Intershop Communications AG (ISIN: DE000A254211), a global provider of agentic B2B commerce solutions, published its financial results for the first half of 2026. The company reported revenues of EUR 15.8 million, down from EUR 17.2 million in the prior year, as business performance was shaped by growth in the cloud segment and a planned decline in license, maintenance, and service revenues. Despite the revenue decrease, Intershop achieved a slightly positive operating result (EBIT) of EUR 0.1 million, compared to a loss of EUR 0.9 million in the same period last year, thanks to consistent cost-cutting measures.
Cloud revenues rose by 4% to EUR 10.5 million, increasing their share of total revenues to 67% from 59%. The cloud margin improved to 66%, up two percentage points. Incoming cloud orders surged 26% to EUR 8.4 million, while cloud ARR stood at EUR 19.8 million. New ARR increased by 10% to EUR 1.4 million, but net new ARR was negative at EUR -0.4 million due to non-renewed contracts in the first quarter. However, the second quarter saw slightly positive net new ARR of EUR 0.2 million, indicating a recovery.
As expected, service revenues declined 14% to EUR 3.2 million, reflecting the partner-first strategy, while the service margin improved after a major project acceptance. License and maintenance revenues fell 40% to EUR 2.0 million, in line with the focus on cloud business. Gross profit rose 1% to EUR 7.7 million, and gross margin increased by five percentage points to 49%. Operating expenses decreased 11% to EUR 7.5 million, contributing to a 14% decline in total expenses to EUR 15.6 million.
EBITDA improved to EUR 1.8 million from EUR 0.7 million, and EBIT turned positive at EUR 0.1 million. Earnings after taxes were nearly break-even at EUR -54,000, with earnings per share of EUR 0.00. Cash flow from operating activities increased significantly to EUR 4.3 million, and cash and cash equivalents rose to EUR 11.1 million. The equity ratio remained stable at 35%.
CEO Markus Dranert said the cost discipline is paying off and the company is on track to meet its full-year EBIT target. He noted early signs of increased customer investment, with cloud orders up 26% and net new ARR slightly positive in Q2. The Spring 2026 Release, launched in May, helps B2B companies adopt AI and achieve cost savings through pre-integrated agents and copilots, positioning Intershop to benefit from the shift toward agentic commerce.
Intershop confirmed its forecast for 2026, expecting incoming cloud orders and net new ARR at the prior year's level, revenues declining slightly less than in 2025, and a balanced EBIT. The interim report is available at https://www.intershop.com/financial-reports.
View the original release on www.newmediawire.com.
