Intershop Adjusts Forecast for FY 2014

Jena, 1 August 2014 – Intershop Communications AG (ISIN: DE000A0EPUH1) has adjusted its sales and earnings forecast for the 2014 financial year. Based on current projections, the Management Board now expects revenues to decline at a single-digit to low double-digit percentage as well as negative earnings before interest and taxes (EBIT) in the medium single digit million euro range. Management had previously projected a moderate increase in net revenues as well as negative EBIT in the low single digit million euro range.

The adjustment of the forecast is due to the fact that the company’s transformation from a more service-oriented provider to a product company is taking longer than originally planned. The licence revenues have already increased significantly, but to a lesser degree than anticipated, and the cost base has increased. The Management Board has initiated measures aimed at optimising the cost structures in order to improve the earnings situation and the focus of sales and marketing activities.

Investor Relations:
Heide Rausch
T: +49-3641-50-1000
F: +49-3641-50-1309
ir@intershop.de 

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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