Smart Commerce SE prepares growth

Jena, 25th April, 2013:  Annual Shareholders’ Meeting 2013 of Smart Commerce votes for growth

• Growth projection 2013: multiplication of revenue
• Triplication of share capital of the company
• Authorized capital I for further growth

Smart Commerce; provider of a complete range of services for planning, construction and operation of high-end eCommerce platforms – At today’s Annual Shareholders’ Meeting the Executive Board reported on the company’s business performance, financial results, its growth strategy and outlook for the future. The company’s growth strategy is to deliver a significant increase in revenues on 2013’s performance, a motion supported by two resolutions for securing growth through capital investments and making further investments into R&D. These motions were endorsed by majority votes in all cases.

The share capital of the company will be tripled, with cash contributions of € 240.001 taking the overall company capital value to € 360.001. This will result in the creation of 240.001 new shares of 1€ value. In addition the executive management has been authorized to increase the share capital over the next 5 years in one or more steps with a further 180.000 € by creating 180.000 new shares (authorized capital I). The company constitution was updated to include these capital resolutions and to underpin the company’s unique employee participation model.

Founded in May 2012 by ex-Intershop executives the company has already built a scalable infrastructure. In the period May 2012 to December 2012 the company achieved a positive EBIT margin of approximately 20% in spite of initial setup costs. „In 2013 and beyond Smart Commerce will continue its profitable growth through continued good governance and through the empowerment of our team“, says the chief executive officer, Dr. Ludger Vogt.