Intershop Communications AG
Intershop refines 2018-2020 outlook in the context of cloud transformation and adjusts 2018 forecast
Intershop Communications AG / Key word(s): Change in Forecast Jena, 19 November 2018 – The Management Board of INTERSHOP Communications AG (ISIN: DE000A0EPUH1) today reviewed the 2018 forecast and approved the 2019 and 2020 planning figures in the context of the faster-than-expected cloud transformation. Meanwhile, the shifts from non-recurring license revenues to recurring cloud revenues are more pronounced than previously assumed. As planned, this will initially have a negative impact on earnings in the course of the transformation process, before cloud revenues will have reached the critical size in 2019 and rising revenues will be realized again. Contact:
19-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Intershop Communications AG |
Intershop Tower | |
07740 Jena | |
Germany | |
Phone: | +49 (0)3641-50-0 |
Fax: | +49 (0)3641-50-1309 |
E-mail: | ir@intershop.de |
Internet: | www.intershop.de |
ISIN: | DE000A0EPUH1 |
WKN: | A0EPUH |
Indices: | CDAX, PRIMEALL, TECHALLSHARE |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |