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.
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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
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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
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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
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