on YOC AG (isin : DE0005932735)
YOC AG Sees Significant Profitability Increase According to Preliminary Figures in H1 2024
Berlin, July 01, 2024 – YOC AG, an Ad Tech company listed on the Frankfurt Stock Exchange, has announced a preliminary increase in consolidated revenue to between 15.3 million EUR and 15.6 million EUR for the first half of 2024, compared to 12.6 million EUR in H1 2023. All markets where YOC operates showed significant growth contributions.
The company also expects operating earnings before interest, taxes, depreciation, and amortization (EBITDA) to rise to between 1.6 million EUR and 1.8 million EUR, up from 0.6 million EUR in H1 2023. Consolidated net income is projected to be between 0.5 million EUR and 0.8 million EUR, compared to a loss of 0.2 million EUR in the same period in 2023.
Dirk Kraus, CEO of YOC AG, stated that the company has achieved annual revenue growth of more than 20% over the past three fiscal years. This growth is attributed to new trading functionalities on its platform VIS.X® and the expansion of AI-based product solutions.
The full report for the first half of 2024 will be released on August 19, 2024.
R. P.
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