Archive
01.10.2004
Intershop Communications AG announces revised 2004 financial results expectations
Annual loss considerably reduced compared to previous year; available cash funds increased in third quarter 2004.
Jena, Germany – October 1, 2004. Intershop Communications AG (Prime Standard: ISH1; "Intershop" or "the Company") today announced that it has to revise its financial results expectations for the fiscal year 2004.
Despite reduced total operational costs due to its current revenue expectations for the second half of 2004, the Company currently expects that it will not be able to meet the anticipated break even on a net income basis in 2004. Intershop now anticipates an annual loss for 2004 in a range between 4.5 and 5.5 million Euro compared to an annual loss in the amount of 18.6 million Euro in 2003 and a loss in the amount of 27.6 million Euro in 2002. The improved results are primarily due to a reduction of operational costs by approximately 50 percent and a revenue projected for 2004 that is slightly lower than 2003.
The immediately available funds have been increased from 2.3 million at the end of the second quarter to 3.4 million Euro at the end of the third quarter due to the recent cash capital increase of 1.6 million Euro and a considerable reduction of the consumption of cash funds amounting to approximately 0.5 million Euro compared to 2.4 million Euro in the previous quarter. The complete results for the third quarter will be announced on October 29, 2004 and for the fourth quarter and the fiscal year 2004 on February 10, 2005.
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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