The leading electronic retailer for gemstone jewelry in Europe
Summary of key developments
The elumeo Group continued its positive business development. Revenues increased QoQ by 28% from EUR 10.3 million to EUR 13.2 million, gross profit increased above average by 56% from EUR 4.6 million to EUR 7.2 million and EBIT from EUR -1.3 million to EUR 0.8 million.
Cash level on strong 2.4m€, strong decrease of trade liabilities.
Revenue of classic web shop increased by 41%, gross profit increased by 81%. Also the German TV business developed very positively and managed to record the most successful first quarter in the company`s history.
Successful launch of Mein Juwelo, average numbers of videos watched per day clearly increasing.
In 2021 sales growth in the low double-digit percentage range from the further growth of the web shops. Stable development of more than 50% for the gross profit margin. Due to the unpredictable uncertainties due to the COVID-19 pandemic, Adjusted EBITDA will likely be in the low to mid single-digit million range.
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Table of contents
elumeo at a glance
Key developments in Q1 2021
Financials Q1 2021
Outlook
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elumeo's business model is founded on three pillars
Vertically integrated and scalable
Multiple electronic distribution channels
Live and interactive sales
value chain
features
Traditional jewelers
Interactive TV
Gemstone >
>
>
> Customer
Gemstone >
>
> Customer
Online Bidding Agent
Mobile App
Up to 4 times faster and strong price advantage
Fast reaction times and low
Presence in all electronic
Video content transports both
production cost
distribution channels
facts and emotion
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Table of contents
elumeo at a glance
Key developments in Q1 2021
Financials Q1 2021
Outlook
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Disclaimer
elumeo SE published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 13:44:07 UTC.
Elumeo SE is a Germany-based is a manufacturer and electronic retailer of gemstone jewelry. The Company markets products through its online shop and through live television under the Juwelo, Rocks and Co. and AMAYANI brands. Its core markets are Germany, Italy, France, the Netherlands, Belgium, Spain and the United Kingdom.