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INTERSHOP Communications AG

ots Ad hoc-Service: INTERSHOP Communications <DE0006227002> Q4 Revenues up 206 %

Hamburg (ots Ad hoc-Service) -

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INTERSHOP Communications AG (SIN 622700), a leading global
provider of standard sell- side e-commerce software, today announced
preliminary financial results for the fourth quarter and the fiscal
year 1999.
Fourth quarter revenues were up 206 % or EUR 12.9 million to EUR
19.1 million from the comparable 1998 figure and up 82 % from the
previous quarter. U.S. performance was exceptionally dynamic, and
revenues rose 281 % as compared to fourth quarter 1998. License
sales, which were up 200 % compared to the last year quarter and 127
% compared to the previous quarter, generated most of this growth.
Gross profit increased 211 % to EUR 13.6 million, and the gross
margin improved from 70.0 % to 71.2 %. Operating expenses came to EUR
22.2 million for an increase of 152 % and were significantly outpaced
by revenues. Net loss for the quarter came to EUR 7.8 million as
compared with the comparable figure of EUR 3.8 million a year
Fiscal 1999 revenues were up 158 % to EUR 46.1 million, which
exceeded INTERSHOP's growth target of at least 100 %. Gross profit
for the year was up 167 % to EUR 33.0 million. Net loss for the year
came to EUR 18.9 million, which was only slightly higher than the
1998 figure of EUR 17.3 million.
"The fourth quarter of 1999 marked a new high in Intershop's
corporate development," said INTERSHOP CFO Wilfried Beeck. "Despite
the market concerns over Y2K , fourth quarter revenues nearly doubled
the comparable figure for the preceding quarter, which meant that we
reinforced our position as the fastest growing provider in the market
for sell-side e-commerce software. Revenues exceeded our internal
This extremely successful fourth quarter performance resulted from
a considerable volume of follow-up business from existing customers
as well as orders from many new customers. In the area of e-commerce
hosting solutions, leading telcos and Internet service providers that
opted for Intershop technology included Nortel Networks and US West
in the U.S.A., and Deutsche Telekom and PostNet in Europe. New
fourth- quarter additions to INTERSHOP's list of enterprise customers
also included TimesSquare2000, H.O.T. Teleshopping and Cobalt
Networks. The total number of e-commerce licenses sold by the end of
1999 exceeded 100,000, an increase of 40,000 compared to the end of
the third quarter of 1999. As a result, Intershop again widened the
lead over its competitors in terms of the number of licenses sold.
The increase in expenses in the fourth quarter resulted mainly
from to the launch of a total new generation of e- commerce products,
INTERSHOP enfinity, the INTERSHOP OPEN event in new York, and the
geographical expansion into Asia.
Intershop's outstanding performance in the final quarter of the
year was accompanied by the company's successful entry into the high
end enterprise market. Launched in October, INTERSHOP enfinity is the
first sell-side e- commerce solution for the high-end enterprise
market that is completely based upon the new Java and XML Internet
standards. Intershop alliance partners and customers were equally
enthusiastic about INTERSHOP enfinity. Although the enfinity product
was not generally available until mid-November, 1999, INTERSHOP sold
over 30 enfinity licenses in the fourth quarter. Since the new
Intershop solution features an exceptionally short implementation
time as compared with competing products, several sites have already
gone live, including the TimesSquare2000, Office XL and
Wilfried Beeck said, "Intershop's hosting product line had already
made us the market leader in the segment consisting of mediumsized
e-commerce companies, and enfinity has now let us capture the
technological lead in the market made up of Global 2000 companies
practically overnight. Our initial reference customers also made it
possible for us to demonstrate the outstanding performance offered by
INTERSHOP's enfinity product."
Preliminary financial data for the fourth quarter of 1999 in
millions of EUR with data for the previous year in parentheses:
Revenues:             19.1 (6.3) 
   Increase in revenues: 206 % 
   Gross profit:         13.6 (4.4) 
   Operating loss:        8.6 (4.4) 
   Net loss:              7.8 (3.8)
INTERSHOP's plans for the year 2000 include continued
international expansion and the introduction of new products. Given
the company's successful entry into the enterprise market, management
projects that 2000 revenues could at least double the 1999 figure. As
a result, the company's goal is to break even for the year.
All figures are subject to audit. The audited financial statements
for fiscal 1999 will be available on March 16, 2000, and Intershop's
annual report will appear on March 31, 2000.
Investor Relations: 
   Dr. John Lange 
   Phone +49-40-23709-131/-128 
   Fax   +49-40-23709-111 
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