EQS-News

Intershop publishes preliminary figures for the financial year 2023

EQS-News: Intershop Communications AG / Key word(s): Annual Results Intershop publishes preliminary figures for the financial year 2023 14.02.2024 / 07:20 CET/CEST The issuer is solely responsible for the content of this announcement. Cloud revenues up 14% to EUR 16.2 million; at EUR 19.7 million, incoming cloud orders below previous year’s high level (EUR 25.9 million) Annual recurring revenues (ARR) grow by 13% to EUR 17.3 million Total revenues up 3% to EUR 38.0 million Slightly improved operating result (EBIT) of EUR -2.5 million Clearly positive operating cash flow of EUR 3.0 million (+155%) Jena, 14 February 2024 – Intershop Communications AG (ISIN: DE000A254211), a global provider of B2B commerce solutions for the manufacturing and wholesale sectors, generated total consolidated revenues of EUR 38.0 million in the financial year 2023 (2022: EUR 36.8 million). Despite macroeconomic uncertainties and the resulting reluctance to invest in the IT sector, Intershop continued to grow its revenues in the strategically important cloud segment. Earnings before interest and taxes (EBIT) amounted to EUR -2.5 million (2022: EUR -2.9 million). Revenues in the cloud and subscription segment increased by 14% to EUR 16.2 million in the past financial year (2022: EUR 14.2 million). Annual recurring revenues (ARR) increased by 13% to EUR 17.3 million. In contrast, incoming cloud orders fell by 24% to EUR 19.7 million, while net new ARR decreased by 40% to EUR 1.9 million in the reporting period. As a result of the reluctance of potential new customers to invest, the expected increase in orders, particularly for the fourth quarter, did not materialize to the extent planned. In line with plans, license and maintenance revenues decreased slightly to EUR 8.2 million (2022: EUR 9.5 million) in the course of the transformation from license to cloud business. Service revenues increased by 4% to EUR 13.6 million (2022: EUR 13.1 million). The measures introduced to ensure more efficient project completion and new major projects led to a more stable utilization of the service team.