Intershop Communications AG Reports Q1 2024 Financial Results

On April 24, 2024, Intershop Communications AG, a leading B2B commerce solutions provider, announced its financial results for the first quarter of 2024. The company reported a 7% increase in total revenues, achieving EUR 9.5 million compared to EUR 8.9 million in the previous year. This growth was significantly driven by a 32% increase in cloud revenues, which totaled EUR 4.9 million.

Despite challenges in the service sector, which saw a 16% decline to EUR 2.7 million, the company managed a break-even Earnings Before Interest and Taxes (EBIT), marking a substantial improvement from a loss of EUR 0.9 million in the same period last year. Gross profit also rose to EUR 4.2 million, reflecting a four percentage point increase in the gross profit margin to 45%.

Intershop's focus on cloud-based solutions and rigorous cost management strategies were key to achieving these results. The company noted an enhancement in operational efficiency and anticipates further progress through its ongoing cloud strategy and AI integrations. For the full year 2024, Intershop expects a slight increase in cloud orders and anticipates maintaining a break-even operating result.