Smart Commerce record year 2018

Jena, 9th May, 2019:

• Profitable growth of 150% in 2018
• Balance sheet total plus 74%
• Free cash funds plus 82%

At the seventh Annual General Meeting of Smart Commerce SE held in Jena on May 9, 2019 at the Jentower in Jena, the Management Board reported on the business development and financial results for 2018 and gave an outlook for the current year 2019.

The CEO, Dr. Ludger Vogt, explained the business development in 2018, the sixth full fiscal year in the business development of Smart Commerce: "The company grew by 150% from 2017 to 2018, significantly more than planned. Revenues amounted to €4,118 thousand. Smart Commerce has been consistently profitable since its foundation in 2012; 2018 was the sixth profitable full fiscal year since its foundation. Free cash funds grew by 82% to €1,839 thousand at the end of 2018. Total assets grew by 74% to €2,962 thousand. "The expansion of the cooperation with fischer in the fields of eCommerce and Content Management, which began in 2016, was a key growth driver," says COO Frank Schneider.

The outlook for the current 2019 financial year from Ingo Körber, COO at the Leipzig location, was also very positive; profitable growth of 71% to € 7,028 thousand with a 2-digit EBIT margin is planned. As expected, the demand for C/4Hana experts is high among both existing and new customers. The high number of new hires of eCommerce experts in 2018 and also in the first months of 2019 was particularly pleasing. Smart Commerce is still looking for employees with online marketing, content management, and eCommerce experience (Intershop, Hybris, Spryker, Sitecore) as well as online marketing and content management, as the number of projects with strategic customers is growing significantly in 2019.

Further resolutions of the Annual General Meeting were: The actions of the Management Board and Supervisory Board were approved unanimously. Matthias Kallfass, Technical Director at Smart Commerce SE and employee representative in the Supervisory Board, has been elected as a member of the Supervisory Board for the period until the end of the Annual General Meeting 2020. In this AGM, Supervisory Board members Matthias Schneider and Volker Amann were re-elected and Roland Fassauer newly elected. Finally, the Annual General Meeting resolved a new, attractive participation offer 2019 for employees (employee shares) and authorised the Management Board to acquire and use own shares for the participation.