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.

 

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About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISHA) is an independent, internationally leading provider of omnichannel commerce solutions. The latter are available as cloud-based commerce-as-a-service solutions or as licensed models and combine the expertise from over 25 years of software development for online commerce. Upon request, Intershop orchestrates the entire omnichannel commerce process chain – from the design of online channels to the implementation of software to fulfillment. Around the globe more than 300 enterprise customers run Intershop solutions. Customers include large corporations such as HP, BMW, Würth and Deutsche Telekom as well as medium-sized enterprises. Intershop operates in Europe, the USA and the Asia-Pacific region.

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.

Intershop Public Relations

Heide Rausch
Head of Corporate Communication