DGAP-News: Intershop further increases revenues and EBIT in the first half of 2011
(firmenpresse) - DGAP-News: Intershop Communications AG / Key word(s): Half Year
Results
Intershop further increases revenues and EBIT in the first half of
2011
10.08.2011 / 08:30
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- Net revenues increase by 39% to EUR 23.0 million
- EBIT of EUR 766 thousand - a rise of 82%
- Best interim financial performance in eight years
Jena, August 10, 2011 - Today, Intershop Communications AG (ISIN:
DE000A0EPUH1), supplier of integrated e-commerce solutions, announced its
financial performance for the first six months of 2011.
The Company increased its net revenues by 39% to EUR 23.0 million; all
segments contributed to revenues growth. This positive development is due
to the expansion of business with existing major customers (platinum
accounts) as well as the acquisition of further projects.
License revenues increased to EUR 1.8 million, corresponding to a rise of
43%. Revenues from consultancy and training, the largest segment with a
share of 56% in total net revenues, jumped by 53% to EUR 12.9 million.
Maintenance revenues increased by 7% to EUR 5.1 million, whereas online
marketing revenues grew by 37% to EUR 1.6 million year-on-year in the first
half of 2011. Other revenues (full service and transaction platform) also
rose by 68% to EUR 1.6 million.
Gross profit for the first six months of the year came out at EUR 8.8
million, corresponding to a gross margin of 38%. Earnings before interest,
taxes, depreciation and amortization (EBITDA) amounted to EUR 1.4 million
while the result from operating activities (EBIT) amounted to EUR 766
thousand representing an EBIT margin of 3.3%. Intershop generated total
earnings after tax of EUR 1,112 thousand, a 182% rise compared to the
previous year's figure of EUR 395 thousand. Earnings per share, therefore,
came to EUR 0.04 (diluted and undiluted) compared to EUR 0.01 in the
previous year's period.
Research and development (R&D) expenses went up by 35% to EUR 2,318
thousand. This rise was primarily due to the expansion of this sector's
workforce as well as the increased involvement of third parties.
The Company heavily invested in the sales and marketing, where expenses
amounted to EUR 3,076 thousand compared to EUR 1,897 thousand in the
previous year period resulting from additional marketing activities and
higher investments in the sales partner network. By increasing its
investments in these areas, the Company aims to strengthen and accelerate
its future growth.
General administrative expenses remained almost constant at EUR 2,723
thousand despite the large increase in business activities.
Total assets went up from EUR 36.2 million at the end of 2010 to EUR 39.3
million as of June 30, 2011. The equity ratio remained high at 66% (68% at
the end of 2010). Cash and cash equivalents amounted to EUR 16.3 million,
which is almost unchanged to the reporting date on December 31, 2010.
Ludwig Lutter, CFO: 'At the end of the first half of 2011, Intershop's net
assets and financial position remains solid. In retrospect, both revenues
and profit growth show that the Management Board has made the right
decisions in a difficult and volatile market environment. Our considerable
and sustained investments in research and development as well as our
workforce shows that we are executing on our plan to continue to pursue our
current growth path.'
Intershop closed important new contracts in the first half of 2011. The
Company renewed a framework agreement with Otto Group, one of its largest
customers for many years, with a term of three years and a sales volume in
the mid seven-digit Euro range. In addition, Intershop received another
service contract from its strategic partner GSI with through the end of
2011, which will also generate revenues in the mid seven-digit euro range
if all services will be executed. The contract with the leading global
supplier of assembly and fastening materials, Adolf Würth GmbH&Co. KG,
was expanded considerably and Deutschen Bahn AG's online travel agency
'start.de' became a new customer of SoQuero GmbH, a wholly owned subsidiary
of Intershop Communications AG.
Ludwig Lutter, CFO: 'Regarding the outlook for fiscal 2011, the Executive
Board confirms its forecast for revenue growth between 10% and 20% and an
operating result in the same range as in 2010.'
The 6-Month-Report 2011 can be downloaded at
http://www.intershop.com/investors-financial-reports.html.
Contact:
Investor Relations
Stephan Leschke
Phone: +49-3641-50-1371
Fax: +49-3641-50-1309
ir(at)intershop.com
End of Corporate News
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10.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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135041 10.08.2011
Datum: 10.08.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 44327
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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