|
EQS-Ad-hoc: Intershop Communications AG / Key word(s): Forecast
Intershop updates forecast for 2022: revenue and earnings forecast reduced, cloud growth forecast unchanged
Jena, 30 September 2022 – The Management Board of Intershop Communications AG (ISIN: DE000A254211) today decided to adjust the forecast for FY 2022 revenues and earnings on the basis of the performance in the first nine months and the current planning for the fourth quarter of 2022. The company now projects revenues at the prior year level (previously: revenue growth of approx. 10%) and a negative operating result (EBIT) in the lower single-digit million euro range (previously: positive EBIT of at least EUR 1.0 million). The performance of the service business is below management’s expectations and the efficiency-enhancing measures initiated at mid-year have not yet shown the planned effect. The Management Board therefore assumes that the shortfall from the previous quarters cannot be offset in the fourth quarter. The cloud business has shown strong growth to date and management expects it to perform to plan also in the remaining months of the financial year 2022. This is why the forecasts for incoming cloud orders and net new ARR remain unchanged at 20% and 10% growth, respectively.
Contact:
30-Sep-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | 1453717 |
| End of Announcement | EQS News Service |
|
|
1453717 30-Sep-2022 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
