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: 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.