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YOC AG — Earnings Release 2011
Nov 11, 2011
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Earnings Release
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Corporate | 11 November 2011 08:30
YOC AG: YOC Group publishes report for 3Q 2011
YOC AG / Key word(s): Quarter Results/Interim Report
11.11.2011 / 08:30
YOC Group publishes report for 3Q 2011
Long project times and weak order intake in the Mobile Technology segment / Accelerated growth in the Media segment
Berlin, 11 November 2011 – The first three quarters of the current financial year were a challenging time for the YOC Group, with sales reaching EUR23.2 million and an operating result of EUR-2.5 million. This is due to an weak order intake in the Mobile Technology segment and long project times, both of which resulted in delayed revenue recognition. At the same time, the core segment Media has been experiencing an accelerated increase in sales, which is still disproportionate to the market.
As of 30 September of the current financial year sales reached EUR23.2 million
(YTD/2010: EUR22.7 million). Our core business Mobile Technology and Media grew 17% over the same period. A decline in Mobile Technology sales, however, led to an operating loss in the third quarter of 2011, with EBITDA at EUR-2.5 million in the period under report (YTD/2010: EUR2.1 million).
The launch of new products within the Mobile Technology unit, such as the YOC Smart Web App, resulted in extraordinary project times and lead, in combination with a weak order intake, to a delayed revenue recognition. This creates a high order backlog of EUR1.8 million as of 30 September 2011.
Accelerated growth in the Media segment
At the same time, the core segment Media has been experiencing an accelerated increase in sales by 67% reaching EUR14.0 million (YTD/2010: EUR8.4 million), which is still disproportionate to the market. The company was able to further expand its competitive position in Europe due to the acquisition of the French subsidiary MobilADdict SAS and the successful Media units in Germany, Spain, Austria, and the UK. This development is driven by strong growth in the following product areas: the YOC Media Network, the YOC Performance Network, and the Affiliate Marketing Network belboon.
In the first three quarters of the current financial year, the YOC Group consistently continued its international growth trend. International sales increased by 82% from EUR6.0 million to EUR10.8 million in the period under report. Thus, the percentage of internationally generated sales already amounts to 47% (YTD/2010: 26%).
In the future, the YOC Group will continue to focus its business sharply on its core competencies Mobile Technology and Media in order to further strengthen its leadership position in Europe In parallel with this, non-core activities have been discontinued. This is a vital step to promote the development of our company. As part of these efforts, the third quarter of the current financial year saw impairments resulting in extraordinary depreciation amounting to EUR-4.7 million.
Outlook for the financial year 2011
It is the vision of the YOC Group to become a global leader for Mobile Technology and Media. 'To achieve this aim the YOC Group will devote our full energy to promote the development of the company in order to master the challenges encountered in the Mobile Technology segment while boosting at the same time the extraordinary performance of the Media segment', explains Dirk Kraus, CEO at YOC AG. For the financial year 2011 we expect total sales of EUR31.0 to EUR32.0 million.
For more information on the Group please go to www.yoc.com
Contact
YOC AG
Investor Relations
Christina von Grauvogl
Karl-Liebknecht-Str. 1
10178 Berlin
Phone: +49-30-726162-205
Fax: +49-30-726162-222
YOC – About the Group
YOC is a global leading player in Mobile Technology and Media. In its Tech division, YOC licenses software products for the development of cutting-edge technological infrastructure like Mobile Internet sites, Web Apps, Mobile Commerce, secure Mobile Banking, Mobile CRM platforms and integrated, high end Mobile Marketing campaigns. YOC globally operates 20,000 mobile sites based on the company's in-house developed Mobile Internet Technology. In the Media division, YOC provides media bundles and advanced rich media ad formats for highly targeted and efficient Mobile Advertising. Offering the full range from performance to premium Mobile Advertising, YOC's Ad Networks currently deliver 5 bn mobile Ad Impressions per month. With 300 international publishers (e.g. The Sun, wetter.com, 20 Minutes, krone.at or El Mundo) the YOC Group has the largest Premium Media Network in Europe. Several of the world's top brands (e.g. Coca-Cola, Mercedes-Benz, Motorola, Waitrose, Ford or Swiss Airlines) trust on YOC's products, the company's technological expertise and innovative power. In the financial year 2010, the group's sales revenue rose up to EUR 30.5 million. YOC is accelerating further international growth and currently has a headcount of 220+ employees in seven offices in Europe and the U.S.
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| Language: | English |
| Company: | YOC AG |
| Karl-Liebknecht-Str. 1 | |
| 10178 Berlin | |
| Germany | |
| Phone: | +49 (0)30-72 61 62 205 |
| Fax: | +49 (0)30-72 61 62 222 |
| E-mail: | [email protected] |
| 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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| 145860 11.11.2011 |