DGAP-News: Intershop Communications AG

DGAP-News: Intershop publishes figures for H1 2016

DGAP-News: Intershop Communications AG / Key word(s): Half Year Results Intershop publishes figures for H1 2016

03.08.2016 / 08:16 The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

- Revenues of EUR 16.3 million (previous year: EUR 21.0 million) - Project delays of the first quarter partly offset - Gross margin climbs to 46% - Positive EBIT in Q2; half-year EBIT still negative at EUR -1.3 million

Jena, 3 August 2016 - Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omni-channel commerce, generated revenues of EUR 16.3 million in the first half of 2016 (previous year: EUR 21.0 million). The drop in revenues is attributable to the project delays of the first quarter, which were offset only partly in the second quarter. Compared to the weaker first quarter, however, both Intershop's revenues and earnings showed a positive trend in Q2. At EUR 9.1 million, second-quarter revenues exceeded the company's first-quarter revenues by 25%.

Intershop's important product revenues amounted to EUR 6.6 million in the first six months of 2016, down 10% on the previous year. Service revenues declined by close to 29% to EUR 9.7 million, reflecting the changed customer structure and the increased use of partner companies. Compared to the first three months, service revenues picked up by 14% and this positive trend is expected to continue.

The gross margin increased by 4 percentage points on the previous year to 46%. At EUR 8.8 million, operating expenses were down by 6% on the same period of the previous year, which is mainly attributable to reduced personnel and consulting expenses. In the second quarter of 2016, Intershop posted moderately positive earnings before interest and taxes (EBIT) of EUR 0.07 million. EBIT for the first six months of 2016 were still negative at EUR -1.3 million (previous year: EUR -0.5 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) were also slightly negative in the reporting period, at EUR -0.1 million (previous year: EUR 1.4 million). The result for the period came in at EUR -1.6 million (previous year: EUR -0.6 million), which is equivalent to earnings per share of EUR -0.05 (previous year: EUR -0.02).

Cash flow from operations amounted to EUR -1.4 million in the reporting period (previous year: EUR 2.5 million) and is primarily attributable to the half-year loss. At EUR 11.8 million, total cash and cash equivalents were up by an impressive 53% on the prior year reporting date on 30 June. The equity ratio stood at 61% on 30 June 2016, which also exceeded the 58% posted on 31 December 2015.

Says Dr. Jochen Wiechen, CEO of Intershop Communications AG: "The latest analysis by US analyst house Gartner once again confirms that Intershop is among the world's leading providers of e-commerce platforms. We did a great job in the second quarter and business has clearly picked up. We are optimistic about the second half of the year and maintain our forecast for the full year in view of our large pipeline of orders."

The interim report on the first six months of 2016 is available for download at http://www.intershop.com/investors-financial-reports.

Contact: Investor Relations Heide Rausch T: +49-3641-50-1000 F: +49-3641-50-1309 ir@intershop.com

---------------------------------------------------------------------------

03.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

---------------------------------------------------------------------------

Language: English Company: Intershop Communications AG Intershop Tower 07740 Jena Germany Phone: +49 (0)3641-50-0 Fax: +49 (0)3641-50-1309 E-mail: ir@intershop.de Internet: www.intershop.de ISIN: DE000A0EPUH1 WKN: A0EPUH Indices: CDAX, PRIMEALL, TECHALLSHARE Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------

488515 03.08.2016