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    DGAP-News  400  0 Kommentare Intershop publishes figures for first three months of 2015


    DGAP-News: Intershop Communications AG / Key word(s): Quarter Results
    Intershop publishes figures for first three months of 2015

    06.05.2015 / 08:24

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    - Positive trend in product revenues (licenses and maintenance) continues
    - Turnaround on EBITDA basis: EUR +0.7 million (PY: EUR -0.7 million)
    - EBIT improves but stays negative: EUR -0.4 million (PY: EUR -1.7
    million)
    - Liquidity increase thanks to positive operating cash flow

    Jena, 6 May 2015 - Intershop Communications AG (ISIN: DE000A0EPUH1), a
    leading independent provider of innovative solutions for omni-channel
    commerce, made great progress in the first quarter of 2015 in its
    transformation from a service company to an integrated omni-channel
    commerce solution provider. In spite of declining revenues, the performance
    of all business segments exceeded management's expectations.

    In total the Intershop Group generated revenues of EUR 10.0 million in the
    first three months of 2015, which represents a decline of 17% on the same
    period of the previous year. The drop in revenues is mainly attributable to
    the sale of the company's online marketing subsidiary, SoQuero in 2014, as
    well as to the fact that revenues with two long-standing key accounts
    declined. Adjusted for both effects, revenues increased by 6% due to a
    sharp rise in both product revenues and service revenues with new and
    existing customers.

    Based on the change of strategy, the positive trend in product revenues
    (licenses and maintenance) continued in the form of an 11% increase to EUR
    3.3 million. Licensing revenues accounted for approx. EUR 1.3 million of
    this amount, up 18% on the prior year quarter. Maintenance revenues rose by
    6% to EUR 2.0 million. Revenues in the services segment declined by 26% to
    EUR 6.7 million in the first three months of 2015, of which EUR 5.1 million
    related to consulting and training. These figures already reflect the
    reduced revenues from two key accounts mentioned above. Adjusted for these
    revenues, consulting revenues climbed 12%. At EUR 1.6 million, revenues in
    the full service segment were slightly lower than in the prior year period.

    In the context of the consistent adjustment of the cost structure,
    Intershop's earnings situation improved notably in the first quarter of
    2015. The reduction of the cost of revenues by 25% to EUR 6.1 million
    outpaced the decline in total revenues. As a result, the gross margin rose
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    DGAP-News Intershop publishes figures for first three months of 2015 DGAP-News: Intershop Communications AG / Key word(s): Quarter Results Intershop publishes figures for first three months of 2015 06.05.2015 / 08:24 --------------------------------------------------------------------- - Positive trend in product …