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INTERSHOP COMMUNICATIONS AKTIENGESELLSCHAFT

(ISH2)
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PR 23nd Feb 2021, 09:45 CET Swedish wholesaler Galatea instant market leader with Intershop Commerce Platform Read

04/15/2021 | 04:45am EDT
  • Martin & Servera daughter company successful with web shop for alcoholic beverages
  • B2B company grows by inspiring B2C customers
  • Perfect customer experience for both B2B and B2C

Jena, Germany, February 23, 2021 - As a B2B player, Galatea serves both B2B and B2C customers with their new web shop based on the Intershop Commerce Platform. Galatea is Sweden's largest international beer importer, Scandinavia's leading wholesaler of alcoholic beverages and a main supplier for the state-owned company Systembolaget which holds a monopoly on the sale of alcoholic beverages to end customers in Sweden. To fuel indirect sales it was extra important for Galatea to develop strategies for connecting with consumers and to implement these in their digitalization approach.

B2C as key to success in B2B business
Galatea created a web shop that addresses both B2C and B2B customers and takes into account their different needs. The B2C customer visits Galatea.se to find inspiration, like wine and food combinations. Clever navigation design leads them directly to the Systembolaget online store where they can place their order.

Digital ordering convenience for B2B customers
Until recently, B2B customers placed their orders exclusively by phone, e-mail or fax. Since September all items can also be ordered online. Ulf Sedlacek, Sales Director at Galatea: 'For our B2B customers, we have implemented by far the most modern e-commerce platform in the industry. It offers them a range of intelligent, digital functionalities making their daily jobs much easier.'

With regard to digital transformation, Galatea benefits from the experience of its mother company Martin & Servera. They revolutionized the B2B market for food, beverages, and catering supplies with their Intershop-based commerce platform. Its scalable architecture helps subsidiaries to quickly and cost-effectively achieve similar opportunities. Underlying processes and functionalities of Galatea and Martin & Servera are identical: both stores are managed via the same platform.

Markus Klahn, COO at Intershop, is pleased about Galatea: 'Innovative, fast and successful - this project is one of a series of successful digitalization projects for our customers. We are proud to contribute significantly with our solution. In the shortest possible time, standards are set on the market that ensure real competitive advantages. We congratulate Galatea on this young success story.'

More details on Galatea´s webshop can be found here.

About Galatea
Galatea is Sweden's largest international beer importer and Scandinavia's leading wholesaler of alcoholic beverages, including top international brands from over 20 countries. Acquisitions in the booming markets for craft beer and spirits and the takeover of the wine retailer Domaine Wines in 2020 made Galatea a full-range wine supplier for the catering industry and the state-owned company Systembolaget.

Disclaimer

Intershop Communications AG published this content on 15 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2021 08:44:07 UTC.


© Publicnow 2021
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Financials
Sales 2021 35,7 M 41,9 M 41,9 M
Net income 2021 1,31 M 1,54 M 1,54 M
Net cash 2021 9,06 M 10,6 M 10,6 M
P/E ratio 2021 63,7x
Yield 2021 -
Capitalization 82,0 M 96,3 M 96,2 M
EV / Sales 2021 2,04x
EV / Sales 2022 1,85x
Nbr of Employees 294
Free-Float 99,5%
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INTERSHOP Communications Aktiengesellschaft Technical Analysis Chart | ISH2 | DE000A0EPUH1 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 5,78 €
Average target price 5,24 €
Spread / Average Target -9,43%
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Managers and Directors
Jochen Wiechen Chief Executive Officer
Christian Oecking Chairman-Supervisory Board
Markus Klahn Chief Operating Officer
Louis Velthuis Member-Supervisory Board
Ulrich Praedel Vice Chairman-Supervisory Board
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