DGAP-News
Intershop reports positive performance for Q1 2017
DGAP-News: Intershop Communications AG / Key word(s): Quarter Results
- Strategy program "Lighthouse 2020" taking effect |
Jena, 3 May 2017 - Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omni-channel commerce, recorded a strong 26% increase in revenues to EUR 9.1 million in the first quarter of 2017. Revenues of EUR 7.3 million had been generated in the weak prior year quarter. The good performance at the beginning of 2017 is attributable to a positive business trend in all of the Group's revenue areas.
The strategically important product revenues rose by 49% from EUR 2.7 million to EUR 4.1 million, while service revenues increased by 12% to EUR 5.1 million. Product revenues accounted for 45% of total revenues (previous year: 38%).
While the gross margin climbed from 44% to 49% in the reporting period, operating expenses declined by 7% from EUR 4.6 million to EUR 4.3 million. As announced, the financial scope resulting from the savings was used to develop and implement new market-oriented sales and marketing measures to intensify the cloud and industry focus.
At EUR 0.2 million, Intershop generated moderately positive earnings before interest and taxes (EBIT) in the first quarter of 2017 (previous year: EUR -1.4 million), which is equivalent to an EBIT margin of 2% (previous year: -19%). Operating earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 0.8 million, compared to EUR -0.8 million in the first quarter of 2016. The result for the period came in at EUR 0.1 million (previous year: EUR -1.5 million), resulting in earnings per share of EUR 0.00 (previous year: EUR -0.05).