Intershop Communications AG / DE000A254211

Intershop Communications AG: Adjustment of 2023 forecast for incoming cloud orders - revenue and earnings expectations unchanged

EQS-Ad-hoc: Intershop Communications AG / Key word(s): Change in Forecast


28-Dec-2023 / 15:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Jena, 28 December 2023 – Intershop Communications AG (ISIN: DE000A254211) is lowering its forecast for incoming cloud orders for FY 2023. The increase in orders expected in the fourth quarter has not yet been realised to the planned extent. The reasons for this continue to be the investment restraint and the postponement of investment decisions by potential customers due to the uncertain overall economic situation. Based on current expectations, Intershop now anticipates incoming cloud orders of around EUR 20 million. Previously, Intershop expected incoming cloud orders in a range between EUR 24.0 million and EUR 26.0 million for 2023 (previous year: EUR 25.9 million). The revenue and earnings forecast as well as the forecast for net new ARR remain unchanged. Intershop expects slight revenue growth for the FY 2023 and a negative operating result (EBIT), which is expected to improve compared to the previous year (previous year: EUR -2.9 million). The company forecasts net new ARR to be between EUR 1.5 million and EUR 2.5 million (previous year: EUR 3.2 million).   Contact:
Investor Relations
Mercedes Celine Zaremba
T: [phone]
[e-mail]  

End of Inside Information

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28-Dec-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Intershop Communications AG
	Steinweg 10
	07743 Jena
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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:	1805245

End of Announcement	EQS News Service

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1805245  28-Dec-2023 CET/CEST