Brief: Intershop FY EBIT At EUR 1.0 Mln

Intershop Communications AG

17/02/2021 07:08

Feb 17 (Reuters) - INTERSHOP COMMUNICATIONS AG  ISH1k.DE :
    * INTERSHOP ACHIEVES PROFITABLE GROWTH IN FY 2020 AND
CLEARLY
EXPANDS CLOUD BUSINESS
    * FY REVENUE ROSE 6 PERCENT TO 33.6 MILLION EUR
    * FY EARNINGS BEFORE INTEREST AND TAXES (EBIT) POSITIVE AT
EUR 1.0
MILLION (PREVIOUS YEAR: EUR -6.5 MILLION)
    * FY NET NEW ARR UP 55% TO EUR 2.6 MILLION, CLOUD ARR UP 38%
TO
EUR 9.3 MILLION
    * FY EARNINGS AFTER TAXES TOTALED EUR 0.8 MILLION (2019: EUR
-6.8
MILLION).
    * EXPECTS AN INCREASE IN INCOMING CLOUD ORDERS OF AT LEAST
10% AS
WELL AS SLIGHTLY HIGHER NET NEW ARR FOR FY 2021
    * EARNINGS BEFORE INTEREST AND TAXES (EBIT) ARE PROJECTED TO
BE
SLIGHTLY POSITIVE ON MODERATELY GROWING REVENUES IN 2021
    * FY ITS GROSS PROFIT ON REVENUES BY 42% TO EUR 15.7 MILLION
(2019: EUR 11.1 MILLION)
    * FY GROSS MARGIN PICKED UP BY AN IMPRESSIVE 12 PERCENTAGE
POINTS
TO 47% (2019: 35%)

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

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