Ad Hoc Announcements 2007
15.02.2007
Intershop Communications AG Reports Fourth Quarter and Full Year 2006 Financial Results
Jena, Germany – February 15, 2007 - Intershop Communications AG (Prime Standard: ISH2) today announced financial results for the fourth quarter 2006 and full financial year 2006, ended December 31, 2006.
Fourth quarter 2006 revenue rose as against the previous quarter from Euro 4.9 million to Euro 5.5 million, compared with Euro 5.3 million in the fourth quarter of 2005. License revenue rose by Euro 1.0 million in the fourth quarter of 2006 as against the third quarter of 2006 to Euro 0.6 million, compared with Euro 1.6 million in the fourth quarter of 2006. Intershop’s total revenues increased from Euro 17.8 million in fiscal year 2005 to Euro 19.8 million in fiscal year 2006. Total operating costs (cost of revenues plus operating expenses) amounted to Euro 7.9 million in the fourth quarter of 2006, compared with Euro 6.4 million in the previous quarter and Euro 4.6 million in the fourth quarter of 2005. The total operating costs for the fiscal year amounted to Euro 26.1 million in 2006, as compared with Euro 20.0 million in 2005.
Intershop reported Euro 2.4 million in net loss in the fourth quarter of 2006 or Euro 0.11 per share, compared to a net loss of Euro 1.6 million or a net loss of Euro 0.09 per share in the third quarter of 2006. In comparison, Intershop’s net income in the fourth quarter of 2005 was Euro 0.2 million or Euro 0.01 per share. For the full year of 2006, Intershop’s net loss totaled Euro 6.8 million or a net loss of Euro 0.36 per share, compared to a net loss of Euro 3.4 million or a net loss of Euro 0.18 per share for the full year of 2005. Total cash, including cash and cash equivalents, marketable securities, and restricted cash fell from Euro 13.5 million as of December 31, 2005 to Euro 11.2 million as of December 31, 2006. The amount of unrestricted cash included in this total amounting to Euro 3.6 million as of December 31, 2006, compared to Euro 7.3 million as of December 31, 2005.
Given the positive market forecasts for the development of e-commerce, Intershop anticipates a significant increase in revenues year on year. Intershop expects to generate a positive net result and cash flow in fiscal year 2007.
The full press release relating to this adhoc disclosure is available at www.intershop.com.
Investor Relations:
Annett Körbs
T: +49-3641-50-1370
F: +49-3641-50-1309
ir@intershop.de
Public Relations:
Dr. Ute Danz
T: +49-3641-50-1000
F: +49-3641-50-1002
pr@intershop.de
