Ad Hoc Announcements 2007

27.04.2007

Intershop announces comprehensive restructuring program

Jena, April 27, 2007 – Intershop Communications AG (Prime Standard: ISH2) today announced the launch of a comprehensive restructuring program.

Effective immediately, the following restructuring measures will be implemented as part of this program: - The sales management departments in Jena will be reduced from six to three, with the aim of making sales more efficient through faster decision-making processes and improved transparency in staff deployment, as well as reducing management staff costs. - The sales locations in France, Italy, and Austria will be closed. With the exception of Germany, all European sales activities will focus on the successful sales office in Belgium. - Sales and marketing staff costs will be reduced considerably. - All contract projects in development and support will be clearly reduced. The planned savings according to preliminary estimate resulting from all measures amount to approximately EUR 4.5 million per year.

The Company anticipates that the effects of the cost-cutting measures will already have an impact in the third quarter of 2007. The Company will announce further details of its global restructuring program at its Annual Stockholders’ Meeting on May 9, 2007.

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

« back