Intershop updates forecast for 2022: revenue and earnings forecast reduced, cloud growth forecast unchanged
Jena, 30 September 2022 – The Management Board of Intershop Communications AG (ISIN: DE000A254211) today decided to adjust the forecast for FY 2022 revenues and earnings on the basis of the performance in the first nine months and the current planning for the fourth quarter of 2022. The company now projects revenues at the prior year level (previously: revenue growth of approx. 10%) and a negative operating result (EBIT) in the lower single-digit million euro range (previously: positive EBIT of at least EUR 1.0 million). The performance of the service business is below management’s expectations and the efficiency-enhancing measures initiated at mid-year have not yet shown the planned effect. The Management Board therefore assumes that the shortfall from the previous quarters cannot be offset in the fourth quarter.
The cloud business has shown strong growth to date and management expects it to perform to plan also in the remaining months of the financial year 2022. This is why the forecasts for incoming cloud orders and net new ARR remain unchanged at 20% and 10% growth, respectively.
About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISHA) delivers the agentic commerce platform powering digital sales for the hidden champions and global powerhouses of B2B. More than 300 manufacturers, wholesalers, holding companies and business associations worldwide rely on Intershop to connect, simplify, and automate commerce across regions, brands, business models and channels. With their unrelenting B2B focus and platform designed to handle complexity, Intershop helps businesses grow their digital sales revenue, improve customer retention, and make their sales processes more efficient.
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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