DGAP-News: Intershop again increases revenues in second quarter 2010
(firmenpresse) - Intershop Communications AG / Half Year Results
11.08.2010 08:18
Dissemination of a Corporate News, transmitted by
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- Net revenues in Q2 rise to EUR 8.9 million- an increase of 32% compared
to Q2 2009
- With net revenues of EUR 17.2 million, best half-year performance for
seven years
- EBIT increases by 37% in the first half-year compared to the same
period in the previous year
Jena, August 11th, 2010 - Intershop Communications AG, a provider of
integrated e-commerce solutions, today published its results for the first
half of 2010.
The company achieved net revenues of EUR 8.9 million in the second quarter
of 2010, thus again exceeding the record revenues of EUR 8.3 million in the
first quarter. The cumulative net revenues of EUR 17.2 million represent
the best half-year performance since 2003. The increase of 26% on the same
period of the previous year was primarily achieved due to the expansion of
business with major existing customers (Platinum Accounts).
Gross profit after six months rose by 22% from EUR 6.0 million to EUR 7.3
million. The gross margin was 43%. Operating expenses increased from EUR
5.7 million to EUR 6.9 million, of which around EUR 0.4 million was
attributable to special factors such as costs for the extraordinary
shareholders' meeting as well as legal and consulting fees.
EBITDA improved from EUR 1.1 million in the same period of the previous
year to EUR 1.5 million. At EUR 420 thousand, the operating result (EBIT)
exceeded the level of the first half-year 2009 (EUR 306 thousand) by 37%.
Adjusted by special factors, the half-year EBIT is around EUR 820 thousand
and thus 170% higher than the corresponding figure for the previous year.
The net result for the period was EUR 395 thousand following EUR 440
thousand in the previous year - this reflects the significantly increased
investments. The focus of the investment is, on the one hand, intensifying
relations with existing Platinum accounts and, on the other hand, the
acquisition of new Platinum accounts.
Cash and cash equivalents as of 30 June 2010 rose significantly by EUR 9.7
million to EUR 16.0 million. The increase resulted primarily from the
operating cashflow of EUR 6.7 million as well as from two capital increases
in the second quarter.
Taking into account these positive developments in the second quarter of
2010, the Board of Management is now forecasting growth in revenues of
around 20% for the year as a whole. Given the higher investment in the
sustainable development of the company, results will not initially be able
to reflect this surge in growth and will stabilize at the positiv level of
the previous year.
Investor Relations
Stephan Leschke
Tel: +49.3641.50-1371 ir(at)intershop.de, www.intershop.de/investors
11.08.2010 08:18 Ad hoc announcement, Financial News and Press 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 Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of News DGAP News-Service
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Datum: 11.08.2010 - 08:18 Uhr
Sprache: Deutsch
News-ID 31952
Anzahl Zeichen: 0
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Kategorie:
Business News
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