Elumeo SE: Preliminary figures for financial year 2020 significantly above expectations (pdf)
January 27, 2021 at 09:18 am IST
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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.comhttp://www.elumeo.com
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elumeo SE published this content on 26 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2021 03:47:06 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.
ELUMEO SE 
