DGAP-News: YOC Group increased sales to EUR33 million according to preliminary figures
(firmenpresse) - DGAP-News: YOC AG / Key word(s): Preliminary Results
YOC Group increased sales to EUR33 million according to preliminary
figures
22.03.2012 / 10:00
---------------------------------------------------------------------
Financial year 2011
YOC Group increased sales to EUR33 million according to preliminary figures
Berlin, 22 March 2012 - According to preliminary calculations, YOC Group
closed the financial year 2011 with sales amounting to EUR33.3 million
(2010: EUR30.5 million) and an operating result of EUR-3 million (2010:
EUR2.8 million).
YOC Group consistently focused their business operations strategy on the
core competencies Mobile Technology and Media in the financial year 2011.
With this positioning, the company concentrates on the requirements of the
market and lays the foundations for further growth and profitability.
However, a temporary decline in earnings due to the structural
reorganisation and discontinuation of non-core activities has to be taken
into account. In the financial year 2011, YOC Group generated sales
totalling EUR33.3 million (2010: EUR30.5 million) and an operating result
amounting to EUR-3 million (2010: EUR2.8 million) according to preliminary
calculations - this includes costs for the reorganisation and one-off
expenses amounting to around EUR1 million.
Sales in the business unit Mobile Technology amounted to EUR13 million
(2010: EUR18.7 million) in the financial year 2011. The implementation of
the strategic focusing also lead to the discontinuing or active termination
of activities which are no longer within the core business. Furthermore,
extended project durations - particularly in the second and third quarter
of 2011 - caused delayed revenue recognition and a strongly increased order
backlog amounting to EUR2.4 million at the end of the year. YOC Group
started focusing business operations on the implementation of larger
projects with customers for whom the Mobile channel is a strategic growth
driver. At the same time, the company continued to increase recurring
revenues and licence income.
In comparison, the business unit Media showed an accelerated sales growth
with 73% to EUR20.3 million (2010: EUR11.8 million). Thus, the business
unit's development was still disproportionately high in the strongly
growing future market Media. Due to the takeover of the French subsidiary
MobilADdict SAS in the first quarter of 2011 and the successful media units
in Germany, Spain, Austria and the United Kingdom, the company could
further strengthen the competitive position in Europe. Every second euro of
sales in the business unit Media was generated abroad.
The measures adopted within the scope of the strategic reorganisation of
YOC Group showed positive effects already in the fourth quarter of 2011:
The company generated sales totalling EUR10.1 million. The operating result
amounted to EUR-0.5 million. This includes costs for the strategic
reorientation amounting to EUR0.3 million. Sales in the Mobile Technology
segment for this period amounted to EUR3.8 million (Q4/2010: EUR4.4
million; core business Q4/2010: EUR3.9 million). In the business unit
Media, sales were positively affected by the strong market dynamics and
rose to EUR6.4 million (Q4/2010: EUR3.4 million) in the
fourth quarter of 2011.
Outlook
With the consistent implementation of the strategic focusing on the
business units Mobile Technology and Media, YOC Group laid the groundwork
for dynamic growth in the financial year 2011 and therefore expects a
positive development of the company.
'We're planning to further expand our international position in line with
the strategic focusing', explains Dirk Kraus, CEO of YOC AG. 'Thus, we pave
the way for further growth in the core business.'
The audited figures will be published together with the Annual Report 2011
on 26 April 2012.
For more information on the company 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
ir(at)yoc.com
End of Corporate News
---------------------------------------------------------------------
22.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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: christina.vongrauvogl(at)yoc.com
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
---------------------------------------------------------------------
161760 22.03.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.03.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 127362
Anzahl Zeichen: 7068
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 225 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: YOC Group increased sales to EUR33 million according to preliminary figures"
steht unter der journalistisch-redaktionellen Verantwortung von
YOC AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
