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Jena, Germany, 12 June 2013 – At today’s Annual Stockholders’ Meeting of Intershop Communications AG, the Executive Board reported on the company’s business performance, the financial results, its strategy and the outlook for the future. In addition, Dr. Jochen Wiechen, newly appointed to the Executive Board effective 1 August 2013, as well as Dr. Kai Hudetz and Professor Dr. Nikolaus Mohr, both newly elected to the Supervisory Board by the meeting of stockholders, introduced themselves to the approximately 60 stockholders and proxies in attendance.
Jochen Moll, Spokesman of the Executive Board, explained the 2012/2013 business performance. Apart from highlighting the company’s technological expertise, his presentation emphasised a strategic shift towards the creation of business value and the role of Intershop in the e-commerce market of tomorrow.
Jochen Moll said: “Going forward we want to gear our consulting approach even more effectively to customer benefit and take the quality of our customer relationships to the next level. To this end, we have reviewed all our processes and set up a business unit which will exclusively focus on positioning our high-calibre consulting expertise. After all, we are an e-commerce pioneer with a twenty-year track record, which makes us a unique proposition in this market.”
CFO Ludwig Lutter explained the figures of the past financial year 2012 and the first quarter of 2013. He confirmed the 2013 sales and earnings guidance which anticipates sales growth in the single digits and a net result around the break-even point. The presentations by the Executive Board members were followed by the introduction of the Executive and Supervisory Board members to the shareholders.
Just under 44 % of the share capital was represented at this year’s Annual Meeting of Stockholders. All proposed resolutions were endorsed by large majority votes. These resolutions included the election of two new members to the Supervisory Board in Dr. Kai Hudetz, managing director of IFH Institut für Handelsforschung GmbH, and Professor Dr. Nikolaus Mohr, most recently managing director and managing partner of consultancy Accenture Deutschland. Both new members can draw on long-standing and comprehensive experience in the retail, IT and e-commerce sectors.
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.