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.*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.
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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
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