Intershop AG, the German e-commerce software developer based in Jena, has reported a 98% increase in revenue in the first quarter to DM13.6m ($7.35m). Of this figure, DM11.6m ($6.27m) were contributed by its US operations, which increased their revenue by 518% during the period.
The company said the expansion of revenues was of particular importance, given the fact that the first quarter is normally a slow one for business. It also said that the large number of orders received during the period should impact positively its results in the second quarter.
Intershop, which floated on Frankfurt’s small cap Neuer Markt last year (CI No 3,453), ended last year with a loss of DM33.9m ($18.31m), up from a DM13.7m ($7.4m) loss in 1997. It attributed this primarily to costs incurred in its international expansion, as well as a DM3.7m ($2m) one-time charge related to an out-of-court settlement in connection with rights to the Intershop name prior to flotation.
