EQS-Adhoc

elumeo SE has published preliminary figures for 2023: Revenue stable compared to previous year, Web revenue significantly positive, adjusted EBITDA declining

EQS-Ad-hoc: elumeo SE / Key word(s): Annual Report elumeo SE has published preliminary figures for 2023: Revenue stable compared to previous year, Web revenue significantly positive, adjusted EBITDA declining 29-Apr-2024 / 20:30 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

 

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

 

elumeo SE has published preliminary figures for 2023: Revenue stable compared to previous year, Web revenue significantly positive, adjusted EBITDA declining

Berlin, April 29, 2024

 

ISIN: DE000A11Q059

WKN A11Q05

Stock symbol: ELB

LEI: 391200KOQF8RGMZ3XK74

Exchange: Regulated market in Frankfurt (Prime Standard)

 

Berlin, April 29, 2024 – elumeo SE (ISIN DE000A11Q059), the leading electronic retailer for gemstone jewelry in Europe, today announced the preliminary consolidated figures for the fiscal year 2023. The completion of the audit and the publication of the consolidated financial statements are scheduled for April 30, 2024. Based on the preliminary figures now available, forecasts have been made for revenue and gross profit margins, but the forecast for adjusted EBITDA has been missed. The assumption for the expected growth of the Web distribution channel was significantly exceeded.

While the company was able to maintain the revenue level of the previous year at the Group level and generated €45.4 million (2022: €45.8 million), the key performance indicator of the elumeo Group, adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA), declined. It decreased from €2.2 million to €-0.4 million. Reasons for the unexpectedly sharp decline were investments for further internationalization of the TV distribution channel (€0.6 million), an above-average investment in the Web distribution channel in Q4 2023 (€0.9 million), and the inflation-induced decline in gross profit margin to 50.0% (2022: 54.9%).