Ad-hoc | 19 November 2018 16:39

Intershop refines 2018-2020 outlook in the context of cloud transformation and adjusts 2018 forecast

Intershop Communications AG / Key word(s): Change in Forecast
Intershop refines 2018-2020 outlook in the context of cloud transformation and adjusts 2018 forecast

19-Nov-2018 / 16:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Jena, 19 November 2018 – The Management Board of INTERSHOP Communications AG (ISIN: DE000A0EPUH1) today reviewed the 2018 forecast and approved the 2019 and 2020 planning figures in the context of the faster-than-expected cloud transformation. Meanwhile, the shifts from non-recurring license revenues to recurring cloud revenues are more pronounced than previously assumed. As planned, this will initially have a negative impact on earnings in the course of the transformation process, before cloud revenues will have reached the critical size in 2019 and rising revenues will be realized again.
In view of the accelerated transformation, management now expects a 10% to 15% decline in revenues as well as negative earnings before interest and taxes (EBIT) in the medium single-digit euro million range in the 2018 fiscal year. Previously, the company had projected slightly lower revenues than in the previous year and negative EBIT in the low single-digit euro million range. For the 2019 fiscal year, the company plans to increase sales again along with a still slightly negative operating result. For 2020 fiscal year, Intershop confirms its medium-term target to generate revenues of EUR 50 million and an EBIT margin of 5%.

Contact:
Investor Relations
Heide Rausch
T: +49-3641-50-1000
F: +49-3641-50-1309
ir@intershop.com

19-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Intershop Communications AG
	Intershop Tower
	07740 Jena
	Germany
Phone:	+49 (0)3641-50-0
Fax:	+49 (0)3641-50-1309
E-mail:	ir@intershop.de
Internet:	www.intershop.de
ISIN:	DE000A0EPUH1
WKN:	A0EPUH
Indices:	CDAX, PRIMEALL, TECHALLSHARE
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

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