Jena, March 11, 2014 – Intershop Communications AG (ISIN: DE000A0EPUH1) has adjusted its earnings forecast for the financial year 2014.
The Management Board has decided to accelerate the growth strategy in order to achieve a stronger market presence and strengthen the license business. This will require additional investments particularly in sales and marketing. The Management Board, therefore, projects a negative operating result (EBIT) in the lower single-digit million Euro range and an increase in net revenue. The Management Board had previously expected a positive operating result and increasing revenues for 2014.
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.