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elumeo SE: Preliminary figures for financial year 2020 significantly above expectations

·3-min read

elumeo SE / Key word(s): Change in Forecast
elumeo SE: Preliminary figures for financial year 2020 significantly above expectations

26-Jan-2021 / 19:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement pursuant to Art. 17 (1) MAR

elumeo SE: Preliminary figures for financial year 2020 significantly above expectations

Berlin, 26 January 2021

ISIN: DE000A11Q059
WKN A11Q05
Stock exchange symbol: ELB
LEI: 391200KOQF8RGMZ3XK74
Stock exchange: Regulated market in Frankfurt (Prime Standard)

Based on preliminary figures, elumeo SE managed to further improve its key performance indicators in financial year 2020 and exceed its previous expectations. The leading European company for the electronic distribution of high-quality gemstone jewelry significantly increased its revenue, gross profit and earnings. Compared to financial year 2019, sales increased by 9% from EUR 39 million to EUR 42 million. At the same time, the gross profit margin improved from 48.2% to 52.6%. This result, together with the cost-cutting programme completed in 2020, enabled elumeo to generate a clearly positive segment EBITDA of EUR 0.9 million, thus returning to profitability a year earlier than expected. The previous forecast was for revenue growth in the lower single-digit percentage range and an increase in the gross profit margin in the low double-digit percentage range (excluding the closed site in Rome). For segment EBITDA, a result between a negative six-digit amount and break-even was expected.

 

About the company:
The elumeo Group, headquartered in Berlin, is the leading European company in the electronic distribution of high-quality gemstone jewelry, mainly produced in India and Thailand. elumeo's goal is to make high-quality gemstone jewelry an affordable luxury for everyone.

Through a variety of electronic distribution channels (such as TV, the Internet, Smart TV and Smartphone App), the listed company offers its customers primarily colour gemstone jewelry at comparatively low prices. The company sells its jewelry predominantly through direct sales. For example, the elumeo Group operates a home shopping television station in Germany as well as web shops in Germany, Italy, the UK, Italy, France, the Netherlands, Spain and Belgium.

Contact:
elumeo SE
Bernd Fischer, Managing Director (CFO)
Erkelenzdamm 59/61
10999 Berlin
Phone: +49 30 69 59 79-231
Fax: +49 30 69 59 79-650
e-mail: ir@elumeo.com
http://www.elumeo.com

 


 

26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

elumeo SE

Erkelenzdamm 59/61, Portal 3b

10999 Berlin

Germany

Phone:

+49 30 69 59 79-0

Fax:

+49 30 69 59 79-20

E-mail:

info@elumeo.com

Internet:

www.elumeo.com

ISIN:

DE000A11Q059

WKN:

A11Q05

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart

EQS News ID:

1163499


 

End of Announcement

DGAP News Service

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