DGAP-News: YOC AG: YOC Group publishes report for 3Q 2011
(firmenpresse) - DGAP-News: YOC AG / Key word(s): Quarter Results/Interim Report
YOC AG: YOC Group publishes report for 3Q 2011
11.11.2011 / 08:30
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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
christina.vongrauvogl(at)yoc.com
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.
End of Corporate News
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11.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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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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145860 11.11.2011
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