Intershop general shareholders’ meeting: The Board of Directors describes progress in repositioning process

  • Strategic “Lighthouse 2020” program beginning to take hold
  • Intershop benefits from digitalization trend
  • Supervisory Board reelected

Jena, Germany, May 9, 2017 – The Board of Directors at Intershop Communications AG presented the status of the company’s growth and repositioning process, which was initiated in autumn of 2016 as part of the strategic “Lighthouse 2020” program, at today’s general shareholders’ meeting.

The chairman, Dr. Jochen Wiechen, explained to shareholders how Intershop is countering the unsatisfactory growth of the previous year as well as the progress made in the first fiscal quarter of 2017. “Our successful start to the new fiscal year is a good initial measure reflecting the progress of focusing on wholesale and the expansion of our cloud offer. Furthermore, the development of our project pipeline and our new partnership with Microsoft have allowed us to boldly forge our way into the future,” Dr. Wiechen said.

Chief Operating Officer Axel Köhler then spoke of the changes the market is undergoing due to the digital transformation as well as how Intershop is responding by the expansion of its portfolio of solutions and the expansion of its partner network. “Our Lighthouse program is being implemented systematically and has allowed us to strengthen our customer acquisition and customer loyalty activities,” Köhler explained.

Attendance at this year’s shareholders’ meeting accounted for just under 37% of share capital. Shareholders approved all of the administration’s suggestions by an overwhelming majority, including electing Supervisory Board members Christian Oecking, Ulrich Prädel and Dr. Louis Velthuis.

Mr. Oecking was elected as Chairman of the Supervisory Board and Mr. Prädel as his deputy at the inaugural meeting of the Supervisory Board that followed.

About Intershop

Intershop (founded in Germany 1992; Prime Standard: ISHA) enables the world’s leading manufacturers and wholesalers to digitalize, transform, and boost their businesses. Our e-commerce platform and cloud-based technology give B2B companies the power to establish and expand their digital presence, improve customer experience, and increase online revenue. With 30 years experience and a global presence, we help our 300+ clients turn products into profits, customers into business partners, and transactions into lasting relationships.

Intershop is built to boost your business. Learn more at www.intershop.com.

 

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

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Mercedes Zaremba
Mercedes Celine Zaremba Corporate Communications Manager Phone