Smart Commerce SE: Profit also in second fiscal year

Jena, 20th March, 2014: New company celebrates its second successful fiscal year:

• EBIT margin positive in the first full year with 10%
• Multiplication of revenue in comparison with the short fiscal year 2012
• Cash grew by 40%, balance sheet total by 119%

Smart Commerce SE, provider of complete services for planning, building and running of eCommerce platforms, multiplied its net revenue in its first full year (established in May 2012 by two former Intershop directors) and doubled it per quarter from Q2 to Q4. The positive EBIT margin of 10% and sales growth were mainly caused by the increasing number of projects for strategic customers.

In addition to these excellent results Smart Commerce significantly improved their cash situation: the volume of available cash grew to 31 December 2013 by 40% compared to the previous year. This ensures together with the capital measures the continued strong growth as well as the research and development investments. In 2013 the share capital was tripled from 120.000€ to 360.001€ and the executive board authorized to increase the capital stock by additional 180.000€ over the next five years.

“2013 was the first complete financial year for Smart Commerce. We have not only reached our targets for profitability, we have also exceeded our objectives for growth. We are proud that we closed the business year positively during this start-up phase”, says the COO Frank Schneider. “For 2014 we can give an optimistic outlook. We will continue to grow strong profitably and we will strengthen our cash situation considerably again.”

In 2014 the number of projects for strategic customers will continue to increase. Therefore, Smart Commerce is looking for highly qualified people with in-depth longstanding professional experience in eCommerce. The Technical Excellence Consulting Team (TEC-Team), which is responsible for solutions for demanding technical eCommcerce challenges, is to be doubled in 2014.

The balance sheet of Smart Commerce at 31 December 2013 has no financial liabilities and an equity ratio of 63%. The balance sheet total increased by 119% from 155 T€ to 340T€.