Corporate | 17 March 2011 09:11
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YOC AG / Key word(s): Preliminary Results/Final Results
Financial year 2010 YOC meets growth forecasts – 175 % increase in EBITDA in FY 2010 Berlin, 17 March 2011 – In FY 2010 the YOC Group consistently conducted its business operations with a strategic focus on mobile technology and mobile media, both of which have a significant scaling potential. YOC is ideally positioned to meet the requirements of the market. The key element of this approach is the continuous development of innovative, standardised products. In the financial year 2010, there were two trends which will continue in the current financial year. On the one hand there is a shift in mobile offers from native applications to browser-based products and on the other hand there is a continuous change in advertising budgets moving from traditional channels and online towards mobile. The reason for this is the increasing diversity of mobile internet-compatible handsets and further fragmentation of the app stores. Mobile ads are becoming more attractive for advertising budgets than online-based ads due to unique targeting options, locations-based services, new mobile handsets and innovative, interactive multi-media advertising formats. Anticipating this trend, YOC reinforced its strategic focus on the mobile technology and mobile media business in the past financial year. This led to the development of not only one but two innovative products which are unique in the world: the mobile media product YOC Ad Plus and the browser-based mobile technology product YOC Smart Web App. In quantitative terms, YOC met its growth forecasts. Its turnover is estimated to have increased by 17% to EUR 30.5 million (2009: EUR 26.1 million) in line with forecasts. EBITDA is estimated to amount to EUR 2.8 million (2009: EUR 1.0 million), which is an increase by about 175% on a year-to-year basis. This clearly has had a significant impact on YOC’s profitability. This trend is accompanied by a very positive development of YOC’s international business operations in the financial year 2010. The share of international revenues in total sales revenue increased from 19% last year to 27%. ‘The development of innovative, standardised products based on our leading technology platform is the key element of our growth strategy for the coming years. In 2010 our platform and products attracted more new customers than ever before,’ said YOC CEO Dirk Kraus.
Outlook
YOC’S strategic focus on targeted investment in product development and international sales in the current financial year will enable the Group to reap optimum benefits from future market potential. As a result, YOC expects accelerated turnover growth for the financial year 2011 of around 20-25%. For more information about the company: www.yoc.com
Contact
YOC – About the Group
Contact: Frau Anna Augar Karl-Liebknecht-Straße 1 10178 Berlin Fon: 030 726162-161 Fax: 030 726162-222 E-Mail: anna.augar@yoc.com End of Corporate News 17.03.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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 | |
| Karl-Liebknecht-Str. 1 | ||
| 10178 Berlin | ||
| Deutschland | ||
| Phone: | +49 (0)30-72 61 62 202 | |
| Fax: | +49 (0)30-72 61 62 222 | |
| E-mail: | anna.augar@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 News | DGAP News-Service |
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| 115877 17.03.2011 |