Revenue increase higher than expected at 36%
Above average growth of automated sales
Mobile advertising company YOC AG achieved more than 36% revenue growth to EUR 3.09 million in the first quarter of 2017 (Q1/2016: EUR 2.27 million), exceeding its own forecast. In the last 12 months YOC’s share price has increased by 164.34% (from 2.75EUR to 7.70EUR) with the company currently valued at 24 Million EUR.
YOC UK, which is headed by Managing Director Oliver Gold, [pictured left] contributed heavily to this success. The UK division effectively doubled their Q1 revenue year on year and consistently maintained the upward trend from Q4 2016. The German-speaking markets developed at a high level with a revenue increase of around 28%.
The ongoing growth of YOC Group is underpinned by an increase in programmatic trading, accounting for approximately one third of total revenues. In the current financial year, the company will introduce further innovative ad tech products, designed to unlock the profitable potential of programmatic sales for its partners.
Oliver Gold, Managing Director, added “We have been experiencing a period of unprecedented revenue growth, driven largely by the diversification of YOC’s product suite & advancements in automated trading. I am delighted with the exceptional performance of our team and look forward to continued success throughout 2017.
Sebastian Bauermann, Director Finance at YOC AG said: “YOC is constantly increasing its profitability.
The positive development of the EBITDA is due to the steady revenue growth, increased gross profit margin and consistent cost efficiency of the company.”
The company published its financial report for the first quarter of 2017 today.