene
    Investor Relations
    Rosenstr. 17
    10178 Berlin
    Tel.: +49-30-726162-322
    Fax: +49-30-726162-222
    ir@yoc.de


    16.04.2014 DGAP's Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

    ---------------------------------------------------------------------------

    Language: English
    Company: YOC AG
    Rosenstr. 17
    10178 Berlin
    Germany
    Phone: +49 (0)30-72 61 62 322
    Fax: +49 (0)30-72 61 62 222
    E-mail: martina.serwene@yoc.com
    Internet: www.yoc.com
    ISIN: DE0005932735
    WKN: 593273
    Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
    in Berlin, Düsseldorf, München, Stuttgart

    End of Announcement DGAP News-Service

    ---------------------------------------------------------------------------



    Diskutieren Sie über die enthaltenen Werte


    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    DGAP-Adhoc YOC AG: Preliminary figures for financial year 2013 / Positive restructuring impact seen / Sustainable rise in earnings expected in 2014 YOC AG / Key word(s): Preliminary Results 16.04.2014 15:58 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. …