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October 11, 1998

INTERSHOP OPTIMISTIC ABOUT Q3 REVENUES

By CBR Staff Writer

Preliminary figures for the third quarter released Friday by German e-commerce software vendor Intershop AG show revenues tripling in the third quarter compared to same period last year, totaling $5.4m during the three months. Of that total, $2.2m came from the US. For the first nine months of the year, revenues increased 315%, to $13.3m. CFO Wilfried Beeck commented that the company was still very much on course for its forecast of $20m in revenues this year. The company’s stock closed unchanged at DM1,100 ($687.5). Full details for the quarter will be published on October 26.

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