DGAP-News
Intershop publishes figures for Q1 2016 and confirms full-year forecast
DGAP-News: Intershop Communications AG / Key word(s): Quarter Results
Intershop publishes figures for Q1 2016 and confirms full-year forecast
04.05.2016 / 07:57
The issuer is solely responsible for the content of this announcement.
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Intershop publishes figures for Q1 2016 and confirms full-year forecast
04.05.2016 / 07:57
The issuer is solely responsible for the content of this announcement.
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- Revenues below previous year at EUR 7.3 million (-27%)
- Several projects postponed; strong order pipeline
- EBITDA, EBIT and net result still negative
- Full-year forecast confirmed: Revenues at prior year level and positive
EBIT
Jena, 4 May 2016 - Intershop Communications AG (ISIN: DE000A0EPUH1), a
leading independent provider of innovative solutions for omni-channel
commerce, generated revenues of EUR 7.3 million in the first quarter of
2016 (previous year: EUR 10.0 million). The reduced revenues do not reflect
the current order situation but are attributable to project delays
resulting from longer acquisition cycles. Several projects initiated by
Intershop are expected to be completed in the next few months.
Dr. Jochen Wiechen, CEO of Intershop Communications AG, says: "The figures
of the first quarter do not paint a realistic picture of Intershop's
current business trend. Due to our increased focus on product revenues,
where licensing revenues are collected immediately, fluctuations in
revenues resulting from order cycles spanning several quarters are not
unusual. It is the forecast for the full year which counts for our
investors, and this forecast is confirmed in view of our strong order
pipeline."
Intershop's strategically important product revenues amounted to EUR 2.7
million in the first three months of the year (previous year: EUR 3.3
million); service revenues came in at approx. EUR 4.5 million in the first
quarter, compared to EUR 6.7 million in the prior year period. Product
revenues as a percentage of total revenues thus increased from 33% to 38%.
The gross margin was up by five percentage points on the previous year to
44%. At EUR 4.6 million, operating expenses were up by 6% on the prior year
period, which is mainly attributable to short-time work in the prior year
quarter. Earnings before interest and taxes (EBIT) were negative at EUR
-1.4 million (previous year: EUR -0.4 million) due to the lower revenue
base. Before deduction of depreciation/amortisation, which was lower than
in the previous year, EBITDA amounted to EUR -0.8 million (previous year:
EUR 0.7 million). Earnings after taxes stood at EUR -1.5 million, compared
to EUR -0.5 million in the prior year quarter. Earnings per share amounted
- Several projects postponed; strong order pipeline
- EBITDA, EBIT and net result still negative
- Full-year forecast confirmed: Revenues at prior year level and positive
EBIT
Jena, 4 May 2016 - Intershop Communications AG (ISIN: DE000A0EPUH1), a
leading independent provider of innovative solutions for omni-channel
commerce, generated revenues of EUR 7.3 million in the first quarter of
2016 (previous year: EUR 10.0 million). The reduced revenues do not reflect
the current order situation but are attributable to project delays
resulting from longer acquisition cycles. Several projects initiated by
Intershop are expected to be completed in the next few months.
Dr. Jochen Wiechen, CEO of Intershop Communications AG, says: "The figures
of the first quarter do not paint a realistic picture of Intershop's
current business trend. Due to our increased focus on product revenues,
where licensing revenues are collected immediately, fluctuations in
revenues resulting from order cycles spanning several quarters are not
unusual. It is the forecast for the full year which counts for our
investors, and this forecast is confirmed in view of our strong order
pipeline."
Intershop's strategically important product revenues amounted to EUR 2.7
million in the first three months of the year (previous year: EUR 3.3
million); service revenues came in at approx. EUR 4.5 million in the first
quarter, compared to EUR 6.7 million in the prior year period. Product
revenues as a percentage of total revenues thus increased from 33% to 38%.
The gross margin was up by five percentage points on the previous year to
44%. At EUR 4.6 million, operating expenses were up by 6% on the prior year
period, which is mainly attributable to short-time work in the prior year
quarter. Earnings before interest and taxes (EBIT) were negative at EUR
-1.4 million (previous year: EUR -0.4 million) due to the lower revenue
base. Before deduction of depreciation/amortisation, which was lower than
in the previous year, EBITDA amounted to EUR -0.8 million (previous year:
EUR 0.7 million). Earnings after taxes stood at EUR -1.5 million, compared
to EUR -0.5 million in the prior year quarter. Earnings per share amounted
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