INTERSHOP Communications Reveals Preliminary Financial Figures for 2023

• Intershop Communications AG reported total consolidated revenues of EUR 38.0 million for the financial year 2023, a 3% increase from the previous year.
• The company's cloud revenues increased by 14% to EUR 16.2 million, but incoming cloud orders were below the previous year's level at EUR 19.7 million.
• Annual recurring revenues (ARR) grew by 13% to EUR 17.3 million.
• The operating result (EBIT) improved slightly to EUR -2.5 million, while the operating cash flow was a positive EUR 3.0 million, a 155% increase.
• 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.
• For the financial year 2024, Intershop expects both incoming cloud orders and net new ARR to increase slightly, and projects a moderate increase in revenues and a break-even operating result (EBIT).

The next important date, Press release on the annual financial report, at INTERSHOP Communications is on 14.02.2024.

The price of INTERSHOP Communications at the time of the news was 1,8525EUR and did not change compared to the previous day.
13 minutes after the article was published, the price was 1,8550EUR this corresponds to a plus of +0,13 % since publication.

INTERSHOP Communications

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ISIN:DE000A254211WKN:A25421

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