Brief: Intershop Communications FY Earnings After Taxes Stable At EUR 0.8 Million

Intershop Communications AG

16/02/2022 06:38

Feb 16 (Reuters) - INTERSHOP Communications AG  ISH1k.DE :
    * DGAP-NEWS: INTERSHOP LOOKS BACK ON SUCCESSFUL FINANCIAL
YEAR
2021 AND REMAINS ON PROFITABLE GROWTH TRACK THANKS TO
STRENGTHENED CLOUD BUSINESS
    * FY EBIT ROSE 25 PERCENT TO 1.3 MILLION EUR
    * FY REVENUE ROSE 7 PERCENT TO 36 MILLION EUR
    * FY EARNINGS AFTER TAXES REMAINED UNCHANGED AT PREVIOUS
YEAR'S
EUR 0.8 MILLION, WHICH CORRESPONDED TO EARNINGS PER SHARE OF EUR
0.06.
    * FY EARNINGS BEFORE INTEREST AND TAXES (EBIT) UP BY 25% TO
EUR
1.3 MILLION (PREVIOUS YEAR: EUR 1.0 MILLION)
    * ON BALANCE, INTERSHOP EXPECTS INCOMING CLOUD ORDERS TO
RISE BY
ABOUT 20% AS WELL AS A 10% INCREASE IN NET NEW ARR FOR FY 2022.
    * IN FINANCIAL YEAR 2021, INTERSHOP GREW ITS GROSS PROFIT ON
REVENUES BY 11% TO EUR 17.4 MILLION (2020: EUR 15.7 MILLION)
    * AS OF 31 DECEMBER 2021, INTERSHOP GROUP'S TOTAL ASSETS
AMOUNTED
TO EUR 39.6 MILLION, UP BY 35% ON PRIOR YEAR REPORTING DATE
    * IN FINANCIAL YEAR 2021, INTERSHOP GREW ITS GROSS PROFIT ON
REVENUES BY 11% TO EUR 17.4 MILLION (2020: EUR 15.7 MILLION)
    * WITH REVENUES GROWING BY ABOUT 10%, 2022 POSITIVE
OPERATING
RESULT (EBIT) OF AT LEAST EUR 1.0 MILLION IS PROJECTED.
    * ON BALANCE, INTERSHOP EXPECTS INCOMING CLOUD ORDERS TO
RISE BY
ABOUT 20% AS WELL AS A 10% INCREASE IN NET NEW ARR FOR FY 2022
    * AT EUR 4.6 MILLION, CASH FLOW FROM OPERATIONS REMAINED
CLEARLY
POSITIVE IN REPORTING PERIOD (2020: EUR 4.7 MILLION)
    * WITH REVENUES GROWING BY ABOUT 10%, A POSITIVE OPERATING
RESULT
(EBIT) OF AT LEAST EUR 1.0 MILLION IS PROJECTED

Source text for Eikon:  ID:nEQ6J0MpWa 
Further company coverage:  ISH1k.DE 

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