DGAP-News: Intershop generates a sharp rise in revenues in Q1 2010
(firmenpresse) - Intershop Communications AG / Quarter Results
12.05.2010 08:08
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- Net revenues rise 21% to EUR 8.3 million
- Earnings marked by special factors
- Substantial improvement in earnings expected over the course of the year
Jena, May 12, 2010 - Intershop Communications AG, a provider of integrated
e-commerce solutions, today published its results for the first quarter of
2010.
Net revenues in the first three months of 2010 increased by 21% to EUR 8.3
million. Intershop therefore generated its highest level of quarterly
revenues since 2002 with the exception of Q4 2009, which was marked by a
major license order. The most important growth driver in the first three
months was consulting revenues, particularly from major customers (platinum
accounts). These rose by 23% year-on-year to EUR 3.8 million. Maintenance
revenues totaled EUR 2.3 million, up 12%. License revenues rose by 7% to
EUR 0.8 million.
Gross profit of EUR 3.6 million was generated in the first three months of
2010, following EUR 2.9 million in the prior-year quarter. The gross margin
(gross profit/net revenues) improved from 42% in the prior-year period to
44%.
EBITDA rose from EUR 475 thousand in the prior-year quarter to EUR 652
thousand, corresponding to an 8% EBITDA margin. At EUR 91 thousand, the
result from operating activities (EBIT) remained on a par with the first
quarter of 2009 (EUR 98 thousand). Net profit for the period totaled EUR 77
thousand (previous year: EUR 124 thousand). The main reasons for the slight
deterioration were special factors relating to operating expenses.
Operating expenses rose from EUR 2.8 million to EUR 3.5 million;
approximately EUR 0.4 million of this amount was attributable to special
factors such as costs for the Extraordinary Stockholders' Meeting and legal
and consulting fees.
Cash and cash equivalents rose significantly to EUR 10.6 million as of
March 31, 2010, against EUR 6.3 million at year-end 2009. This increase was
primarily due to the positive operating cash flow of EUR 4.6 million in the
quarter.
Intershop Management Board member Peter Mark Droste: 'The sharp rise in
revenues is mainly due to the very encouraging development of our major
platinum accounts. The quarterly result was in part marked by special
factors so we expect a substantial improvement in earnings in the remaining
quarters.'
GSI cooperation makes significant contribution to total revenues
The partnership with U.S. company GSI Commerce, announced on April 15,
2010, will contribute revenues of at least EUR 3 million in the current
fiscal year.
For the time being, the Management Board continues to expect revenue growth
of 7% to 13% in full-year 2010, although revenues from GSI, the new U.S.
partner, mean that growth is expected to be at the high end of the range.
The Management Board continues to anticipate sustainably positive earnings
in 2010.
Investor Relations Contact:
Stephan Leschke
Phone: +49.3641.50-1371, ir(at)intershop.com, www.intershop.com
12.05.2010 08:08 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Intershop Communications AG
Intershop Tower
07740 Jena
Deutschland
Phone: +49 (0)3641-50-0
Fax: +49 (0)3641-50-1002
E-mail: ir(at)intershop.de
Internet: www.intershop.de
ISIN: DE000A0EPUH1, DE000A0C4ZE3
WKN: A0EPUH, A0C4ZE
Indices: CDAX, PRIMEALL, TECHALLSHARE
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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Datum: 12.05.2010 - 08:08 Uhr
Sprache: Deutsch
News-ID 20743
Anzahl Zeichen: 0
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Kategorie:
Business News
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