EQS-News
YOC AG: YOC AG CLOSES THE FISCAL YEAR 2022 WITH REVENUE GROWTH OF 24% AND AN INCREASE IN PROFITABILITY BASED ON PROVISIONAL FIGURES
EQS-News: YOC AG / Key word(s): Preliminary Results/Development of Sales YOC AG CLOSES THE FISCAL YEAR 2022 WITH REVENUE GROWTH OF 24% AND AN INCREASE IN PROFITABILITY BASED ON PROVISIONAL FIGURES |
- VIS.X technology platform as a driver of corporate development
- Increase in revenue to EUR 23.4 million (2021: EUR 18.8 million)
- EBITDA of EUR 3.5 million (2021: EUR 2.8 million)
- Further dynamic growth and increase in profitability expected
Berlin, 06. February 2023 - Ad tech company YOC AG (Frankfurt, Prime Standard, ISIN: DE 0005932735) increased revenues at group level in the financial year 2022 by around 24% year-on-year to an expected EUR 23.4 million (2021: EUR 18.8 million), according to preliminary IFRS figures.
All markets in which YOC Group operates recorded a significant increase in revenues compared to the same period of the previous year. Parallel to the increase in the company's transaction volume, which is now handled entirely via the company's own VIS.X technology platform, the cost structure developed disproportionately low in relation to sales revenues.
The operating result before interest, taxes, depreciation, and amortization (EBITDA)* thus improved to an estimated EUR 3.5 million (2021: EUR 2.8 million).
As a result, the consolidated net profit increased to approximately EUR 2.3 million (2021: EUR 2.1 million). In the 2021 financial year, a non-operational one-off effect of EUR 0.2 million made a positive contribution to the consolidated profit for the period. Adjusted for this prior-year effect, the company increased its profitability by 21%.
Sebastian Bauermann, CFO of YOC AG: "The investments in our VIS.X platform are becoming increasingly noticeable in scaling our business model. After revenue growth of more than 20% in each of the past two financial years 2021 and 2022, we expect continued high growth momentum after a successful start to the financial year 2023 so far."