INTERSHOP Communications AG — Earnings Release 2006

Apr 27, 2006

News Details

Ad-hoc | 27 April 2006 08:15

Intershop Communications AG Reports First Quarter 2006 Financial Results

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Jena, Germany – April 27, 2006 – Intershop Communications AG (Prime Standard: ISH2) today announced financial results for the first quarter of 2006, ended March 31, 2006. First quarter 2006 revenue totaled Euro 5.1 million, compared with Euro 5.3 million in the fourth quarter of 2005 and Euro 4.4 million in the first quarter of 2005. License revenue rose by Euro 1.8 million in the first quarter of 2006 as against the fourth quarter of 2005 to Euro 1.6 million, compared with Euro 1.3 million in the first quarter of 2005. Total operating costs (cost of revenues plus operating expenses) were Euro 6.4 million in the first quarter of 2006, compared with Euro 4.6 million in the previous quarter and Euro 5.1 million in Q1 2005. Among other things, around Euro 0.4 million of this increase relates to the expenses from stock options required to be recognized due to the conversion to IFRSs. One-time expenses of around Euro 0.6 million were also incurred; in the fourth quarter of 2005, these were offset by one-time income of Euro 0.6 million. Intershop reported Euro 1.5 million in net loss in the first quarter of 2006 or Euro 0.08 per share, compared to a net income of Euro 0.2 million or a net income of Euro 0.02 per share in the fourth quarter of 2005. In comparison, Intershop’s net loss in the first quarter of 2005 was Euro 0.8 million or a net loss of Euro 0.09 per share. Intershop generated cash flow from operating activities of around Euro 0.2 million in the first quarter of 2006.Total cash, including cash and cash equivalents, marketable securities, and restricted cash climbed from Euro 13.5 million as of December 31, 2005 to Euro 13.6 million as of March 31, 2006. This includes unrestricted cash of Euro 7.4 million, which amounted to Euro 7.3 million at the end of the previous quarter. The full press release relating to this adhoc disclosure is available at www.intershop.com. Public Relations: Dana Schmidt T: +49-3641-50-1000 F: +49-3641-50-1002 pr@intershop.com Investor Relations: Annett Koerbs T: +49-3641-50-1370 F: +49-3641-50-1309 ir@intershop.com (c)DGAP 27.04.2006 ————————————————————————— language: English emitter: Intershop Communications AG Intershop Tower 07740 Jena Deutschland phone: +49 (0)3641-50-0 fax: +49 (0)3641-50-1002 email: ir@intershop.de WWW: www.intershop.de ISIN: DE000A0EPUH1, DE000A0C4ZE3 WKN: A0EPUH, A0C4ZE indexes: CDAX, PRIMEALL, TECHALLSHARE stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service —————————————————————————