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Intershop publishes preliminary figures for financial year 2014
DGAP-News: Intershop Communications AG / Key word(s): Final Results
Intershop publishes preliminary figures for financial year 2014
18.02.2015 / 08:17
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- Net revenues of EUR 46.2 million down 14% on the previous year
- Gross margin increased; negative earnings trend slowed down in Q4
- Lower revenues and investments result in EBIT of EUR -6.3 million
Jena, 18 February 2015 - Intershop Communications AG (ISIN: DE000A0EPUH1),
a leading independent provider of innovative solutions for omni-channel
commerce, generated net revenues of EUR 46.2 million in the financial year
2014, down 14% on the previous year. This decline was primarily
attributable to lower revenues with some large customers, which could only
partially be offset by the comparatively strong new business. The increased
focus on product business and the resulting broadening of the customer base
showed a positive effect on the new customers acquired in 2014. Intershop
won twice as many new customers than in the previous year.
At 6.2 million, licensing revenues were almost unchanged on the previous
year (-2%). In spite of the stronger focus on licensing business, the
clearly positive trend of the year did not continue in the last quarter.
Although Intershop reported licensing revenues of EUR 2.5 million in the
fourth quarter, which were the highest quarterly licensing revenues
generated in 2014, they remained behind the very strong previous year's Q4
level. Intershop expects total licensing revenues to increase again in
2015. In the financial year 2014, the Consulting segment again made the
biggest revenue contribution. At EUR 23 million (-11%), it accounted for
approximately half of the net revenues. Maintenance revenues and other
revenues amounted to EUR 7.5 million (-10%) and EUR 6.3 million (-28%),
respectively. The online marketing subsidiary SoQuero sold with effect of
September 30, 2014 reported revenues of EUR 3.2 million (full year 2013:
EUR 4.4 million) for this period of time.
Earnings in the fourth quarter improved significantly compared to previous
quarters. In the last three months of the year, the gross margin increased
to 44%, while operating expenses declined. Adjusted for one-time expenses
due to bad debt, Intershop reported a break-even operating result (EBIT) in
the last quarter of 2014. In the full year, the gross margin improved from
35% to 36%. EBIT amounted to EUR -6.3 million in the financial year 2014,
- Net revenues of EUR 46.2 million down 14% on the previous year
- Gross margin increased; negative earnings trend slowed down in Q4
- Lower revenues and investments result in EBIT of EUR -6.3 million
Jena, 18 February 2015 - Intershop Communications AG (ISIN: DE000A0EPUH1),
a leading independent provider of innovative solutions for omni-channel
commerce, generated net revenues of EUR 46.2 million in the financial year
2014, down 14% on the previous year. This decline was primarily
attributable to lower revenues with some large customers, which could only
partially be offset by the comparatively strong new business. The increased
focus on product business and the resulting broadening of the customer base
showed a positive effect on the new customers acquired in 2014. Intershop
won twice as many new customers than in the previous year.
At 6.2 million, licensing revenues were almost unchanged on the previous
year (-2%). In spite of the stronger focus on licensing business, the
clearly positive trend of the year did not continue in the last quarter.
Although Intershop reported licensing revenues of EUR 2.5 million in the
fourth quarter, which were the highest quarterly licensing revenues
generated in 2014, they remained behind the very strong previous year's Q4
level. Intershop expects total licensing revenues to increase again in
2015. In the financial year 2014, the Consulting segment again made the
biggest revenue contribution. At EUR 23 million (-11%), it accounted for
approximately half of the net revenues. Maintenance revenues and other
revenues amounted to EUR 7.5 million (-10%) and EUR 6.3 million (-28%),
respectively. The online marketing subsidiary SoQuero sold with effect of
September 30, 2014 reported revenues of EUR 3.2 million (full year 2013:
EUR 4.4 million) for this period of time.
Earnings in the fourth quarter improved significantly compared to previous
quarters. In the last three months of the year, the gross margin increased
to 44%, while operating expenses declined. Adjusted for one-time expenses
due to bad debt, Intershop reported a break-even operating result (EBIT) in
the last quarter of 2014. In the full year, the gross margin improved from
35% to 36%. EBIT amounted to EUR -6.3 million in the financial year 2014,
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