Elumeo SE: Defying 2023's Tough Market, Paving Way for Profitable Growth in 2024

• elumeo SE, a leading electronic retailer for gemstone jewelry in Europe, maintained its revenue level in 2023 at €45.4 million, with web distribution channel revenue increasing by 8.4% to €14.5 million.
• The company's adjusted EBITDA decreased from €2.2 million to €-0.4 million due to investments in TV and web distribution channels and a decline in gross profit margin to 50.0%.
• Operating cash flow improved from €-1.3 million to €-0.1 million due to operational improvement measures.
• The company launched a new platform for the international expansion of Juwelo's video offering in the third quarter of 2024.
• After introducing JooliPay in India, the GMV of the video shopping platform grew from INR 27,366 in October 2023 to INR 407,122 in March 2024.
• elumeo SE expects a return to profitable growth in 2024, with anticipated mid-single-digit revenue growth between 4% and 8%, and a disproportionate increase in adjusted EBITDA between €1.5 million and €3.5 million.

The next important date, Publication Annual Financial Report, at elumeo is on 30.04.2024.

The price of elumeo at the time of the news was 2,2700EUR and was up +0,44 % compared with the previous day.
11 minutes after the article was published, the price was 2,2800EUR this corresponds to a plus of +0,44 % since publication.

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ISIN:DE000A11Q059WKN:A11Q05

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