Intershop Communications AG: Adjustment of 2023 forecast for incoming cloud orders - revenue and earnings expectations unchanged
Jena, 28 December 2023 – Intershop Communications AG (ISIN: DE000A254211) is lowering its forecast for incoming cloud orders for FY 2023. The increase in orders expected in the fourth quarter has not yet been realised to the planned extent. The reasons for this continue to be the investment restraint and the postponement of investment decisions by potential customers due to the uncertain overall economic situation. Based on current expectations, Intershop now anticipates incoming cloud orders of around EUR 20 million. Previously, Intershop expected incoming cloud orders in a range between EUR 24.0 million and EUR 26.0 million for 2023 (previous year: EUR 25.9 million).
The revenue and earnings forecast as well as the forecast for net new ARR remain unchanged. Intershop expects slight revenue growth for the FY 2023 and a negative operating result (EBIT), which is expected to improve compared to the previous year (previous year: EUR -2.9 million). The company forecasts net new ARR to be between EUR 1.5 million and EUR 2.5 million (previous year: EUR 3.2 million).
About Intershop
Intershop (founded in Germany 1992; Prime Standard: ISHA) enables the world’s leading manufacturers and wholesalers to digitalize, transform, and boost their businesses. Our e-commerce platform and cloud-based technology give B2B companies the power to establish and expand their digital presence, improve customer experience, and increase online revenue. With 30 years experience and a global presence, we help our 300+ clients turn products into profits, customers into business partners, and transactions into lasting relationships.
Intershop is built to boost your business. Learn more 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.
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