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San Francisco/Hamburg (ots Ad hoc-Service) - Intershop announces
Expected Results for the Third Quarter
Intershop Communications (Neuer Markt: ISH, NASDAQ: ISHP) today
announced expected financial results for the third quarter ended
September 30, 2000.
Intershop currently expects to report revenues for the third
quarter 2000 in the range of 34 to 35 million Euro compared to 10.5
million Euro recorded in the third quarter of 1999, representing an
increase of approximately 200%. Total revenue also increased
sequentially from second quarter 2000 revenue of 32.6 million Euro.
Software license fees for third quarter 2000 are expected to be in
the range of 19 to 19.5 million Euro.
"Our expected revenues would reflect our eleventh consecutive
quarter of sequential revenue growth. This would also mean that on
an annual comparison basis, we can again more than triple our
quarterly revenues for the fourth time in a row." stated Wilfried
Beeck, Intershop's chief financial officer. He continued, "We
traditionally experience a slowdown in license revenue growth in the
third quarter, mainly due to reduced business activity in the
software industry in Europe during the summer months."
The Company expects to report a loss for the third quarter due to
one time charges associated with (i) a 7 million Euro advertising
campaign in the U.S.; and (ii) acquisition related costs associated
with the purchase of two technology companies OWIS and Subotnic which
brought almost 150 new employees to the company. CFO Wilfried Beeck
stated, "As part of our long-term growth strategy these investments
are necessary in order to strengthen our market position for future
These statements are based on preliminary financial results.
Intershop will release complete financial results for the third
quarter by the end of October, 2000. The company does not intend to
provide any further communication regarding performance for the
quarter until that date and does not undertake any obligation to
update forward-looking statements.
This press release may contain forward-looking statements
regarding future events or the future financial and operational
performance of Intershop. Actual events or performance may differ
materially from those contained or implied in such forward-looking
statements. Risks and uncertainties that could lead to such
difference could include, among other things: Intershop's limited
operating history, the unpredictability of future revenues and
expenses and potential fluctuations in revenues and operating
results, consumer trends, the level of competition, seasonality, the
timing and success of international expansion efforts, risks related
to electronic security, possible governmental regulation, and the
ability to manage a rapidly growing business. Additional information
regarding factors that potentially could affect Intershop's business,
financial condition and operating results is included in Intershop's
filings with the Securities and Exchange Commission, including in the
prospectus dated September 28, 2000 relating to Intershop's public
offering of common stock.
EUROPEAN INVESTOR RELATIONS CONTACT:
Dr. John Lange
Director of Investor Relations
INTERSHOP Communications AG
U.S. INVESTOR RELATIONS CONTACT:
Vice President of Finance Americas
INTERSHOP Communications, Inc
Ende der Mitteilung
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Original-Content von: INTERSHOP Communications AG, übermittelt durch news aktuell