INTERSHOP Communications : publishes preliminary 9-month figures and adjusts forecasts for 2019 and 2020
October 15, 2019 at 12:35 pm EDT
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DGAP-Ad-hoc: Intershop Communications AG / Key word(s): 9 Month figures/Change in Forecast
Intershop publishes preliminary 9-month figures and adjusts forecasts for 2019 and 2020
15-Oct-2019 / 18:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Jena, 15 October 2019 - According to preliminary figures, INTERSHOP Communications AG (ISIN: DE000A0EPUH1) generated revenues of around EUR 23 million (previous year: EUR 24 million) and an operating result (EBIT) in the amount of EUR -4.6 million (previous year: EUR -3.7 million) in the first nine months of 2019. In the DACH region, the planned revenues could not be realized. Incoming orders for cloud solutions were worth EUR 4.8 million, up 52% on the previous year, while cloud-related revenues climbed 19% to EUR 4.6 million. Although revenues and earnings improved in the course of the first three quarters of 2019, the pace of growth - especially where orders for cloud solutions are concerned - is insufficient to reach the current guidance for 2019 and 2020. Based on this assessment, Intershop has adjusted its forecast. Management now expects moderate year-on-year revenue growth (previously revenue growth of more than 10%) and a negative EBIT in the medium single-digit million euro range (previously slightly negative EBIT) for the full year 2019. Against the background of this development, the previous targets for 2020 (revenues of EUR 50 million and an EBIT margin of 5%) will not be reached. The adjusted forecast for 2020 will be announced no later than February 2020, when the company will also announce the preliminary figures for 2019.
The Management Board and the Supervisory Board will shortly decide on measures to significantly accelerate the cloud transformation and to steer the company onto a sustainable profitable growth track.
The final figures and the interim report for the first nine months of 2019 will be published as planned on 30 October 2019.
15-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Intershop Communications AG
Intershop Tower
07740 Jena
Germany
Phone:
+49 (0)3641-50-0
Fax:
+49 (0)3641-50-1309
E-mail:
ir@intershop.de
Internet:
www.intershop.de
ISIN:
DE000A0EPUH1
WKN:
A0EPUH
Indices:
CDAX, PRIMEALL, TECHALLSHARE
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
INTERSHOP Communications AG is a provider of integrated enterprise solutions for omni-channel commerce. The Company operates in two business segments: Products and Service. The Products business segment comprises licensing revenues and maintenance revenues. The Service business segment includes revenues from consulting services and training, and full services revenue. Its segments include Europe, USA and Asia/Pacific. The Europe segment includes the sales activities of the Company, Intershop Communications LTD and Intershop Communications SARL. The USA segment includes the sales activities of Intershop Communications Inc., mainly in North America, as well as the sales activities of the Company in this region. The Asia-Pacific segment includes the sales activities of INTERSHOP Communications Australia Pty Ltd and Intershop Communications Asia Limited. The Company offers packaged software for Internet sales, complemented by all other services. It offers Intershop Commerce software.
INTERSHOP COMMUNICATIONS AKTIENGESELLSCHAFT 
