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 Highest revenues in the first half of the year since 2001
 License revenues rise by more than 56%
 Positive operating cash flow of EUR 3.2 million

Jena, Germany, August 8, 2012 – Intershop Communications AG (ISIN: DE000A0EPUH1), a provider of integrated e-commerce solutions, generated EUR 26.4 million in net revenues in the first half of 2012, corresponding to a 15% rise year-on-year. These are the highest revenues in the first half of the year since 2001, meaning that the Company is making further progress on its dynamic growth path.

All segments, excluding the maintenance business, contributed to this revenue growth. Intershop substantially increased its important license sales compared to the prior year. Net revenues in this segment went up by 56% to EUR 2.8 million in the first half of 2012. The largest source of revenues by far, the consultancy services, soared by 14% to EUR 14.7 million. Online marketing and other revenues (full service, TheBakery-business) also grew by double-digit figures, 24% and 51% respectively, compared to the same period in the prior year. Maintenance revenues were the only figure to decline: by 12% to EUR 4.5 million.

Jochen Moll, spokesperson of the Management Board of Intershop Communications AG comments: “The steep rise in license revenues from the first orders for the new cross-channel software Intershop 7 confirms the good response of the market to our top-quality product, as does the title ‘Best of 2012’ awarded to our software by Initiative Mittelstand.”

Gross profit grew by 9% to EUR 9.6 million and at 36%, the gross margin was only slightly down on the prior-year figure. As expected, earnings before interest and taxes (EBIT) decreased from EUR 766 thousand in the prior year to EUR 337 thousand. Net profit for the period came to EUR 235 thousand compared to EUR 1.1 million in the prior year. Results in the first half of the year were down year-on-year on account of a steep rise in marketing costs for the launch of Intershop’s new software as well as non-recurring effects. The operating costs ratio nevertheless remained constant at 38% compared to the prior-year figure.

Total assets rose slightly by 3% to EUR 42.4 million by June 30, 2012, the interim reporting date. The equity ratio was very comfortable at 67%. The Company remains free of financial debt. Unrestricted cash rose by 5% to EUR 17.7 million. The Company generated operating cash flow of EUR 3.2 million in the first half of the year.

Intershop gained numerous new customers and projects in the first six months of 2012. At the same time, it consistently increased the quality and volume of its platinum accounts business. New, prestigious customer contracts were inked, such as with Harry Potter marketing firm Pottermore, French Raja Group, Styrolution and a leading European fashion retailer.

Ludwig Lutter, Intershop’s CFO, adds: “We aim to significantly increase our share in the e-commerce software market over the coming years. We will gradually start reaping the rewards of our investments in recent years with our new Intershop 7 platform, our greatly expanded sales and marketing team and our very solid capital resources.”
The 6-Month Report 2012 can be downloaded at http://www.intershop.com/investors-financial-reports.html.

About Intershop
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is a leading provider of comprehensive state-of-the-art e-commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services including comprehensive online marketing consulting and a transaction platform for order-, supplier-, product- and channel management from its daughter companies SoQuero and TheBakery. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing, including fulfillment.

Around the globe more than 500 enterprise customers, including HP, BMW, Deutsche Telekom, and Mexx run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, and Australia.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Published on: 10:43AM on 8th August 2012