Intershop again increases revenues in second quarter 2010

Intershop Communications AG, provider of integrated e-commerce solutions, this week published its results for the first half of 2010.
The company achieved net revenues of EUR 8.9 million in the second quarter of 2010, thus again exceeding the record revenues of EUR 8.3 million in the first quarter. The cumulative net revenues of EUR 17.2 million represent the best half-year performance since 2003, according to a press message of the company.

The increase of 26% on the same period of the previous year was primarily achieved due to the expansion of business with major existing customers (Platinum Accounts).

The net result for the period was EUR 395 thousand following EUR 440 thousand in the previous year – this reflects the significantly increased investments. The focus of the investment is, on the one hand, intensifying relations with existing Platinum accounts and, on the other hand, the acquisition of new Platinum accounts.

Taking into account these positive developments in the second quarter of 2010, the Board of Management is now forecasting growth in revenues of around 20% for the year as a whole. Given the higher investment in the sustainable development of the company, results will not initially be able to reflect this surge in growth and will stabilize at the positiv level of the previous year.