Intershop Communications AG
ISIN: DE000A254211
WKN: A25421
24 Juli 2024 07:20AM

EQS-News: Intershop publishes figures for the first half of 2024

Intershop Communications AG · ISIN: DE000A254211 · EQS - Company News
Land: Deutschland · Primärmarkt: Deutschland · EQS News ID: 1952627

EQS-News: Intershop Communications AG / Key word(s): Half Year Results
Intershop publishes figures for the first half of 2024

24.07.2024 / 07:20 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • Cloud business continues to grow: All key figures improved
  • Service business with significant revenue decline
  • Full-year forecast confirmed

Jena, 24 July 2024 – Intershop Communications AG (ISIN: DE000A254211), a global provider of B2B e-commerce solutions for the manufacturing and wholesale sectors, generated revenues of EUR 19.0 million in the first half of the financial year 2024 (previous year: EUR 19.4 million). In particular, the cloud business developed very positively, while the service segment fell short of expectations due to complex major projects.

Revenues from the strategically important cloud business rose by 32% to EUR 10.3 million (previous year: EUR 7.8 million). Cloud revenues accounted for 54% of total revenues, up 14 percentage points on the previous year’s 40%, and the cloud margin also climbed from 58% to 66%. Incoming cloud orders increased by 18% to EUR 11.4 million (previous year: EUR 9.7 million). Cloud ARR (annual recurring revenues) were up 18% to EUR 19.0 million (previous year: EUR 16.1 million). Net new ARR also developed favorably compared to the previous year and amounted to EUR 1.7 million (previous year: EUR 0.7 million).

Service revenues were below expectations with a decline of 28% to EUR 5.1 million (previous year: EUR 7.1 million). This is mainly due to the fact that the large projects started last year turned out to be more complex than planned. In addition, the partner network was increasingly used to implement new projects. As expected, license and maintenance revenues decreased by 19% to EUR 3.7 million (previous year: EUR 4.6 million) due to the strategic focus on the cloud business.

Gross profit on revenues remained unchanged from the previous year at approximately EUR 8.4 million. The gross profit margin increased by one percentage point to 44%. Operating expenses and income decreased by 4% to EUR 8.9 million (previous year: EUR 9.2 million). R&D expenses fell by 10% to EUR 3.1 million (previous year: EUR 3.5 million). Sales and marketing expenses decreased by 5% to EUR 3.9 million. General and administrative expenses of EUR 1.6 million were also down 2% year-on-year.

Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to EUR 1.1 million in the reporting period (previous year: EUR 0.9 million). Earnings before interest and taxes (EBIT) were slightly negative in the first half of 2024 at EUR -0.4 million (previous year: EUR -0.8 million). EBIT was affected by one-time expenses of EUR 0.4 million related to personnel measures. These costs are expected to be offset accordingly in the second half of the year. Earnings after taxes amounted to EUR -0.7 million in the first half of 2024 (previous year: EUR -1.1 million).

Markus Klahn, CEO of Intershop Communications AG: “The reluctance to invest due to the uncertain economic situation is still noticeable. Nevertheless, we were able to build on the positive start in the first quarter. Service and new customer business is currently not meeting our expectations, but we expect the current major projects to be completed in the coming months. We believe we are well on the way to establishing ourselves as a leading AI-based e-commerce platform in the medium term. External assessments by industry analysts, most recently by Forrester, also confirm this. In the future, we will bundle our AI activities in the new ‘Artificial Intelligence’ organizational unit in order to even further emphasize the strategic importance of artificial intelligence for Intershop. In this context, we will continue to expand our technology partnerships and plan to enter into new dedicated AI product partnerships with third-party vendors in the medium term.”

At the interim balance sheet date, equity capital amounted to EUR 10.7 million (31 December 2023: EUR 11.4 million). The equity ratio remained stable at 29% (31 December 2023: 30%). Cash flow from operating activities declined to EUR -0.7 million in the first six months from EUR 1.6 million in the same period of the previous year due to an increase in trade receivables. Cash and cash equivalents amounted to EUR 7.3 million as of the interim reporting date (31 December 2023: EUR 10.0 million).

For the full year 2024, the Management Board continues to expect a slight increase in both incoming cloud orders and net new ARR. The company also projects a moderate increase in revenues and a break-even operating result (EBIT).

The interim report for the first half of 2024 is available at https://www.intershop.com/financial-reports.

 

Contact:
Investor Relations
Mercedes Celine Zaremba
T: +49-3641-50-1000
ir@intershop.de

 

 



24.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Intershop Communications AG
Steinweg 10
07743 Jena
Germany
Phone: +49 (0)3641-50-0
Fax: +49 (0)3641-50-1309
E-mail: ir@intershop.de
Internet: www.intershop.de
ISIN: DE000A254211
WKN: A25421
Indices: CDAX, PRIMEALL, TECHALLSHARE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1952627

 
End of News EQS News Service

1952627  24.07.2024 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2018 2019 2020 2021 2022 2023 2024e
Umsatzerlöse1 31,20 31,62 33,61 36,00 36,80 37,99 40,00
EBITDA1,2 -3,70 -2,32 4,47 4,42 0,42 0,87 4,00
EBITDA-Marge3 -11,86 -7,34 13,30 12,28 1,14 2,29 10,00
EBIT1,4 -5,92 -6,47 1,04 1,31 -2,87 -2,53 0,50
EBIT-Marge5 -18,97 -20,46 3,09 3,64 -7,80 -6,66 1,25
Jahresüberschuss1 -6,74 -6,77 0,79 0,81 -3,56 -3,08 -0,20
Netto-Marge6 -21,60 -21,41 2,35 2,25 -9,67 -8,11 -0,50
Cashflow1,7 -4,14 -1,82 4,72 4,60 1,16 2,95 4,40
Ergebnis je Aktie8 -0,60 -0,17 0,06 0,06 -0,25 -0,21 -0,01
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben
Legende

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

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INVESTOR-INFORMATIONEN
©boersengefluester.de
Intershop
WKN ISIN Rechtsform Börsenwert IPO Einschätzung Plus Code
A25421 DE000A254211 AG 25,67 Mio € 16.07.1998 Kaufen 9F2HWHHR+CW
* * *
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV KBV KCV KUV
16,00 0,00 0,00 -12,22 2,22 8,70 0,68
Dividenden
Dividende '2022
in €
Dividende '2023
in €
Dividende '2024e
in €
Div.-Rendite '2024e
in %
0,00 0,00 0,00 0,00%
Finanztermine
Hauptversammlung Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
16.05.2025 30.04.2025 23.07.2025 23.10.2024 22.03.2024
Performance-Angaben
Abstand 60-Tage-Linie Abstand 200-Tage-Linie Performance YtD Kursveränderung 52 Wochen IPO
Akt. Kurs (EoD)
+0,57%
1,76 €
ATH 4.981,68 €
-3,83% -6,28% -16,19% -9,04% -99,08%

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