Archive
26.10.1999
Third Quarter Revenues up 132 % - Now more than 60,000 licenses sold
Hamburg, October 26, 1999. INTERSHOP Communications AG (SIN 622700), a leading global provider of e-commerce software, today reported its preliminary financial results for the third quarter and the first nine months of 1999.
Third-quarter revenues were up 132 % or Euro 6.0 million to Euro 10.6 million from the comparable 1998 figure of Euro 4.6 million. License revenues were up 150 %. Gross margin rose Euro 4.2 million or 136 % to Euro 7.2 million. INTERSHOP ended the third quarter with an operating loss of Euro 3.4 million as compared to a loss of Euro 4.1 million for the same period last year. This represents an improvement of Euro 600,000 or 15 %. Net loss of Euro 3.3 million remained stable compared to Euro 3.2 million last year due to lower interest income and subsidies. Loss per share was down to Euro 0.17 (previous year Euro 0.20). Intershop CFO Wilfried Beeck stated: „We are very pleased with the quarter. We have surpassed our goals inspite of new product announcements and partial uncertainty due to the Y2K transition, and have grown distinctly more than 100 %. At the same time the operating results have again improved.”
Intershop ended the first nine months of 1999 as follows: revenues were up 132 % to Euro 27.0 million. Gross profit rose Euro 11.4 million or 144 % to Euro 19.4 million in the first nine months. The operative expenses went up 39 % to Euro 31.4 million. Operating losses were Euro 12.0 million which represents an improvement of Euro 2.5 million or 17 %. Net loss for the first nine months improved by 19 % to DM 11.0 million. Loss per share was down to Euro 0.57 (previous year Euro 1.27).
Intershops positive performance during the third quarter resulted from follow-up business with existing customers as well as from sales to a large number of new customers. In the third quarter alone Intershop had over 1,000 customers. Important customers in the hosting segment included leading telcos and Internet service providers such as in AltaVista, Mindspring and Prodigy the U.S., and Matrix, AOL, Deutsche Telekom and France Telecom in Europe. In the enterprise segment, several companies have joined the ranks of INTERSHOP customers, including premiere international corporations such as Deutsche Bank, Hewlett-Packard, Bosch, QXL, Blaupunkt, Silicon Graphics and Coram´s Healthcare. The number of licenses sold rose to over 60,000 by the end of the third quarter.
Financial data for the third quarter of 1999 in millions of Euro (preliminary, data for the previous year in parentheses):
Revenues: 10,6 (4,6)
Increase in revenues: 132 %
Gross profit: 7,2 (3,1)
Operating loss: 3,4 (4,1)
Net loss: 3,3 (3,2)
The complete nine months report for 1999 will be available on November 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
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