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YOC AG — Earnings Release 2011
May 12, 2011
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Earnings Release
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News Details
Corporate | 12 May 2011 08:00
YOC AG: YOC Group still on international growth curve
YOC AG / Key word(s): Quarter Results
12.05.2011 / 08:00
YOC Group still on international growth curve
Berlin, 12 th May 2011 – The YOC Group generated the highest quarterly turnover in its company history in the first quarter of 2011. With a turnover of 8.9 million EUR the company is recording a growth of 11% compared to last year's quarter. Profit has also significantly grown with an increase of 22% to 1 million EUR (Q1/2010: 0.8 Mio. EUR). The mobile technology business division accounts for 54% of the turnover and media for 46% in the first quarter of 2011.
The positive development in the first quarter of 2011 is based on the YOC Group's vision to become a globally leading company for mobile technology and media. The following strategic measures are being implemented and intensified in future to achieve this goal: firstly, the focus on the mobile technology and media business divisions, secondly increased investments in product and platform development and thirdly, the internationalisation of business activities and transferral of technology to countries where the company is not represented yet or is only active to a limited extent.
In the first quarter, the share of revenue from abroad was already 37% at 3,3 million EUR (Q1/2010: 24%). This positive development clearly highlights the YOC Group's internationalisation strategy. In March 2011, the company succeeded in further developing European market leadership by acquiring the French mobile advertising provider MobilADdict SAS. The launch on the US-American market was also successful, another step on the path to becoming a globally leading company for mobile technology and media.
The strong market growth in the first three months of this financial year will also continue over the next few months. Above all, the increasing spread of mobile end devices as well as increasing use of smartphones and associated increased use of the mobile internet will continue to positively influence the market.
'We are investing massively in product and platform development or rather in the further development or our basic technologies', explains Dirk Kraus, CEO at YOC AG. 'Focusing on the mobile technology and media business divisions, which both have high international scalability, promises above-average participation in these increasing market volumes in the future. For the financial year 2011 we are therefore expecting an increase in turnover to anywhere between 36 and 38 million euro.'
You can find more information about the company at www.yoc.com
Contact
YOC AG
Investor Relations
Christina von Grauvogl
Karl-Liebknecht-Str. 1
10178 Berlin
Tel.: +49-30-726162-205
Fax: +49-30-726162-222
About the YOC Group
The YOC Group is a worldwide leading provider of mobile technology and media. The YOC Group licenses its software products to customers from all sectors and provides them with its platforms based on its in-house developed scalable technologies. The company operates more than 800 mobile portals Europe-wide via a protected mobilisation platform. In addition, the YOC Group has the largest premium marketing network for mobile advertising in Europe with over 250 titles in its portfolio. The centrally controlled AdServer already processes more than 100 million requests for mobile advertising tools via the YOC Media Network and ubiyoo performance network every day. The YOC Group achieved a turnover revenue of 30.5 million euro in the financial year 2010 and currently employs roughly 220 employees. The company is globally active and wants to continue to expand internationally
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| Language: | English |
| Company: | YOC AG |
| Karl-Liebknecht-Str. 1 | |
| 10178 Berlin | |
| Deutschland | |
| 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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| 124199 12.05.2011 |