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YOC AG: YOC exceeds revenue forecast and improves EBITDA in Q1/2017

DGAP-News: YOC AG / Key word(s): Quarterly / Interim Statement/Development of Sales YOC AG: YOC exceeds revenue forecast and improves EBITDA in Q1/2017 30.05.2017 / 08:00 The issuer is solely responsible for the content of this announcement. YOC exceeds revenue forecast and improves EBITDA in Q1/2017

- Revenue increase higher than expected at 36 %

- Above-average growth of automated sales

- EBITDA at EUR -0.1 million (Q1/2016: EUR -0.4 million)

Berlin, 30 May 2017 - YOC AG (Frankfurt, Prime Standard, ISIN DE0005932735) achieved more than 36 % revenue growth to EUR 3.09 million in the first quarter of 2017 (Q1/2016: EUR 2.27 million), exceeding its own forecast. As a result, the revenue per employee rose disproportionately high by 47 % to kEUR 63 (Q1/2016: kEUR 43).

In particular the British subsidiary added to the positive business development in the first quarter of 2017 with doubled revenues, consistently maintaining the upward trend from the final quarter 2016. The German-speaking markets developed at a high level with a revenue increase of around 28 %. Business in the Spanish and Polish markets went as anticipated.

The stable growth of YOC Group is based on the dynamically growing proportion of automated sales via interacting trading systems in real-time (programmatic advertising), accounting for around one third of total revenues (Q1/2016: 12 %). In the current financial year, the company will introduce further innovative ad tech products to the market for its partners, in order to unlock the profitable potential of programmatic sales for them.

Sebastian Bauermann, Director Finance at YOC AG: "The EBITDA improving from EUR -0.4 million to EUR -0.1 million in the first quarter shows that the company is constantly increasing its profitability. The positive development of the EBITDA is due to the steady revenue growth, increased gross profit margin and consistent cost efficiency of the company."