Intershop named as Company of the Year 2017 by Quadrant Knowledge Solutions

  • Intershop Commerce Suite praised for supporting multiple brands, countries, and touchpoints
  • Intershop highlighted as best-in-class vendor with leadership in strategy, business, and growth performance excellence

Jena, Germany, 2017-Jul-03 — /EPR Retail News/ — Intershop Communications AG has been recognized as Company of the Year 2017 in the global digital commerce platforms market by global market research and consulting firm, Quadrant Knowledge Solutions. The Quadrant research identifies Intershop as a best-in-class vendor that ‘exhibits leadership in strategy, business, and growth performance excellence, and has the potential to cause major disruption in the marketplace’.

The research firm analyzed Intershop’s technological capabilities and strengths as part of a comprehensive market study, titled ‘Market Outlook: Digital Commerce Platforms, 2017-2022, Worldwide’. In a Knowledge Brief, published by Quadrant on 6 June 2017, the consultants stress the ability of Intershop’s integrated digital commerce platform to enhance customer relationships across various sales channels including retail, wholesale, mobile, and social media.

The Knowledge Brief highlights the complete set of digital commerce functionalities provided by the Intershop Commerce Suite – from online retail management to customer experience management to order management and fulfillment –, the platform’s operational excellence, as well as the fact that it can be implemented on-premise, in the cloud, or as a managed service.

According to Quadrant Knowledge Solutions, ‘Intershop’s flexible and integrated digital commerce suite is well positioned to help businesses from multiple industry sectors and sizes in overcoming their unique challenges in creating a successful and competitive commerce solution’.

Piyush Dewangan, Industry Research Manager, Quadrant Knowledge Solutions said: “Technology disruption, digital transformation, and the widespread adoption of mobile devices means that organizations are increasingly facing challenges to drive growth. To stay competitive, brands should transform their commerce processes with the customer experience in focus, while streamlining their commerce operations for maximum efficiency. Intershop with its extensive and highly scalable platform is well positioned to enable business growth for companies with multiple brands, countries, and touchpoints, which is why we nominated them Company of the Year in this market.”

Axel Köhler, COO of Intershop Communications AG, said: “We are delighted to be recognized as a leader by Quadrant Knowledge Solutions. Digitalization is opening exciting new opportunities for companies in all industries. Our focus is on supporting our customers in the successful transformation of their commerce processes and customer relationships. A comprehensive, powerful and adaptable platform is key in driving this transformation.”

Quadrant’s research study also provides detailed competitive positioning of other major commerce platform vendors. It can be downloaded here: http://www.intershop.com/quadrant-solutions-study

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

SOURCE: Intershop Communications AG

Contact:
Intershop Public Relations
HEIDE RAUSCH
Head of Corporate Communication
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
mailto: pr@intershop.de

Intershop Communications AG appoints Olivier Plas as country manager in Copenhagen, Denmark

  • Olivier Plas appointed country manager for the Nordics
  • Intershop expands market position and intensifies partner co-operation

Jena, Germany, 2017-Feb-24 — /EPR Retail News/ — Intershop Communications AG, supplier of innovative omni-channel commerce solutions for business-to-business (B2B) and business-to-consumer (B2C) companies, has appointed Olivier Plas as country manager in Copenhagen, Denmark to further expand its position in the Nordic region.

Olivier Plas joins in order to drive regional growth, to strengthen the cooperation with customers as well as to further extend the Company’s relationship with business partners.

Intershop is already well represented by strong business partners, such as Accenture Interactive, iStone and Tieto. As a result, there are some well-known B2C and B2B companies in the Nordics using the Intershop commerce engine to grow their businesses internationally, increase efficiencies, improve customer satisfaction and exceed customer expectations.

Gerrit Enthoven, Director Sales EMEA West at Intershop said, “Olivier brings a lot of knowledge to the table, with many years of experience in both sales management and business consultancy of IT businesses in the Nordics, at SAP, itelligence, Stibo Systems and MultiQ.”

One of Plas’ first engagements with Intershop will be at the D-Congres in Göteborg, on Thursday March 9th.

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Contact:

Intershop Public Relations
HEIDE RAUSCH
Head of Corporate Communication
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309

Source: Intershop Communications AG

Intershop Communications AG and Microsoft announce development of innovative cloud-based e-commerce offering

Jena, Germany, 2016-Aug-19 — /EPR Retail News/ — Intershop Communications AG and Microsoft have today announced the development of an innovative cloud-based e-commerce offering. This means that the Intershop Commerce Management will provide customers with a leading e-commerce technology as a scalable solution in Microsoft’s Azure cloud platform. Microsoft will simultaneously support Intershop in seamless integration with existing cloud-based Dynamics NAV industry partner solutions. Such a solution is highly attractive to growth-oriented small to medium-sized companies in particular, who want to boost their online sales. The benefits of this approach include easy and fast e-commerce project implementation, flexible solution scalability, usage-based billing, very low capital commitment, and extremely high reliability – without needing to supply proprietary IT resources. With regard to international sales, the application and data can be hosted wherever they are regionally required. All enterprises can achieve an ROI (Return on Investment) within the shortest time, by opening up new sales channels in this way.

In conjunction with the Synaptic Commerce architecture geared for extensibility, further successive cloud-based solutions will be provided for Intershop Commerce Management and Dynamics NAV, designed to offer industry-specific solutions.

Dr. Jochen Wiechen, Intershop Communications AG CEO, sees huge potential in the collaboration: “The joint offering of Intershop and Microsoft based on the Azure platform provides a combination of leading, proven technology and extreme flexibility at minimal investment costs. Which systems our customers prefer to integrate for their individual solution, the regions in which they want to make this sales channel available, and the volume to be run on it – all of the above, companies can choose freely according to their requirements and sales strategy. Overall, in this solution, small to medium-sized companies discover a series of answers to challenges they currently face.”

“Intershop customers will in future therefore benefit from the scalability and flexibility of Microsoft Azure and the global Microsoft cloud platform, the strengths of which are already proven in the e-commerce field with its high demands on time-to-market speed, availability, and scalability in both directions,” says Peter Jaeger, Senior Director Developer Experience (DX) and Microsoft Germany Board Member.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Contact:

HEIDE RAUSCH
Head of Corporate Communication

Phone: +49 3641 50-1000
Fax: +49 3641 50-1309

Source: Intershop

Intershop Communications AG announces revenues of EUR 16.3 million in H1 2016

Jena, 2016-Aug-06 — /EPR Retail News/ — 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.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Contact:

HEIDE RAUSCH
Head of Corporate Communication
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309

Source: Intershop

Intershop Communications AG reports revenues of EUR 7.3 million in the first quarter of 2016

Jena, Germany, 2016-May-05 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omni-channel commerce, generated revenues of EUR 7.3 million in the first quarter of 2016 (previous year: EUR 10.0 million). The reduced revenues do not reflect the current order situation but are attributable to project delays resulting from longer acquisition cycles. Several projects initiated by Intershop are expected to be completed in the next months.

Dr. Jochen Wiechen, CEO of Intershop Communications AG, says: “The figures of the first quarter do not paint a realistic picture of Intershop’s current business trend. Due to our increased focus on product revenues, where licensing revenues are collected immediately, fluctuations in revenues resulting from order cycles spanning several quarters are not unusual. It is the forecast for the full year which counts for our investors, and this forecast is confirmed in view of our strong order pipeline.”

Intershop’s strategically important product revenues amounted to EUR 2.7 million in the first three months of the year (previous year: EUR 3.3 million); service revenues came in at approx. EUR 4.5 million in the first quarter, compared to EUR 6.7 million in the prior year period. Product revenues as a percentage of total revenues thus increased from 33% to 38%.

The gross margin was up by five percentage points on the previous year to 44%. At EUR 4.6 million, operating expenses were up by 6% on the prior year period, which is mainly attributable to short-time work in the prior year quarter. Earnings before interest and taxes (EBIT) were negative at EUR -1.4 million (previous year: EUR -0.4 million) due to the lower revenue base. Before deduction of depreciation/amortisation, which was lower than in the previous year, EBITDA amounted to EUR -0.8 million (previous year: EUR 0.7 million). Earnings after taxes stood at EUR -1.5 million, compared to EUR -0.5 million in the prior year quarter. Earnings per share amounted to EUR -0.05 (previous year: EUR -0.02).

Cash flow from operations came in at EUR -0.9 million in the reporting period (previous year: EUR 1.5 million). The cash outflow is primarily attributable to the negative result for the quarter. At EUR 14.2 million, cash and cash equivalents exceeded the prior year level by a good EUR 6.9 million as of 31 March 2016. This reflects the company’s improved financial positioning resulting from last year’s financial measures. At 57%, the Intershop Group’s equity ratio almost reached the level of 31 December 2015.

Dr. Jochen Wiechen, CEO of Intershop Communications AG, says: “Our well-filled pipeline makes us optimistic about the current quarter. 2016 will see us continue focusing on expanding our strategic growth segments. This comprises our extended cloud offerings to be presented before the end of this year as well as the effective development of the B2B segment, which, according to Forrester, is the fastest growing e-commerce segment worldwide. The investment by Shareholder Value Management AG results in a stable shareholder structure, thereby additionally driving our operational business and our capital market performance.”

Intershop confirms its forecast for the full year 2016 and expects revenues at the prior year level as well as a moderate increase in earnings before interest and taxes (EBIT).

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

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Bosch, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Contact:
Intershop Public Relations
Heide Rausch
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
E-Mail

Source: Intershop

eBay Enterprise Inc. sold its 24.9 percent stake in Intershop Communications AG

Jena, Germany, 2016-Apr-21 — /EPR Retail News/ — The Intershop Communications AG (ISIN: DE000A0EPUH1) has gained a new major shareholder. The longstanding shareholder eBay Enterprise Inc. (formerly GSI Commerce Solutions Inc.) has sold its stake in the amount of 24.9 percent in voting rights in Intershop Communications AG. The new owner of this stake is Shareholder Value Management AG based in Frankfurt. The eBay Group had acquired the Intershop shares in the course of the take-over of GSI Commerce Solutions Inc. in 2011. After the sale of eBay Enterprise Inc. as part of the strategic realignment of the Group to private equity investors, the Intershop-stake was held at disposal.

Dr. Jochen Wiechen, CEO of Intershop Communications AG: “The Shareholder Value Management AG, which already held a stake of 3% in Intershop until end of March, has accompanied us for a long time, thus knowing our business very well. We are pleased to have an experienced small cap investor joining us as major shareholder and will continue our strategic enhancement of Intershop based on an intense dialogue with our investors.”

Shareholder Value Management AG is a Frankfurt-based fund advisory company focusing on small cap stocks. Their funds invest in undervalued stocks mainly in the German speaking countries.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Bosch, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Intershop Public Relations
Heide Rausch

Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
E-Mail

Intershop Communications AG recorded solid revenues and increased profitability for 2015

  • EBITDA of EUR 3.5 million, EBIT of EUR 0.2 million
  • Total revenues of EUR 42.7 million; adjusted at prior year level
  • Licencing revenues up by 51%
  • Product revenues in percent of total revenues climb to 41% (previous year: 30%)
  • Operating cash flow rises sharply to EUR 5.0 million (previous year: EUR 0.4 million)
  • Forecast: in 2016 due to further investments in product, sales and marketing only moderate increase in EBIT with revenues at prior-year level, in the medium term high sales potential in the B2B market and cloud environment

Jena, Germany, 2016-Feb-18 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omni-channel commerce, recorded solid revenues and increased profitability for 2015. At Group level, Intershop’s revenues declined by 7% to EUR 42.7 million; adjusted for the 2014 sale of its subsidiary, SoQuero GmbH, however, revenues reached the prior year level as projected (2014: EUR 42.9 million).

Product revenues rose by 27% to EUR 17.4 million in the reporting period. The related licensing revenues increased by 51% to EUR 9.3 million. Maintenance revenues climbed 8% to EUR 8.1 million. By contrast, service revenues declined by 22% to EUR 25.3 million, primarily because of the non-recurrence of the online marketing revenues and reduced consulting revenues from two key accounts. Consulting and training revenues dropped by 16% to EUR 19.3 million. Adjusted for the revenues of the two key accounts, revenues from consulting projects rose by 2%. Full-service revenues increased by 6% to approx. EUR 6.0 million. Product revenues accounted for 41% of total revenues, up by 11 percentage points on the previous year. Accounting for 59%, service revenues again made the biggest contribution to Intershop Group’s total revenues. The increased percentage of product revenues shows, however, that the strategic repositioning has been successful.

Based on the higher percentage of high-margin product revenues and the improved cost structure, Intershop’s earnings showed a positive trend in the financial year 2015. The gross margin was up by nine percentage points on the previous year to 45%, and operating expenses declined by 18%. Consequently, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose sharply from EUR -2.1 million to EUR 3.5 million. Earnings before interest and taxes (EBIT) amounted to EUR 0.2 million in the reporting period, up from EUR -6.3 million in the previous year. Earnings per share amounted to EUR 0.00 (previous year: EUR -0.22).

Thanks to the increased profitability and the debt and equity measures carried out in the course of 2015, the cash position has also improved significantly. At EUR 15.2 million, liquid funds clearly exceeded the previous year’s EUR 6.4 million as of 31 December 2015. Cash flow from operations improved notably in the reporting period from EUR 0.4 million to EUR 5.0 million. Due to the capital measures, Intershop Group’s total assets increased by 30% to EUR 33.0 million. The equity ratio declined from 70% to a still comfortable 58% as a result of the debt capital raised. As of the balance sheet date, Intershop employed 380 people worldwide.

In the financial year 2016, the company will focus on expanding its strategic growth areas. This also includes widening the base of small and medium-sized customers. In this context, Intershop will present an enlarged range of cloud solutions in this course of this year. In addition, the company will push ahead with its synaptic commerce solutions, essentially by further opening its own technology platform for third-party solutions. This aspect is particularly important in the B2B market, which will play an even more critical role in 2016 than in the past, as Intershop moves forward to exploit and expand its expertise and technology lead in this market.

Says Dr. Jochen Wiechen, CEO of Intershop Communications AG: “Our transformation into an integrated provider of omni-channel commerce solutions is showing effect and the increased percentage of product revenues will clearly help to enhance our profitability. We are gradually laying the basis for a sustainable growth strategy. Therefore, in 2016 we are planning further investments in our product development as well as sales and marketing. We will continue the positive trend of 2015 and will slightly improve our earnings before interest and taxes (EBIT) with revenues remaining stable. In the areas of B2B and cloud solutions we see promising sales potential and great opportunities for Intershop, thereby expecting high growth rates in the medium term.”

The full consolidated financial statements will be published in mid-March 2016. All financials in this press release are provisional, pending completion of the statutory audit.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Bosch, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Intershop Public Relations

Heide Rausch

Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
E-Mail

Intershop Communications AG increases share capital by EUR 1,500,000 to EUR 31,683,484

Jena, Germany, 2015-9-21 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1) has successfully completed the capital increase from authorised capital of up to 1,500,000 new shares with existing shareholders’ subscription rights being excluded as per the decision taken yesterday. A total of 1,500,000 shares were privately placed with institutional investors at a price of EUR 1.10 per share, bringing gross proceeds from the capital increase to EUR 1.65 million. The company’s share capital will be increased by EUR 1,500,000 and will amount to EUR 31,683,484 after the entry in the Commercial Register.

The new shares are to be admitted to trading in the regulated market (Prime Standard) of the Frankfurt Stock Exchange without a prospectus being published. Intershop will use the proceeds from the capital increase for additional investments in strategic growth areas including an expansion of its SaaS offering and its B2B solution.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Bosch, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Intershop Investor Relations

Heide Rausch

Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
E-Mail

Dr. Jochen Wiechen to succeed Jochen Moll as Member of Board of Management and Spokesman of Intershop Communications AG

Jena, Germany, 2015-8-24— /EPR Retail News/ — Jochen Moll, Member and Spokesman of Intershop Communications AG’s (ISIN: DE000A0EPUH1) Board of Management, has resigned his position at his own request and with the consent of the Supervisory Board and will exit the company effective September 30, 2015. The responsibilities of the Board’s Spokesman will be assumed by Dr. Jochen Wiechen, the current Chief Technology Officer effective 1 September 2015.

Axel Köhler, Intershop’s current Senior Vice President Sales & Marketing, will join the Board effective September 1, 2015 and take on the responsibility for Sales, Marketing, Communication and Professional Services.

Jochen Moll was appointed to the Board as Member and Spokesman on April 1, 2012, and has been responsible for Sales, Marketing, Communication , and Professional Services.  Since July 2015, he additionally has been heading Finance and Human Resources. The main focus of his work was on re-positioning Intershop as an international software and service vendor and on re-branding the company.

“My job at Intershop has been an exciting challenge. I am very pleased that the company has completed the most important steps of its reorganization in order to position itself as a successful international software vendor. The great confidence expressed by our customers, partners and shareholders was very important and encouraging during this transition phase. I am proud that we have always been able to justify this. Therefore, I would particularly like to thank the Intershop team and the Supervisory Board for their excellent support during this time, which has not always been easy. All the more we now can witness the initial success of Intershop’s re-positioning”, Jochen Moll stated.

Dr. Herbert May, Chairman of the Supervisory Board, thanks Jochen Moll for his contributions.

“Jochen Moll´s role in transforming Intershop was of decisive nature. Over the past years, he has succeeded in positioning Intershop internationally among the top vendors. Thanks to excellent benchmark results, we were able to increase our brand’s recognition in particular in the USA, one of the most important e-commerce markets. In addition, Jochen Moll has strengthened the company’s position in the promising Asia-Pacific market and internationally established and advanced the business with new customers and with partners”, Dr. Herbert May, Chairman of the Supervisory Board, said. “We very much regret his resignation and would like to express our gratitude to him for his major commitment in the past years. We see it as very positive that he will now assume responsibility at one of our large international customers. We wish Jochen Moll success and all the best for his entrepreneurial future.”

Dr. May feels confident that Intershop’s positive transformation will see continuity under the new Board of Management. He explains:

“Within the scope of his current responsibility, Dr. Wiechen has developed a clear product strategy, encouraged a clear customer focus of the development teams and introduced a new development approach that significantly improves efficiency and proximity to the market. Intershop will have an excellent new Spokesman of the Management Board in him, thanks to his considerable technical experience in large and medium-sized companies, his noticeable sales-oriented approach and his strategic thinking.”

With respect to the new Board Member Axel Köhler, Intershop can rely on a proven expert of both, industry and company making him a perfect fit to successfully complete the initialized process. Mr. Köhler has decades of experience in heading various sales organizations. In his previous role at Intershop he has focused on winning new customers and pushed ahead the cooperation with integration partners. To this end, he has developed a go-to-market strategy and has consistently put it into practice. “This year’s results prove the success. In his new role he will continue the same path with the team”, Dr. May is convinced.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Bosch, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Intershop Public Relations

Heide Rausch
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
E-Mail

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