Intershop Communications AG | Press Release |
Intershop signs major contract and upgrades forecast for 2015
Jena, 7 August 2015 –Intershop Communications AG (ISIN: DE000A0EPUH1) has signed a major contract with a long-standing strategic customer. The contract in a low single digit million euro amount essentially comprises revenues from the sale of licences of the Intershop Commerce Suite, which are booked immediately. Intershop has therefore upgraded its revenue and earnings forecast for the financial year 2015. The Management Board now expects sales revenues to be on a par with the previous year, adjusted for the disposal of the online marketing activities, as well as moderately positive earnings before interest and taxes (EBIT). Intershop had previously projected a low double-digit percentage decline in adjusted sales revenues as well as almost balanced EBIT.
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.