Intershop Communications AG Revises Earnings Outlook for the Fiscal Year 2018; Provides Earnings Outlook for the Fiscal Year 2019; Reaffirms Earnings Outlook for the Fiscal Year 2020
November 19, 2018 at 10:39 am EST
INTERSHOP Communications AG revised earnings outlook for the fiscal year 2018. For the fiscal year 2018, the company now expects a 10% to 15% decline in revenues as well as negative earnings before interest and taxes (EBIT) in the medium single-digit euro million range in the 2018 fiscal year. Previously, the company had projected slightly lower revenues than in the previous year and negative EBIT in the low single-digit euro million range.
For the 2019 fiscal year, the company plans to increase sales again along with a still slightly negative operating result.
For 2020 fiscal year, the company confirms its medium-term target to generate revenues of EUR 50 million and an EBIT margin of 5%.