Jena, September 24, 2012 – Intershop Communications AG (ISIN: DE000A0EPUH1) today revised its guidance for fiscal year 2012.
The 2012 full year forecast is being adjusted in response to net revenues in the third quarter likely to fall below expectations due to delays to a number of larger projects that are unlikely to be offset in full this fiscal year by additional large orders. The Board of Management now forecasts net revenue growth between 5 and 10% and a balanced operating result for 2012. Previously, management had predicted net sales and earnings to increase by 10 to 20% compared with the prior year.
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.