DGAP-News: YOC Group reports results for first quarter 2012
(firmenpresse) - DGAP-News: YOC AG / Key word(s): Quarter Results/Interim Report
YOC Group reports results for first quarter 2012
14.05.2012 / 11:49
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Financial year 2012
YOC Group reports results for first quarter 2012
Berlin, 14 May 2012 - YOC Group closed the first quarter 2012 with sales
amounting to EUR 8.4 million and an operating result of EUR -0.9 million.
In the first quarter 2012, YOC Group continued to sharpen its strategic
focus on its core business Mobile Technology (Sevenval) and Media. The
Group generated sales totaling EUR 8.4 million (Q1/2011: EUR 8.9 million)
and an operating result of EUR -0.9 million (Q1/2011: EUR 1.1 million) in
the first quarter 2012.
In the first quarter of 2012, YOC Group devoted its full energy to promote
the strategic development of its Mobile Technology operations, driving the
sale and implementation of its license-based core product: FIT Technology.
The share of license revenues in the sales of this segment rose consistently
to 26%. The segment focused more narrowly on the development
of more complex customer deployments with the mobile channel driving the
growth for customers. YOC attracted new license customers such as RWE,
adidas, ESPRIT and IKEA. In the first quarter of 2012, sales in the Mobile
Technology segment stood at EUR 3.4 million (Q1/2011: EUR 4.8 million) with
an operating result amounting to EUR 0.3 million (Q1/2011: EUR 1.4 million).
The discontinuation of non-core activities in this segment was concluded
with the sale of Mobile Messaging operations.
The high demand for its core products and services makes the Group
confident that the Mobile Technology segment will continue its positive
development. Consequently, the Group expects an even higher sales volume
and more profitability for the next quarter.
Sales in the Media segment increased by 28% to reach EUR 5.0 million in the
first quarter 2012 (Q1/2011: EUR 3.9 million). The rise in sales, however,
fell short of expectations. Advertisers and their media agencies have
exercised budget restraint in anticipation of major international events
such as the European Championship and the Olympic Games in the summer
months.
International advertisers on the other hand trust more on YOC's Mobile
Advertising products. In the first quarter of the current financial year,
it was the first time for customers such as
Burger King, Universal Pictures, BMW and Ben&Jerry's to make use of the
YOC Media Network and the YOC Performance Network.
In the first quarter of 2012, YOC made investments in the Media segment in
order to develop the structures and technologies necessary for its
advertising networks, thus promoting the standardised expansion of its
business to continue to efficiently grow in existing and new markets. These
investments in structural developments led to an operating result of EUR
-0.6 million (Q1/2011: EUR 0.5 million).
'We are not happy with the operating result of the Media segment. Sales
development in the first quarter is not yet sufficient to cover the costs
associated with the newly created structures,' says Dirk Kraus, CEO of YOC
AG. 'We expect sales and earnings in this segment for the second quarter to
rise.'
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
Tel.: +49-30-726162-205
Fax: +49-30-726162-222
ir(at)yoc.com
End of Corporate News
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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: 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
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169650 14.05.2012
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Datum: 14.05.2012 - 11:49 Uhr
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News-ID 145837
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