EQS-News

Intershop publishes figures for Q1 2024 - Seite 2

Markus Klahn, CEO of Intershop Communications AG: “Despite continued reluctance to invest as a result of the ongoing uncertain economic situation, the start of the 2024 financial year was promising for Intershop. Thanks to significant growth in the cloud business and the cost-cutting measures initiated, we were able to break even on an EBIT basis. We will continue to rigorously pursue cost and efficiency measures. Although the new customer business remains challenging, we are confident that our cloud strategy, coupled with the integration of AI, will enable us to make significant operational and strategic progress in 2024 and confirm our forecast for the full year."

At the interim balance sheet date, equity capital amounted to EUR 11.2 million (31 December 2023: EUR 11.4 million). The equity ratio remained largely stable at 29% (31 December 2023: 30%). Cash flow from operating activities declined to EUR -0.2 million in the first three months from EUR 1.5 million in the same period of the previous year due to an increase in trade receivables. Cash and cash equivalents as of 31 March 2024 amounted to EUR 8.9 million (31 December 2023: EUR 10.0 million).

For the full year 2024, the Management Board continues to expect a slight increase in both incoming cloud orders and net new ARR. The company also projects a moderate increase in revenues and a break-even operating result (EBIT).

The quarterly statement for the first quarter of 2024 is available at https://www.intershop.com/financial-reports.

 

Contact:
Investor Relations
Mercedes Celine Zaremba
T: [phone]
[e-mail]

 

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24.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	Intershop Communications AG
	Steinweg 10
	07743 Jena
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.intershop.de
ISIN:	DE000A254211
WKN:	A25421
Indices:	CDAX, PRIMEALL, TECHALLSHARE
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1887643