Archive
01.10.2002
Intershop Announces Reduced Revenue Expectations for the Third Quarter Of 2002
Jena, Germany, October 1, 2002 – Intershop Communications AG (Nasdaq: ISHP; Neuer Markt: ISH), a leading provider of e-commerce software for enterprises, today announced reduced revenue expectations for the third quarter of 2002, ended September 30, 2002.
Intershop expects third quarter 2002 revenue will be approximately Euro 9 million. The Company had previously expected third quarter 2002 revenue to be flat with the second quarter 2002 revenue of Euro 12.1 million.
Stephan Schambach, Intershop Chief Executive Officer commented: “Due to continued weakness in the global economy during the third quarter of the year, companies continued to postpone spending on information technology. Unfortunately, despite its unique solutions offering, Intershop is not immune to these industry trends. As a result, the closing of certain deals was not achieved as we had originally expected in the third quarter of 2002. We do, however, expect significant third quarter 2002 business to materialize in the fourth quarter of 2002.”
Full financial results for the third quarter of 2002 and for the first nine months of 2002 will be reported on October 30, 2002.
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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