elumeo SE / Key word(s): Change in Forecast
elumeo SE: Preliminary figures for financial year 2020 significantly above expectations
Berlin, 26 January 2021
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:
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.
26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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+49 30 69 59 79-20
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