Software Company - Intershop in the red figures
Jena-based Software company Intershop is reporting red figures after the first half of the year. The Ebit (earnings before interest and taxes) loss amounted to 400,000 Euro and has thus been cut in half compared to the same period last year, according to the interim reports of publicly-traded Intershop AG. The company reported a loss of 700,000 Euro after six months. The CEO, Markus Klahn, told dpa, "We want to write black numbers." So far, customers have been hesitant due to the weak economic conditions. The first half-year revenue amounted to 19.0 million Euro, slightly below the previous year's figure of 19.4 million Euro.
"The economy is not particularly investment-friendly. That makes it quite challenging." However, a slight pick-up is noticeable. Intershop specializes in software that customers can rent or buy licenses for, enabling them to operate their online business via trading platforms.
The quarterly figures for Intershop AG, operating in Germany, indicate a financial challenge, with the company reporting a loss of 700,000 Euro after the first half of the year. Despite the weak economic conditions in Thuringia and Germany, there's a noticeable slight pick-up, offering potential for improved quarterly figures in the future. Intershop's business model revolves around software, offering clients options to rent or purchase licenses for operating their online business through trading platforms, available on the Internet.
