Archive
27.07.1999
Preliminary results Q2 1999
Hamburg, July 27, 1999. INTERSHOP Communications AG (SIN 622700), a leading global provider of e-commerce software applications, today reported its preliminary financial results for the second quarter and the first half of 1999.
Second quarter revenues were up DM 11.8 million or 167 % to DM 18.8 million over the comparable 1998 figure. Compared to the first quarter 1999, INTERSHOP‘s revenues increased by 38 %. U.S. revenues were up a substantial 132 % over the first quarter to DM 8.9 million with a threefold increase in license revenues. According to INTERSHOP CFO Wilfried Beeck: “Market analyses published in spring showed that INTERSHOP is a leading provider of e-commerce software and our marketing efforts has obviously hightened awareness of INTERSHOP in the U.S.“
Gross profit in the second quarter rose an impressive DM 8.1 million or 163 % to DM 13.1 million. Operating expense increased by a relatively modest DM 9.4 million or 52 % to DM 27.6 million. As a result, INTERSHOP ended the second quarter with a net loss of DM 8.4 million, which represents an improvement of DM 3.1 million or 27 % over the same period last year.
INTERSHOP CFO Wilfried Beeck reported, “Our goal for the second quarter was to at least double our performance of the second quarter of the prior year and we managed to exceed that target by a wide margin. The fact that this positive performance was accompanied by a comparatively modest increase in operating expense was also encouraging”.
INTERSHOP ended the first half of 1999 as follows: Revenues were up 134 % to DM 32.2 million, with license revenues accounting for DM 20.6 million and service revenues for DM 11.0 million. Gross profit rose an impressive DM 13.5 million or 140 % to 23.1 in the first six months. Gross margin improved to 72 % from 70 % in the comparable period last year. The operative expenses went up 43 % or DM 14.7 million to DM 48.9 million. Operating loss was DM 16.7 million which represents a decrease of DM 3.8 million. Net loss for the first half year improved by DM 5.2 million to DM 15.0 million.
INTERSHOP’s positive performance during the first six months of the year resulted from follow-up business with existing customers and sales to a large number of new customers. The most important customers in the “hosting” segment now include leading telecommunications companies such as Qo2Net, Deutsche Telekom, France Telecom, Bell South, Retevisión and Sonera as well as Internet service providers like Concentric, MindSpring, Strato and Sparkice in China. In the enterprise segment, several companies have joined the ranks of INTERSHOP customers, including premiere international corporations such as Lufthansa, Corum Healthcare, Deutsche Bank, Hewlett-Packard, Canon, NatWest, Robert Bosch, SGI, Siemens and Waterstone's Booksellers Ltd.
Financial data for the first six months of 1999 in millions of DM (unaudited, data for the previous year in parentheses)
Revenues: 32.2 (13.8)
Increase in revenues: 134%
Gross income: 23.1 (9.6)
Operating loss: -16.7 (-20.5)
Net loss: -15,0 (-20,2)
The complete six-month interim report for 1999 will available on August 18 at http://www.intershop.de.
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
RSS