Intershop Communications AG (ISIN: DE000A254211), a global provider of agentic B2B commerce solutions, reported its financial results for the first half of 2026, highlighting significant growth in its cloud business and improved operational efficiency. The company generated revenues of EUR 15.8 million, down from EUR 17.2 million in the prior year, but achieved a slightly positive EBIT of EUR 0.1 million compared to a loss of EUR 0.9 million in the same period last year.
The cloud business remained a key growth driver, with cloud revenues increasing by 4% to EUR 10.5 million, representing 67% of total revenues, up from 59% a year ago. Incoming cloud orders surged by 26% to EUR 8.4 million, signaling strong customer demand. Cloud ARR stood at EUR 19.8 million, while new ARR grew by 10% to EUR 1.4 million. Net new ARR was negative EUR 0.4 million for the half-year, mainly due to non-renewed contracts in the first quarter, but turned slightly positive at EUR 0.2 million in the second quarter, indicating a recovery.
As part of its partner-first strategy, Intershop saw a planned decline in service revenues, which fell 14% to EUR 3.2 million, though the service margin improved after successful major project acceptance. License and maintenance revenues dropped 40% to EUR 2.0 million, consistent with the company's shift to cloud-based offerings. Gross profit rose 1% to EUR 7.7 million, and the gross margin improved by five percentage points to 49%, driven by cost discipline and higher-margin cloud revenues.
Operating expenses decreased 11% to EUR 7.5 million, contributing to an EBITDA of EUR 1.8 million, up from EUR 0.7 million. Cash flow from operating activities improved significantly to EUR 4.3 million, and cash and cash equivalents increased to EUR 11.1 million as of June 30, 2026. The equity ratio remained stable at 35%.
CEO Markus Dranert attributed the improved profitability to consistent cost measures and noted early signs of increased customer investment. He highlighted the Spring 2026 Release, which incorporates AI-driven agents and copilots, positioning Intershop to capitalize on the shift toward agentic commerce. The company confirmed its full-year forecast, expecting incoming cloud orders and net new ARR at prior-year levels, a slight revenue decline, and a balanced EBIT.
The full interim report is available at https://www.intershop.com/financial-reports.
