Intershop Holding AG Reports Strong Half-Year Results

Intershop Holding AG achieved a net profit of CHF 175.9 million in the first half of 2025, driven by increased rental income and revaluation gains. The company's operating profit reached CHF 36.0 million, bolstered by successful transactions and reduced vacancy rates in its investment property portfolio. Rental income rose by 8.1% to CHF 44.3 million, with a like-for-like increase of 2.0%.

The firm incurred a 14.4% increase in property expenses, totaling CHF 4.7 million. Despite an uptick in business volume, personnel costs remained unchanged. The equity ratio held steady at 56.2%, and the debt ratio stayed at 33.0%. Effective portfolio management led to significant revaluation gains of CHF 200.2 million, largely on Zurich properties, enhancing the half-year profit.

Intershop's vacancy rate slightly decreased to 7.9%, and its development project pipeline remained robust without delays. The company streamlined its operations to improve efficiency and affirmed its annual rental income growth target of 8%.