Intershop Communications AG | Press Release |
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.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online 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.