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  Software company Intershop back in the black | Bit Updates
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Software company Intershop back in the black

Wednesday, February 21st, 2018 | bitcoin updates

    (Picture: intershop.de)
             The German software house Intershop was able to increase its revenue for the first time in 2017 after a loss phase lasting several years. Restructuring and a focus on wholesale brought the turnaround.


        The Jena-based software company Intershop Communications AG has stopped a four-year downtrend in sales and is back in the black. "For us it is important that the structural changes made show initial success," said the CEO of the listed company, Jochen Wiechen.
The specialist in Internet retailing programs achieved a sales increase of five percent in 2017 to 35.8 million euros. Earnings before interest and taxes (EBIT) were slightly higher at € 400,000, after falling by € 2.4 million in 2016.

Intershop had focused on the red money on programs especially for the online business of wholesale companies. In the meantime almost half of the new customers come from this area, explained Wiechen. The Jena-based software house has around 340 employees. "We also stop," said the CEO.
 (dpa) /




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