Intershop Reports Increased Profit and Transactions in 2024

Intershop Holding AG reported substantial growth for the year 2024. Net profit rose to CHF 117.5 million, translating to CHF 12.74 per share, up from CHF 82.5 million (or CHF 8.95 per share) in 2023. This growth in profit can be attributed to increased net rental income, which climbed to CHF 73.2 million from CHF 71.8 million, and significant revaluation gains on property, reaching CHF 59.7 million.

The company conducted notable property transactions, acquiring seven properties worth CHF 152.5 million and selling six totaling CHF 77.1 million. Despite these transactions leading to an increased vacancy rate of 8.1%, a long-term strategy anticipates lower vacancy levels moving forward.

Equity grew to CHF 935.0 million, bolstered by retained earnings, while interest-bearing liabilities also increased sharply by 36.9% to CHF 522.0 million. Meanwhile, ongoing efforts in ESG saw a reduction in CO2 emissions and expansion of photovoltaic output.