INTERSHOP Communications AG — Earnings Release 2008

Nov 6, 2008

News Details

Ad-hoc | 6 November 2008 08:37

Intershop powers ahead – strong third quarter

Intershop Communications AG / Quarter Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

• EBIT margin of 9% in third quarter
• Unrestricted cash and equity ratio rise further

Jena, Germany, November 6, 2008 – Intershop Communications AG (Prime
Standard: ISH2) today announced its results for the third quarter and the
first nine months of fiscal year 2008.

Revenues
Intershop achieved gross revenues of EUR 24.1 million in the first nine
months of 2008, representing an increase of 7% (previous year: EUR 22.5
million). Total net revenues rose by 5%, from EUR 19.7 million to EUR 20.8
million. Net revenues from services, maintenance, and other included in
this figure increased by 14%, from EUR 15.6 million to EUR 17.8 million.
Total gross revenues for the quarter rose from EUR 7.9 million in the third
quarter of 2007 to EUR 8.0 million in the third quarter of 2008.

Earnings
Intershop generated positive nine-month results for the first time. The
Company's result from operating activities (EBIT) from January to September
amounted to EUR 1.5 million, while the EBIT margin reached 7%. In the
prior-year period EBIT amounted to EUR -2.4 million and the EBIT margin was
-12%. Profit after tax totaled EUR 1.1 million after the first nine months
of 2008, while earnings per share were EUR 0.04. In the comparative period
of the previous year the loss after tax was EUR 2.5 million, while the loss
per share was EUR 0.10.
Seen at a quarterly level, Intershop has now closed five quarters in a row
with a profit. At EUR 0.6 million, EBIT was the same in the third quarter
of 2008 as it was in the third quarter of 2007. The EBIT margin improved
from 8% to 9%. The earnings per share were EUR 0.02 in both quarters.

Balance sheet and cash flow
Intershop's equity increased from EUR 12.4 million as of December 31, 2007
to EUR 13.9 million as of September 30, 2008. The equity ratio rose from
53% to 56%. Total assets amounted to EUR 24.7 million (previous year: EUR
23.2 million).
The Company's liquidity also reflects its positive earnings trend.
Unrestricted cash increased from EUR 5.9 million as of December 31, 2007,
to EUR 7.9 million as of September 30, 2008.

Outlook
After its consistently positive results in the first nine months, Intershop
continues to expect to close fiscal year 2008 with a significant profit.

The full press release relating to this adhoc disclosure is available at
www.intershop.com.

Public Relations:
Dr. Ute Danz
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

06.11.2008 Financial News transmitted by DGAP

Language: English
Issuer: Intershop Communications AG
Intershop Tower
07740 Jena
Deutschland
Phone: +49 (0)3641-50-0
Fax: +49 (0)3641-50-1002
E-mail: ir@intershop.de
Internet: www.intershop.de
ISIN: DE000A0EPUH1, DE000A0C4ZE3
WKN: A0EPUH, A0C4ZE
Indices: CDAX, PRIMEALL, TECHALLSHARE
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Düsseldorf, Hamburg, München, Berlin, Stuttgart

End of News DGAP News-Service

---