Intershop Communications AG (ISIN: DE000A254211) on July 22, 2026, reported its financial results for the first half of 2026, highlighting a 26% increase in incoming cloud orders to EUR 8.4 million and a slightly positive EBIT of EUR 0.1 million, driven by strict cost management. The company confirmed its full-year forecast.
Revenue for the period fell to EUR 15.8 million from EUR 17.2 million a year earlier, reflecting a planned decline in license, maintenance, and service revenues as Intershop shifts to a cloud-first strategy. Cloud revenue rose 4% to EUR 10.5 million, now representing 67% of total revenue, up from 59%. The cloud margin improved to 66% from 64%. Service revenue declined 14% to EUR 3.2 million due to the partner-first strategy, while license and maintenance revenue fell 40% to EUR 2.0 million.
Gross profit increased 1% to EUR 7.7 million, with gross margin expanding five percentage points to 49%. Operating expenses dropped 11% to EUR 7.5 million, and total expenses decreased 14% to EUR 15.6 million. EBITDA rose to EUR 1.8 million from EUR 0.7 million, and EBIT improved to EUR 0.1 million from a loss of EUR 0.9 million. Net loss narrowed to EUR 0.05 million from EUR 1.1 million, with earnings per share at EUR 0.00.
Cloud annual recurring revenue (ARR) stood at EUR 19.8 million, slightly down from EUR 20.1 million, but new ARR grew 10% to EUR 1.4 million. Net new ARR was negative EUR 0.4 million, largely due to non-renewed contracts in Q1, but turned slightly positive at EUR 0.2 million in Q2. CEO Markus Dranert noted, “Our consistent cost discipline paid off... Incoming cloud orders rose by 26% ... Net new ARR were also slightly positive again in the second quarter, as announced. This means that the recovery is becoming more substantial.”
Cash flow from operations surged to EUR 4.3 million from EUR 1.9 million, and cash and equivalents increased to EUR 11.1 million from EUR 8.8 million at year-end 2025. Equity remained stable at EUR 12.0 million, with an equity ratio of 35%.
Intershop confirmed its 2026 outlook: incoming cloud orders and net new ARR at prior-year levels, a slightly smaller revenue decline, and a balanced EBIT. The company’s interim report is available at https://www.intershop.com/financial-reports.
