Intershop Communications AG (ISIN: DE000A254211), a global provider of agentic B2B commerce solutions, reported financial results for the first half of 2026. 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, a significant improvement from the EUR -0.9 million loss in the first half of 2025. This turnaround was driven by cost-cutting measures and solid cloud business performance.
Cloud revenues rose 4% to EUR 10.5 million, representing 67% of total revenues, up from 59% a year earlier. The cloud margin improved to 66% from 64%. Incoming cloud orders surged 26% to EUR 8.4 million, while cloud annual recurring revenues (ARR) stood at EUR 19.8 million, slightly down from EUR 20.1 million. New ARR increased 10% to EUR 1.4 million, though 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, signaling a recovery.
As expected, service revenues declined 14% to EUR 3.2 million due to the partner-first strategy, but the service margin improved after a major project acceptance. License and maintenance revenues fell 40% to EUR 2.0 million as the company focuses on cloud business. Gross profit rose 1% to EUR 7.7 million, and gross margin expanded 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 reached EUR 1.8 million, up from EUR 0.7 million, and earnings after taxes were nearly break-even at EUR -54 thousand, compared to a loss of EUR 1.1 million. Cash flow from operating activities improved significantly to EUR 4.3 million from EUR 1.9 million. Cash and cash equivalents rose to EUR 11.1 million as of June 30, 2026, from EUR 8.8 million at year-end 2025.
CEO Markus Dranert commented: “Our consistent cost discipline paid off, and we are on track to meet our full-year target for the operating result. Incoming cloud orders rose 26%, and net new ARR turned slightly positive in Q2, indicating a more substantial recovery despite a challenging macro environment. Our Spring 2026 Release, launched in May, helps B2B companies achieve cost savings through pre-integrated agents and copilots, positioning Intershop to benefit from the shift toward agentic commerce.”
Intershop confirmed its full-year 2026 forecast, expecting incoming cloud orders and net new ARR at the prior year’s level, a slightly smaller revenue decline, and a balanced operating result. The interim report is available at https://www.intershop.com/financial-reports.
