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PRESS RELEASE: Intershop reports licensing revenues up 20% in financial year 2013

DGAP-News: Intershop Communications AG / Key word(s): Final Results Intershop reports licensing revenues up 20% in financial year 2013

19.02.2014 / 08:08

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- Licensing revenues grew by 105% in fourth quarter and by 20% during full financial year

- Total net revenues up 3% to EUR 53.6 million

- High investments in marketing and sales reflected in EBIT of EUR -3.2 million

Jena, 19 February 2014 - Intershop Communications AG (ISIN: DE000A0EPUH1), the leading independent provider of innovative omni-channel commerce solutions, reports net revenues of EUR 53.6 million (previous year: EUR 51.8 million) for its financial year 2013 based on preliminary figures. The 3% rise was mainly driven by the exceptionally strong performance in the fourth quarter, which saw licensing revenues, in particular, increasing by 105% compared to the prior-year period. Net revenues of EUR 15.0 million meant that the fourth quarter 2013 was Intershop's best quarter since the second quarter of 2001 (previous year: EUR 13.1 million). In contrast, the business trend during the first nine months of the financial year 2013 remained subdued both on the consulting and on the licensing side. The fourth-quarter surge in revenues and profits was not sufficient to offset the losses generated during the first nine months. The resulting negative EBIT of EUR 3.2 million mainly reflects the clearly higher investments in marketing and sales.

CFO Ludwig Lutter said: 'The fourth quarter brought numerous new customers and revenues at record level, demonstrating that we are on a good track in the competitive market for omni-channel commerce solutions. While our intensified marketing and sales efforts involve high costs, they will be justified by our enhanced market profile and increasing market share.'

The consulting business remained the single biggest revenue contributor, even though it declined by 9% to EUR 25.8 million, mainly on account of lower revenues from a number of major customers. Licensing revenues were up 20% to EUR 6.3 million thanks to the strong fourth quarter. A positive development is also reported for other revenues; the full service-service business, in particular, grew by 72% to EUR 8.7 million in 2013. Online marketing revenues rose by 2% to EUR 4.4 million. In contrast, maintenance revenues declined by 6% to EUR 8.3 million during the financial year.

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PRESS RELEASE: Intershop reports licensing revenues up 20% in financial year 2013