YOC AG with Profitable Growth through Internationalization and Development
of Artificial Intelligence for the VIS.X® Technology Platform in Financial Year
2023
EQS-News: YOC AG / Key word(s): Annual Report/Annual Results
YOC AG with Profitable Growth through Internationalization and Development
of Artificial Intelligence for the VIS.X® Technology Platform in Financial
Year 2023
29.04.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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YOC AG with Profitable Growth through Internationalization and Development
of Artificial Intelligence for the VIS.X® Technology Platform in Financial
Year 2023
Berlin, April 29, 2024 - The ad tech company YOC AG (Frankfurt, Prime
Standard, ISIN: DE 0005932735) increased its consolidated revenue in the
past financial year 2023 by around 31% to EUR 30.6 million (2022: EUR 23.4
million).
At the same time, operating earnings before interest, taxes, depreciation,
and amortization (EBITDA)* according to IFRS increased by around EUR 0.9
million to EUR 4.4 million (2022: EUR 3.5 million). The consolidated net
income rose to EUR 2.9 million (2022: EUR 2.3 million).
In addition to the growth in key financial figures, YOC AG also expanded its
international presence as well as its platform and product offerings:
* Expansion of business activities and continuous expansion of platform
functionalities led to strong growth, accounting for 80% of the total
revenue increase;
* Market entry into the Northern European region through the acquisition
of Nostemedia Oy based in Helsinki. The initial consolidation of the
subsequently renamed YOC Finland Oy contributed approximately 20% to the
overall growth;
* Integration of the VIS.X® Artificial Intelligence (VIS.X® AI), an
innovative module of the VIS.X® technology platform, which combines
extensive algorithms and machine learning models. Based on the
internally developed artificial intelligence, advertising customers
benefit from significantly improved performance metrics of their deals
and campaigns;
* Introduction of the YOC Universal Video Solution based on VIS.X® AI.
With the YOC Universal Video Solution, video formats are automatically
converted into various high-impact advertising formats to achieve
maximum visibility and attention;
* Standardization and automation of business processes lead to efficiency
gains and enable further expansion of business activities.
Dirk-Hilmar Kraus, CEO of YOC AG: "Our strategy to position VIS.X® as the
technological trading platform for high-impact advertising formats in the
digital advertising market is based on growth in our existing markets, the
introduction of the VIS.X® platform in new markets, and the development and
provision of new trading technologies, advertising products, and digital
inventory sources. The potential of artificial intelligence in our industry
is high - we will further advance the differentiation with our VIS.X® AI
from other technology platforms to be among the leading technology companies
in our industry."
*EBITDA corresponds to the definition in the YOC AG's annual report for the
financial year 2023 (available at:
https://yoc.com/investor-relations/financial-reports/)
About YOC
YOC is atechnology company that develops software for the digital
advertising market. With the help of our programmatic trading platform
VIS.X®, weenable an optimal advertising experience for advertisers,
publishers, and internet and mobile application users. Advertisers using
VIS.X®and YOC's attention-grabbing ad formats have the opportunity
toincrease brand and product visibility in conjunction with high-quality ad
inventory. Renowned premium publishers offer global media reach and benefit
from the high monetization of our VIS.X®platform. The company has been
apioneer in mobile advertising since 2001 and has been listed on the Prime
Standard of the Frankfurt Stock Exchange since 2009.
Contact
YOC AG
Investor Relations
Greifswalder Str. 212
10405 Berlin
Tel.: +49-30-726162-0
ir@yoc.com
www.yoc.com
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29.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: YOC AG
Greifswalder Str. 212
10405 Berlin
Germany
Phone: +49 (0)30-72 61 62 322
Fax: +49 (0)30-72 61 62 222
E-mail: ir@yoc.com
Internet: www.yoc.com
ISIN: DE0005932735
WKN: 593273
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1889597
End of News EQS News Service
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1889597 29.04.2024 CET/CEST