Ad-hoc | 1 August 2001 08:30

INTERSHOP Communications english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Intershop Reports Second Quarter 2001 Financial Results License Revenue Rises 37 % Sequentially, As Restructuring Flan Gains Traction Hamburg, Germany – Intershop Communications AG (Neuer Markt: ISH, NASDAQ: ISHP) today announced financial results for the second quarter of fiscal 2001, ended June 30, 2001. Second quarter revenue totaled Euro 22.0 million compared with revenue of Euro 32.6 million for the second quarter of 2000. Sequentially, second quarter revenue rose 8 percent to Euro 22.0 million compared with first quarter 2001 revenue of Euro 20.3 million. License revenues rose 37 percent to Euro 7.8 million compared with license revenue of Euro 5.7 million in the first quarter of 2001. Total gross margins as a percentage of total second quarter revenue rose to 47 percent, up from 28 percent in the first quarter 2001. Service gross margins as a percentage of second quarter service revenue (including other revenue) rose to 28 percent from 3 percent in the first quarter 2001. The Company reported a second quarter 2001 net loss of Euro 28.3 million or a loss of Euro 0.32 per share, compared to net income of Euro 1.3 million or Euro 0.01 per share in the second quarter of 2000. Sequentially, second quarter net loss improved by Euro 6.3 million or 18 percent compared with a net loss of Euro 34.6 million or a loss of Euro 0.39 per share. EBITDA (earnings before interest, taxes, depreciation and amortization) improved by 29 percent quarter- on-quarter to a Euro 22.2 million loss. Ongoing headcount reduction efforts during the second quarter resulted in Intershop total employee count ending June 30, 2001 at 1,101 employees, a net reduction of 67 positions or 6 percent from the end of the first quarter of 2001. Based on the significant progress Intershop has made in implementing the organizational changes, Intershop is committed to achieving EBITDA profitability on a quarterly basis by the end of 2001. However, visibility remains low because of ongoing weakness in global IT spending patterns. Looking to the full year 2001, Intershop forecasts total annual revenue will be below last year’s. Investor Relations: Klaus F. Grendel, T- +49-40-23709-128, F: +49-40-23709-111, k.gruendel@intershop.com end of ad hoc announcement (c) DGAP 01.08.2001 ——————————————————————————– WKN: 622700; Index: NEMAX 50 Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 010830 Aug 01