DGAP-News: Intershop maintains growth course in first quarter
(firmenpresse) - DGAP-News: Intershop Communications AG / Key word(s): Quarter Results
Intershop maintains growth course in first quarter
09.05.2012 / 08:35
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- Intershop 7 launch great success
- Revenues increase by 17% to EUR 13.3 million
- Positive operating cash flow of EUR 2.3 million
Jena, May 9, 2012 - Intershop Communications AG (ISIN: DE000A0EPUH1), a
provider of integrated e-commerce solutions, registered net revenues of EUR
13.3 million in the first quarter of 2012, an increase of 17% on the
prior-year period. This result in the generally weaker first quarter
business period is a clear vindication of the company's sound growth
course. The increase in revenues was driven by the positive development of
business with major strategic customers (platinum accounts) and by the
company's steady performance in acquisitions.
Ludwig Lutter, CFO at Intershop: 'The first quarter was dominated by the
launch of our new Intershop 7 software and by the associated marketing
expenses. Our business performance is well on track. I am particularly
pleased with the fact that we were able to maintain the high revenue level
from Q4 into Q1 which is historically the slowest quarter of the year.
Furthermore our EBIT came out somewhat better than anticipated despite some
one-off expenses.'
Growth during the first three months of 2012 was driven by both licensing
revenues and revenues from services resulting from the company's e-commerce
business. The largest share once again came from consultancy services,
which accounted for EUR 7.8 million, or approximately 59%, of total net
revenues. In the first quarter of 2012, this segment saw business grow 21%
year-to-year. License revenues climbed 10% to EUR 1.1 million. The
company's Other Business segment which includes Full Service and TheBakery
business also saw very substantial growth (+126% to EUR 1.2 million). The
Online Marketing segment grew by 17% to EUR 950 thousand.
Gross profit rose by 10% to EUR 4.7 million, and the gross profit margin
came to 35%, slightly lower than prior year's number. EBIT (earnings before
interest and tax) were EUR -160 thousand, down as expected on the prior-year
figure of EUR 319 thousand. The period's net loss totaled EUR 150 thousand
compared to a profit of EUR 322 thousand in the prior year. The company had
planned for a slightly negative quarterly result because the first three
months of the year entailed increased marketing expenses for the launch of
Intershop's new software, in addition to some one-time expenses.
Nevertheless, the operating expense ratio was just slightly up year-to-year
from 36% to 38%.
The balance sheet total on the reporting date March 31, 2012 reveals an
exceptionally stable net asset position. At 66%, Intershop's equity ratio
is very high, and the company remains free of liabilities to financial
institutions. Cash and cash equivalents rose by 6% to EUR 17.9 million, and
Intershop generated operating cash flow of EUR 2.3 million in the first
quarter of 2012.
The extension of the framework agreement with Australian telecommunications
group Telstra, with a total value of EUR 11 million, and a host of other
new projects provide the company with a positive outlook for the coming
months.
Jochen Moll, new spokesman for the Executive Board at Intershop, adds: 'Our
outlook for 2012 remains upbeat. We will continue to expand our operative
business with existing customers, and the new e-commerce software we
launched in March had a very positive reception. Therefore, we confirm our
full year guidance of 10-20 % increase in revenues and earnings and we plan
to expand our market share by adding new international customers.'
The 3-Month-Report 2012 can be downloaded at
http://www.intershop.com/investors-financial-reports.html.
Contact:
Investor Relations
Heide Rausch
T: +49-3641-50-1000
F: +49-3641-50-1001
ir(at)intershop.com
End of Corporate News
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09.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory 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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