Intershop Communications AG | Press Release |
Progress of Strategic Shift Acknowledged at Intershop Shareholders’ Meeting
- Board illustrates focus on B2B, Commerce Cloud, Synaptic Commerce and go-to-market strategy
- Christian Oecking and Professor Louis Velthuis elected to supervisory board
Jena, Germany, June 2, 2016 –The board of Intershop Communications AG presented the progress of the transformation from service provider to omni-channel solution provider to shareholders and outlined the strategic priorities at today’s shareholders’ meeting.
The chairman, Dr. Jochen Wiechen, commented in detail on the results of the 2015 fiscal year and the numbers from the first quarter of 2016. Furthermore, he outlined the measures for expanding Intershop’s leading position in the B2B sector and strengthening involvement with the new cloud solution and in the area of Synaptic Commerce.
Axel Köhler, Chief Operating Officer, spoke about the sales and product strategy. According to him, the expanded partner strategy in sales has been quite successful and Intershop is in a good position with flexible sales units and a focus on important core markets.
The board confirmed that revenue for the 2016 fiscal year is expected to remain at the previous year’s level and that operating results (EBIT) are expected to increase slightly.
Attendance at this year’s shareholders’ meeting accounted for just under 49% of share capital. All agenda items with the exception of the approval of one board member were passed by a large majority. This included the proposed resolutions to create a new authorized capital and the election of the two new supervisory board members Christian Oecking and Professor Louis Velthuis.
Dr. Jochen Wiechen: “We look forward to working with the new members of the supervisory board and thank the shareholders for their trust in and support of the successful implementation of the company’s strategic shift.”
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.