EQS-News

Intershop publishes preliminary figures for the financial year 2023 - Seite 2

Earnings before interest and taxes (EBIT) improved slightly compared to the previous year to EUR -2.5 million (2022: EUR -2.9 million). The main reason for the renewed negative result are insufficient revenues in the financial year 2023 due to the noticeable reluctance of potential customers to invest in view of the macroeconomic uncertainties. The EBIT margin was -7% compared to -8% in the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased to EUR 0.9 million (2022: EUR 0.4 million). Earnings after taxes amounted to EUR -3.1 million (2022: EUR -3.6 million).

Gross profit on revenues rose slightly to EUR 15.8 million in the reporting period (2022: EUR 15.7 million). At 42%, the gross margin was thus one percentage point lower than in the previous year. Operating expenses decreased slightly to EUR 18.3 million (2022: EUR 18.6 million). At EUR 6.9 million, R&D expenses remained at the previous year's level. Marketing and selling expenses increased by 3% to EUR 8.4 million. General administrative expenses decreased slightly to EUR 3.2 million (2022: EUR 3.3 million).

Total assets of the Intershop Group amounted to EUR 38.0 million as of 31 December 2023, compared to EUR 41.3 million at the end of 2022. The decrease was mainly due to the negative result for the year. The equity ratio stood at a solid 30% as of 31 December 2023 (31 December 2022: 34%). Cash and cash equivalents amounted to EUR 10.0 million at the balance sheet date (31 December 2022: EUR 10.5 million). Cash flow from operations improved to EUR 3.0 million in the reporting period, compared to EUR 1.2 million in the previous year. As of 31 December 2023, Intershop employed a total of 299 people worldwide.

Markus Klahn, CEO of Intershop Communications AG: “We are successfully continuing to grow our cloud business and are resolutely driving forward our cloud transformation. Even though the reluctance to invest in the B2B sector posed challenges for Intershop’s performance in 2023 and will continue to do so, especially in terms of incoming orders, the digital transformation is progressing steadily. Our software platform in the B2B commerce segment is one of the leading solutions on the market, as demonstrated by the recently published IDC MarketScape. To better leverage this strength in the new financial year, we have expanded our Value Creation Program to improve the profitability of our business model. We therefore look forward to the new year with confidence.”