from YOC AG (isin : DE0005932735)
EQS-Adhoc: YOC AG: YOC AG enters the Nordic Market through the acquisition of Nostemedia Oy
EQS-Ad-hoc: YOC AG / Key word(s): Takeover/Miscellaneous
YOC AG: YOC AG enters the Nordic Market through the acquisition of Nostemedia Oy
21-March-2023 / 14:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
YOC AG enters the Nordic Market through the acquisition of Nostemedia Oy
Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014
Berlin, 21 March 2023 - YOC AG acquires Helsinki, Finland-based Nostemedia Oy and thus enters the Nordic market.
A corresponding share purchase agreement for the acquisition of all shares in Nostemedia Oy was signed today. The purchase price consists of a fixed component in the amount of EUR 1.23 million and further variable performance-related components, which are dependent on the operating results of Nostemedia Oy in the financial years 2023 to 2026.
The Nostemedia Oy, as well as the YOC AG, is active in the field of digital advertising markets. The integration into the YOC Group offers both companies the potential to generate rapid and sustainable growth and realize corresponding synergies.
YOC AG expects the acquisition to make an annual EBITDA contribution of EUR 0.5 to 0.7 million in the medium term.
The Management Board of YOC AG will consider and communicate the expected effects of the acquisition of Nostemedia Oy accordingly in the context of YOC AG's revenue and earnings forecast for the current financial year 2023.
Notifying person: Dirk-Hilmar Kraus, Management Board
Contact
YOC AG
Investor Relations
Greifswalder Str. 212
10405 Berlin
Phone: +49-30-726162-0
ir@yoc.de
www.yoc.com
21-March-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | YOC AG |
| Greifswalder Str. 212 | |
| 10405 Berlin | |
| Germany | |
| Phone: | +49 (0)30-72 61 62 322 |
| Fax: | +49 (0)30-72 61 62 222 |
| E-mail: | ir@yoc.com |
| Internet: | www.yoc.com |
| ISIN: | DE0005932735 |
| WKN: | 593273 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1588241 |
| End of Announcement | EQS News Service |
1588241 21-March-2023 CET/CEST