Intershop Communications AG | Ad Hoc Announcement |
Intershop reduces net sales and earnings expectations for 2012
Jena, September 24, 2012 – Intershop Communications AG (ISIN: DE000A0EPUH1) today revised its guidance for fiscal year 2012.
The 2012 full year forecast is being adjusted in response to net revenues in the third quarter likely to fall below expectations due to delays to a number of larger projects that are unlikely to be offset in full this fiscal year by additional large orders. The Board of Management now forecasts net revenue growth between 5 and 10% and a balanced operating result for 2012. Previously, management had predicted net sales and earnings to increase by 10 to 20% compared with the prior year.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.