Ad-hoc | 13 May 2009 08:36
Intershop Communications AG / Quarter Results
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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- Revenues on a level with previous year
- Gross margin up from 35% to 43%
- Consolidated profit before acquisitions of EUR 0.25 million
- Unrestricted cash up EUR 0.7 million to EUR 8.7 million
Jena (Germany), May 13, 2009 - Intershop Communications AG, a provider of
integrated e-commerce solutions, today published its results for the first
quarter of 2009.
At EUR 6.8 million, net revenues in the first three months of 2009 were on
a level with the previous year (EUR 6.9 million), despite the substantial
deterioration in the economic environment. Revenues from services and
maintenance, which account for the lion's share of this figure, increased
by 3% to EUR 6.1 million. License revenues amounted to EUR 0.8 million,
compared with EUR 1.1 million in the first quarter of 2008. Overall, the
gross margin (gross profit/net revenues) improved from 35% in the
prior-year period to 43%.
Consolidated profit reflects increased research and development expenses
and the acquisition in February 2009 of an interest in the Berlin software
house TheBakery. Excluding the acquisition, Intershop's profit for the
quarter amounted to EUR 0.25 million; after adjustment for the transaction,
its consolidated profit was EUR 0.1 million. This means that Intershop
generated a profit for the seventh successive quarter.
As in previous quarters, Intershop again improved its liquidity situation
in Q1 2009. Unrestricted cash rose by around EUR 0.7 million compared with
the end of 2008 to EUR 8.7 million. As of March 31, 2008, this item
amounted to EUR 6.9 million. Equity increased from EUR 16.3 million at
December 31, 2008 to EUR 16.6 million at the end of the first quarter. This
corresponds to an equity ratio of 63%.
The full press release relating to this adhoc disclosure is available at
www.intershop.com.
Investor Relations:
Stephan Leschke
T: +49-3641-50-1371
F: +49-3641-50-1309
ir@intershop.com
Public Relations:
Dr. Ute Danz
T: +49-3641-50-1000
F: +49-3641-50-1002
pr@intershop.com
13.05.2009 Financial News transmitted by DGAP
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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
Internet: www.intershop.de
ISIN: DE000A0EPUH1, DE000A0C4ZE3
WKN: A0EPUH, A0C4ZE
Indices: CDAX, PRIMEALL, TECHALLSHARE
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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