DGAP-News: Intershop records net revenues at prior year level
(firmenpresse) - DGAP-News: Intershop Communications AG / Key word(s): Quarter Results
Intershop records net revenues at prior year level
06.11.2013 / 08:13
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- Net revenue of EUR 38.5 million at the nine-month stage
- Revenue increase and significantly improved gross margin in Q3
- Intensification of sales and marketing efforts continues
Jena, Germany, 6 November 2013 - Intershop Communications AG (ISIN:
DE000A0EPUH1), a leading provider of integrated e-commerce solutions,
generated net revenues of EUR 38.5 million in the first nine months of the
year, which was on a par with the previous year. In the third quarter,
revenues increased by 8 % to EUR 13.2 million. The gross margin also
improved compared to the prior year quarter and reached 34 % (Q3 2012:
31%). At EUR -0.4 million, the operating result remained slightly negative,
however (Q3 2012: EUR -0.3 million). Earnings before interest and taxes
(EBIT) for the nine-month period totalled EUR -3.3 million, compared to EUR
0.1 million in the same period of the previous year.
'We continued to intensify our sales and marketing activities in the third
quarter. Higher revenues and improved earnings are the first results of
these measures. However, additional efforts are required to achieve a
sustainable turnaround, which is why we project revenues to come out at
about the prior year's level and negative EBIT in the low single digit
million Euro range for the year 2013,' said Ludwig Lutter, Chief Financial
Officer of Intershop Communications AG.
Accounting for over 50 % of total revenues in the first nine months of the
year, the Consulting segment again made the biggest revenue contribution at
EUR 19.6 million (previous year: EUR 21.6 million). While licensing
revenues improved moderately to EUR 2.6 million in the third quarter,
nine-month license revenues were still down by 25 % compared to the
previous year. Maintenance revenues declined slightly from EUR 6.8 million
in 2012 to EUR 6.5 million. Other revenues, which include the full-service
business, showed a clearly positive trend, growing by 79 % to EUR 6.6
million, which also reflects the increased online revenues of the
full-service clients. The Online Marketing segment reported a 4 % increase
to EUR 3.2 million.
The nine-month gross result dropped by 12 % to EUR 11.9 million, which is
equivalent to a gross margin of 31 %. While this is still below the
previous year's 35 %, it represents an improvement on the first six months
(29 %). The good performance in the third quarter, in which the gross
margin reached 34 %, underlines the positive trend. Operating expenses
climbed 13 % to EUR 15.1 million, which is attributable to sales and
marketing spending, which rose by 42 % to EUR 8.5 million. By contrast, R&D
expenses and administrative expenses were reduced by 29 % and 9 %,
respectively. EBIT and the net result amounted to EUR -3.3 million
(previous year: EBIT of EUR 0.1 million, net result of EUR 0.0 million).
Earnings per share stood at EUR -0.11, compared to EUR 0.00 in the previous
year (both diluted and basic).
Intershop still has no financial liabilities. Total assets declined by 11 %
to EUR 34.3 million, which is primarily due to a EUR 4.9 million reduction
in liquid funds to EUR 9.4 million. At 71 %, the equity ratio remains very
high.
Intershop CEO Jochen Moll commented on the recent developments: 'In the
latest study by US market research institute Forrester Research, our B2B
platform was rated as a market-leading technology. This will give our sales
and marketing efforts another boost. Moreover, we are generating more and
more new business through our global network of partners, which has been
extended successfully.'
The report on the first nine months of 2013 is available for downloading at
http://www.intershop.com/investors-financial-reports.
Contact:
Investor Relations
Heide Rausch
T: +49-3641-50-1000
F: +49-3641-50-1111
ir(at)intershop.com
End of Corporate News
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06.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Intershop Communications AG
Intershop Tower
07740 Jena
Germany
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, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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237982 06.11.2013
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