Intershop Communications : publishes preliminary figures for first six months and adjusts forecast for 2018 to cloud focus

DGAP-Ad-hoc: Intershop Communications AG / Key word(s): Half Year Results/Change in Forecast Intershop publishes preliminary figures for first six months and adjusts forecast for 2018 to cloud focus 26-Jul-2018 / 09:00 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, 26 July 2018 - According to preliminary figures, INTERSHOP Communications AG (ISIN: DE000A0EPUH1) generated revenues of approx. EUR 16 million (previous year: EUR 18 million) and EBIT of EUR -2.0 million (previous year: EUR 0.2 million) in the first half of 2018. The decline in revenues and earnings is essentially attributable to the shift in revenues resulting from the strategic transition from the license business to the cloud business. While this transformation results in temporary fluctuations in revenues and earnings, it will ultimately lead to greater stability in the following years. Incoming orders for cloud-related products and services picked up noticeably to EUR 2.2 million in the first half of 2018 (previous year: EUR 0.7 million). Revenues in the Cloud and Subscription segment rose by 14% to EUR 2.5 million. After the Management Board and Supervisory Board today reaffirmed the consistent transformation towards the cloud, Intershop has adjusted its forecast for the fiscal year 2018 accordingly. Because of the accelerated decline in licensing revenues, management now projects slightly lower revenues than in the previous year as well as negative earnings before interest and taxes (EBIT) in the low single-digit euro million range. Management had previously projected slightly higher revenues and slightly positive EBIT. Nonetheless, management remains firmly focused on the medium-term target of EUR 50 million in revenues and an EBIT margin of 5% for the year 2020. The final figures and the report on the first six months of 2018 will be published as planned on 1 August 2018. Contact: Investor Relations Heide Rausch T: [phone] F: [phone] [e-mail] 26-Jul-2018 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:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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

End of Announcement	DGAP News Service

708041  26-Jul-2018 CET/CEST