Ad-hoc | 27 April 2007 13:31
Intershop Communications AG / Restructure of Company
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Jena, April 27, 2007 – Intershop Communications AG (Prime Standard: ISH2)
today announced the launch of a comprehensive restructuring program.
Effective immediately, the following restructuring measures will be
implemented as part of this program:
- The sales management departments in Jena will be reduced from six to
three, with the aim of making sales more efficient through faster
decision-making processes and improved transparency in staff deployment, as
well as reducing management staff costs.
- The sales locations in France, Italy, and Austria will be closed. With
the exception of Germany, all European sales activities will focus on the
successful sales office in Belgium.
- Sales and marketing staff costs will be reduced considerably.
- All contract projects in development and support will be clearly reduced.
The planned savings according to preliminary estimate resulting from all
measures amount to approximately EUR 4.5 million per year. The Company
anticipates that the effects of the cost-cutting measures will already have
an impact in the third quarter of 2007.
The Company will announce further details of its global restructuring
program at its Annual Stockholders’ Meeting on May 9, 2007.
Investor Relations:
Annett Koerbs
T: +49-3641-50-1370
F: +49-3641-50-1309
ir@intershop.com
Public Relations:
Dana Schmidt
T: +49-3641-50-1000
F: +49-3641-50-1002
pr@intershop.com
DGAP 27.04.2007
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Language: English
Issuer: Intershop Communications AG
Intershop Tower
07740 Jena Deutschland
Phone: +49 (0)3641-50-0
Fax: +49 (0)3641-50-1002
E-mail: ir@intershop.de
www: www.intershop.de
ISIN: DE000A0EPUH1, DE000A0C4ZE3
WKN: A0EPUH, A0C4ZE
Indices: CDAX, PRIMEALL, TECHALLSHARE
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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