Corporate | 10 November 2010 08:24
Intershop Communications AG / Key word(s): Quarter Results
10.11.2010 08:24
---------------------------------------------------------------------------
- Q3 net revenues increase by 50% to EUR 10.5 million
- Net revenues after nine months at EUR 27.7 million (+34%)
- Total earnings after tax of EUR 1.0 million considerably up year-on-year
- Liquidity risen significantly
Jena, November 10, 2010 - Today, Intershop Communications AG, supplier of
integrated e-commerce solutions, announced its results for the first nine
months of 2010.
The company achieved EUR 10.5 million in net revenues in the third quarter
of 2010 and therefore increased the accumulated net revenues after nine
months by 34% to EUR 27.7 million. Main driver behind this considerable
rise was again the strong consultancy business (+59%), especially with
large existing customers (platinum accounts). In addition, maintenance
(+9%) and online marketing (+57%) contributed to growth. Licensing business
went up significantly compared to the previous quarter but fell short of
expectations for the first nine months (-24%).
Gross profit after nine months rose by 32% to EUR 11.6 million and the
gross margin was 42%. Research and development expenses went up by 29% to
EUR 3.7 million year-on-year, mainly as a result of investments in product
innovation and the increase of resources. General administrative expenses
went up from EUR 3.0 million to EUR 3.9 million, partly due to
extraordinary items such as costs for the extraordinary general meeting in
spring as well as legal and consulting fees. Sales and marketing expenses
fell 8% short of the previous year's value.
The operating result (EBIT) amounted to EUR 1.1 million compared to kEUR
-628 in the first nine months of 2009. Earnings before interest, taxes,
depreciation and amortization (EBITDA) came to EUR 2.8 million in the
reporting period after EUR 0.6 million in the previous year. As of
September 30, 2010, cash and cash equivalents rose significantly by EUR 8.9
million to EUR 14.2 million. This rise was primarily attributable to
operating cash flow of EUR 5.4 million and two capital increases carried
out in the first half of the year.
The equity ratio increased from 64% at the end of 2009 to 68% on September
30, 2010.
For the entire year 2010, the Management Board confirms its forecast for
revenues growth of around 20% and a positive operating result.
The 9-Month-Report 2010 can be downloaded at
http://www.intershop.com/investors-financial-reports.html .
Investor Relations
Stephan Leschke
Tel: +49.3641.50-1371 ir@intershop.com,
http://www.intershop.com/investor-relations.html
10.11.2010 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: 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 Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of Announcement DGAP News-Service
---------------------------------------------------------------------------