Corporate | 31 July 2006 07:30
YOC AG – successful first half year 2006
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The issuer is solely responsible for the content of this announcement.
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CORPORATE NEWS
YOC AG – successful first half year 2006
· YOC with noticeable growth in turnover and profit
· Above average development in Germany and Great Britain
· Successful initial public offering
Berlin/Frankfurt, 31 July 2006 – YOC AG (YOC /ISIN DE0005932735), one of
the leading service providers in the field of mobile marketing in Europe,
announces today its half year results for the first time since going public
on 2 June 2006. YOC has, once again, considerably increased turnover and
operating profits in the current reporting period.
With 50 employees, YOC almost doubled its turnover from 2.4 million Euros
to 4.7 million Euros in the first half of fiscal year 2006, compared with
the first half of fiscal year 2005. This represents a growth rate of 97.3%.
The mobile marketing business area, in particular, has shown a significant
growth in turnover of 92.5% reaching 3.9 million Euros (first half year
2005: 2.0 million Euros).
Reflected by positive developments of incoming orders, YOC increased
turnover in Germany by 135.2% to 3.7 million Euros (first half year 2005:
1.6 million Euros). Internationally, business has developed positively,
above all in Great Britain. Turnover has doubled here from 0.4 to 0.8
million Euros.
Operating profits (EBIT) rose in the period of comparison by 101.6% to
approx. 0.87 million Euros (first half year 2005: 0.43 million Euros).
In spite of difficult market conditions, YOC AG went public on 2 June 2006
on Germany’s Entry Standard at Frankfurt stock exchange, thereby being the
first provider for mobile marketing in Germany to take this step. The share
issue price was settled at 18.00 Euros, the closing
price on 27 July 2006 was 19.05 Euros; this represents an increase of
5.8% compared with the issue price.
One-off costs amounting to 1.1 million Euros were incurred by the
preparation and realisation of the IPO. After subtracting these one-off
costs, which are not to be apportioned to usual business activities, the
profit and loss statement shows company profit amounting to -0.2 million
Euros for the first half of 2006. However, the company profit, without the
one-off costs for the IPO, shows an increase of 164.1% to approx.
0.9 million Euros (first half of 2006: just over 0.4 million Euros).
Dirk Kraus, YOC AG’s CEO, commenting on the course of the first half of
2006: ‘Business has developed positively. In the second quarter and in the
first half of 2006, we have expanded growth by building up important
existing customers and by acquiring well-known new customers on a national
and international level. Apart from the increasing tendency to shift
classical advertising budgets to digital forms of marketing, this business
development shows, above all, our company’s ability to establish itself,
also internationally, in the market as the leading provider of innovative
mobile marketing solutions based on the most modern technologies. Thus,
mobile portals developed by YOC have contributed considerably to the
company’s growth.”
Important operational events
YOC won the first large mobile marketing project in Spain with Masterfoods
Espana. In Great Britain, YOC realised two large projects
for Coca-Cola UK in the first half of 2006 – including YOC’s largest
involvement with the soft drink manufacturer in the English market.
The collaboration with the long-standing customer Johnson & Johnson was
further expanded: the realisation of a mobile portal for bebe Young Care on
the mobile phone is already the eighth project with the manufacturer since
beginning of YOC’s relationship to Johnson & Johnson in 2002.
For the car manufacturer Ford, an innovative project for marketing the
model ‘S-Max“ was also realised in the form of a mobile portal.
Additionally, YOC conducted campaigns for the manufacturers NIKE, Coca-Cola
UK, Lorenz Snack-World and tesa, using football to emotionally charge the
brands and to increase sales. Additionally, YOC successfully started the
acquisition of important new customers in the first half of 2006, for its
own affiliate marketing network ‘belboon“.
Capital Increase and Initial Public Offering
With the IPO on 2 June 2006 and with the resulting increase in capital, YOC
has strengthened its equity for anticipated additional company expansion
and for investments furthering the business’s internationalisation. Net
current assets have have been increased, mainly through the IPO, in the
first half year 2006 from 0.8 million Euros by 9.7 million Euros to 10.5
million Euros compared with the end of year figures at 31 December 2005.
Common stock has increased through the IPO by 0.575 million Euros to
1.75 million Euros. The company’s equity capital has improved by 848.2%. It
rose in comparison to 31 December 2005 from 1.2 million Euros by
+10.1 million Euros to 11.3 million Euros.
Key Financial Data First Half Year 2006
– Turnover: Increase of 97.3% to 4.7 million Euros with 50 employees
(first half year 2005: 2.4 million Euros/30 employees)
– Turnover Germany: Increase of 135.2% to 3.7 million Euros (first half
year 2005: 1.6 million Euros)
– Turnover Great Britain: Doubled to 0.8 million Euros (first half year
2005: 0.4 million Euros)
– Operating profits (EBIT): Improvement of 101.6% to 0.87 million Euros
(first half year 2005: 0.43 million Euros)
– Company profits (without one-off costs for the IPO): Increase of 164.1%
to approx. 0.9 million Euros (first half year 2006:
0.34 million Euros)
– Company profit (including one-off IPO costs amounting to
1.1 million Euros): -0.2 million Euros (first half year 2005:
0.34 million Euros)
– Net current assets: Raised by 9.7 million Euros to 10.5 million Euros
(31 December 2005: 0.8 million Euros)
– Equity: Capital Increase of 848.2% to 11.3 million Euros (31 December
2005: 1.2 million Euros)
About the company: www.yoc.uk
Download the release at: www.yoc.uk/press
Company profile:
YOC AG operates as a service provider in Europe, in the field of
advertising and sales through mobile phones and the Internet in the product
areas mobile marketing, mobile B2C services and affiliate marketing. In
this function, YOC primarily offers solutions for well-known brands in the
consumer industry, retail, media and publishing, the service sector and the
car industry. YOC AG has representatives abroad since 2002 in Vienna,
Austria and since 2005 in Madrid, Spain as well as the subsidiary company
YOC Limited in London, Great Britain. In the fiscal year 2005 YOC AG
generated a turnover of approx 5.3 million Euros and achieved an EBIT of
approx. 0.6 million Euros. In the first half of 2006, the company was able
to generate a turnover amounting to 4.7 million Euros and achieved an EBIT
of approx. 0.9 million Euros.
Contact:
YOC AG
Stefanie Katrin Fehse
Head of Corporate Communications
Dircksenstraße 47
10178 Berlin
Tel. +49-30-726162-161
Mobile: +49-163-7261617
Fax.+49-30-726162-222
E-mail: stefanie.fehse@yoc.dewww.yoc.ag
(c)DGAP 31.07.2006
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Language: English
Issuer: YOC AG
Dircksenstr. 47
10178 Berlin Deutschland
Phone: +49 (0)30-726 162 161
Fax: +49 (0)30-726 162 222
E-mail: stefanie.fehse@yoc.de
WWW: www.yoc.de
ISIN: DE0005932735
WKN: 593273
Indices:
Listed: Freiverkehr in Berlin-Bremen, Düsseldorf, München, Stuttgart;
Entry Standard in Frankfurt
End of News DGAP News-Service
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