DGAP-News: Intershop significantly increases revenues and EBIT in Q1 2011
(firmenpresse) - DGAP-News: Intershop Communications AG / Key word(s): Quarter Results
Intershop significantly increases revenues and EBIT in Q1 2011
11.05.2011 / 08:22
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- Net revenues rise by 43% to EUR 11.4 million
- EBIT increase by 251% to EUR 319 thousand
- Important agreements concluded in the first quarter
Jena, May 11, 2011 - Intershop Communications AG (ISIN: DE000A0EPUH1), a
provider of integrated e-commerce solutions, today published its results
for the first quarter of 2011.
Net revenues in the first three months increased considerably from EUR 8.0
million to EUR 11.4 million, rising by 43% year-on-year. Positive
developments in the business with platinum accounts were the main driver
for the sharp growth in revenues. All business units contributed to the
rise in revenues, with the consultancy business recording the strongest
growth of 72% and achieving total revenues of EUR 6.5 million. License
revenues grew by 22% to EUR 1.0 million, maintenance revenues rose by 8% to
EUR 2.5 million. Online marketing recorded an increase in revenues by 47%,
totaling EUR 0.8 million.
Gross profit increased by 33% to EUR 4.3 million, corresponding to a gross
margin of just under 38% (previous year: 40%). Earnings before interest,
taxes, depreciation and amortization (EBITDA) were EUR 619 thousand
(previous year: EUR 652 thousand); results from operating activities (EBIT)
rose steeply by 251% to EUR 319 thousand. Net profit for the period
increased from EUR 77 thousand to EUR 322 thousand. Due to the higher
number of shares, earnings per share (basic and diluted) remained stable at
EUR 0.01.
Investments in the future influence expenses
Operating expenses totaled EUR 3.8 million in the first quarter, rising 33%
year-on-year, mainly as a result of the Company's investments in
innovation. In the past twelve months, the number of employees at Intershop
increased from 82 to 401 as of March 31, 2011. Research and development
expenses went up by 7% to EUR 961 thousand as a result from rising
personnel expenses. Sales and marketing expenses amounted to EUR 1.5
million, a considerable increase by 63%. This development was mainly due to
rising expenses for sales partners and the stronger focus on market
observation.
Total assets of Intershop as of March 31, 2011, totaled EUR 39 million,
corresponding to an 8% increase compared to the end of the 2010. The equity
ratio remained at a high level, standing at 64% (after 68% at the end of
2010). Cash and cash equivalents decreased slightly from EUR 16.4 million
to EUR 14.8 million as of the reporting date of the interim financial
statements. Overall, Intershop had a very strong assets and financial
position at the end of the first quarter.
New contracts and customers secure future growth
Intershop concluded important new contracts in the first quarter of 2011.
For example, Intershop renewed a framework agreement with Otto Group, which
has been one of the company's key accounts for years. The agreement has a
term of three years and covers net sales in the mid seven-digit Euro range.
Intershop was also awarded a new service contract until the end of 2011
from the strategic partner GSI. If all services are used, this contract
will also generate sales in the mid seven-digit Euro range. Winning over
CANCOM group as a new platinum account marked another success for
Intershop.
For the entire year 2011, the Management Board confirmed its forecast for
revenues growth of 10% to 20% and a positive operating result at the
previous year's level.
The Three Months Report 2011 can be downloaded at
http://www.intershop.de/investoren-finanzberichte.html.
Contact:
Investor Relations
Stephan Leschke
Phone: +49-3641-50-1371
Fax: +49-3641-50-1309
ir(at)intershop.de
End of Corporate News
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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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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123969 11.05.2011
Datum: 11.05.2011 - 08:22 Uhr
Sprache: Deutsch
News-ID 34026
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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