DGAP-News: YOC AG / Key word(s): Development of Sales/Results Forecast
YOC AG: Successful financial year 2010 and great prospects for 2011
19.01.2011 / 11:41
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Berlin, 19th January 2011 - YOC, Europe's leading mobile technology and
mobile media company, is very pleased with the development of the company
in the financial year 2010. The Group achieved its objectives, both in
terms of quantity and quality. YOC expects to see accelerated sales growth
in the current financial year.
Developments in 2010
In the financial year 2010, the Group attracted the highest number of new
customers in company history. In addition to new customer business, YOC
also succeeded in extending existing customer relations. As a result, YOC
is expected to achieve a turnover of about EUR 30.5 million and to meet
revenue forecasts. This means an above average increase in the operating
result on a year-to-year basis.
In the fourth quarter of 2010, YOC generated an estimated operating cash
flow of about EUR 1.0 million. Dirk Kraus, CEO of the YOC Group, says: 'We
are happy that the measures taken as part of the group-wide working capital
programme have resulted in the sustainable strengthening of our liquidity.
The consistent continuation of the programme will further encourage this
trend in the current financial year 2011.'
The greatest success in terms of quality is the further development of
YOC's in-house developed technology platform and the international launch
of the YOC Ad Plus product. YOC's innovative mobile advertising format
revolutionised the mobile advertising market in Europe. Many customers have
already started using the YOC Ad Plus Europe-wide, such as Wilkinson,
Coca-Cola, Ford, SAP, Continental, Vodafone, and Austrian Airlines.
Prospects for 2011
YOC expects the currently booming business to grow even further in the
financial year 2011. This strong demand is driven by external factors, such
as general business trends and the increasing relevance of the mobile
channel as an advertising and communication tool, and by internal factors
such as the continuous development of innovative products. It was only
last week that YOC launched the YOC Smart Web App, which is again an
innovative product that sets new international standards for mobile
internet solutions. Against this background, the company expects to see
accelerated sales growth of about 20-25% in the current financial year.
Contact:
Frau Anna Augar
Karl-Liebknecht-StraÃe 1
10178 Berlin
Fon: 030 726162-161
Fax: 030 726162-222
E-Mail: anna.augar@yoc.com
End of Corporate News
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19.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: YOC AG
Karl-Liebknecht-Str. 1
10178 Berlin
Deutschland
Phone: +49 (0)30-72 61 62 161
Fax: +49 (0)30-72 61 62 222
E-mail: nina.mecklenburger@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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109428 19.01.2011
DGAP-News: YOC AG: Successful financial year 2010 and great prospects for 2011
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