INTERSHOP Communications AG — Earnings Release 2016

Oct 10, 2016

News Details

Ad-hoc | 10 October 2016 09:56

Intershop resolves strategic plan ‘Lighthouse 2020’ and adjusts annual targets

Intershop Communications AG / Key word(s): Strategic Company Decision/Forecast

10.10.2016 09:56

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Jena, 10 October 2016 - The Management Board and the Supervisory Board of
Intershop Communications AG which was newly composed as of mid-2016, today
resolved the strategic plan "Lighthouse 2020" and specified the company's
strategic targets in order to make Intershop fit for the future. The
related restructuring measures and the lacking growth momentum in the year
to date have prompted the company to adjust its annual forecast. Intershop
now projects revenues of between EUR 34 million and EUR 36 million as well
as negative earnings before interest and taxes (EBIT) of between EUR 1
million and 2.5 million including special exceptional expenses of approx.
EUR 1 million. The company had previously expected EBIT to be positive and
slightly higher than in the previous year.
The restructuring measures primarily serve to increase the company's
efficiency through personnel adjustments in administration, which will
result in annual cost savings of approx. EUR 3 million starting 2017. At
the same time, the company plans to make investments in the same amount in
sales and marketing, where departments are to be centralized and the
workforce is to be expanded to support the focus on the wholesale sector. A
revenue target of EUR 50 million and an EBIT margin target of 5% have been
set for the "Lighthouse 2020".
The strategic focus of the roadmap adopted by the governing bodies is on
the concentration on the B2B market, especially the wholesale sector that
is facing massive changes resulting from digitalization and therefore
offers above-average potential for growth. Furthermore the company will
focus on the consistent expansion of the cloud business building on the
Intershop 7.8 Cloud solution, which is to be launched in November.
For further information on the "Lighthouse 2020", see the interim report on
the first nine months of 2016, which will be published on 2 November.

Investor Relations:
Heide Rausch
T: +49-3641-50-1000
F: +49-3641-50-1309
ir@intershop.com

10.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Intershop Communications AG
Intershop Tower
07740 Jena
Germany
Phone: +49 (0)3641-50-0
Fax: +49 (0)3641-50-1309
E-mail: ir@intershop.de
Internet: www.intershop.de
ISIN: DE000A0EPUH1
WKN: A0EPUH
Indices: CDAX, PRIMEALL, TECHALLSHARE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

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