INTERSHOP ANNOUNCES REVISED EXPECTATIONS FOR THE FOURTH QUARTER OF 2001 AND FY
2002
Hamburg, Germany, December 21, 2001 - Intershop Communications AG (Nasdaq: ISHP;
Neuer Markt: ISH), a leading provider of e-business software applications, today
announced revised financial expectations for the fourth quarter of 2001 and FY
2002.
Intershop expects fourth quarter 2001 revenue to be in the range of Euro 12-13
million, with fourth quarter license revenue exceeding third quarter 2001
license revenue.
Because of lower-than-expected fourth quarter 2001 costs, the Company expects
its net loss to decrease substantially. The EBITDA loss for the fourth quarter
is expected to be in the range of Euro 8-9 million.
Fourth quarter 2001 cash usage has further slowed. Total cash including cash,
cash equivalents, marketable securities, and restricted cash is expected to be
approximately 36-37 million at quarter end.
Due to continued corporate IT spending restraints, Intershop expects quarterly
revenue in the first and second quarter of 2002 to each not differ significantly
from fourth quarter 2001 revenue. The potential for improved corporate IT
spending as well as increasing revenue contributions from Intershop's recently
announced new products are expected to positively impact quarterly revenue in
the second half of 2002. Intershop anticipates FY 2002 revenue will be below FY
2001 revenue.
Full financial results for the fourth quarter of 2001 and FY 2001 will be
reported on February 12, 2002.
INVESTOR RELATIONS:
Klaus F. Gruendel
T: +49-40-23709-128
F: +49-40-23709-111
K.GRUENDEL@INTERSHOP.COM
PRESS:
Heiner Schaumann
T: +49-3641-50-1000
F: +49-3641-50-1002
H.SCHAUMANN@INTERSHOP.COM
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ABOUT INTERSHOP
INTERSHOP COMMUNICATIONS AG (NASDAQ: ISHP; NEUER MARKT: ISH) IS THE ESTABLISHED
PROVIDER OF COMMERCE PLATFORMS FOR GLOBAL BUSINESSES. WITH THE ADDITION OF
ENFINITY MULTI-SITE, ENTERPRISES ARE NOW ABLE TO MANAGE MULTIPLE BUSINESS UNITS
FROM A SINGLE COMMERCE PLATFORM. THE INTERSHOP ENFINITY COMMERCE PLATFORM,
COMBINED WITH PROVEN, FLEXIBLE INDUSTRY AND CROSS-INDUSTRY SOLUTIONS, ENABLES
COMPANIES TO OPTIMIZE THEIR BUSINESS RELATIONSHIPS, IMPROVE BUSINESS
EFFICIENCIES AND CUT COSTS TO INCREASE PROFIT MARGINS. BY STREAMLINING BUSINESS
PROCESSES, COMPANIES GET FASTER ROI AT A LOWER TOTAL COST OF OWNERSHIP,
INCREASING THE LIFETIME VALUE OF CUSTOMERS AND PARTNERS. INTERSHOP HAS MORE THAN
2,000 CUSTOMERS WORLDWIDE IN RETAIL, MANUFACTURING, MEDIA, TELECOMMUNICATIONS
AND FINANCIAL SERVICES. CUSTOMERS INCLUDING BERTELSMANN, MOTOROLA,
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SWAROVSKI, OTTO AND BOSCH HAVE SELECTED INTERSHOP'S ENFINITY AS THE FOUNDATION
FOR THEIR GLOBAL E-COMMERCE STRATEGY. MORE INFORMATION ABOUT INTERSHOP CAN BE
FOUND ON THE WEB AT HTTP://WWW.INTERSHOP.COM.
THIS NEWS 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 THAT IN THE COMPANY'S FORM 20-F
DATED JULY 2, 2001.
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