Intershop Communications AG | Ad Hoc Announcement |
Intershop adjusts 2013 sales and earnings guidance
Jena, October 2, 2013 – Intershop Communications AG (ISIN: DE000A0EPUH1) has revised its sales and earnings guidance for the financial year 2013. The Management previously assumed single-digit sales growth from the previous year’s EUR 51.8 million and expected to approximately break even in EBIT terms (earnings before interest and taxes).
Delays incurred on several major orders resulted in lower net revenues and, consequently, a lower EBIT for the third quarter than expected.
The Board of Management, therefore, no longer anticipates meeting the previous guidance for the full year 2013. Instead, the Board now expects to report net revenues around the previous year’s level as well as a negative EBIT amounting to a low single-digit million euro amount. Going forward to 2014, the company is expected to return to rising net revenues and a positive operating result.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.