Elumeo SE: Jewelry Giant Triumphs Over 2023 Market Challenges, Paves Way for Profitable 2024 Growth

• elumeo SE, a leading electronic retailer for gemstone jewelry in Europe, maintained its revenue level in 2023 at €45.4 million, nearly the same as the previous year's €45.8 million.
• Revenue from the Web distribution channel increased by 8.4% to €14.5 million, due to higher sales growth in the fourth quarter of 2023.
• Adjusted EBITDA decreased from €2.2 million to €-0.4 million due to investments for further internationalization of the TV distribution channel, an above-average investment in the Web distribution channel, and the inflation-induced decline in gross profit margin to 50.0%.
• Operating cash flow improved from €-1.3 million to €-0.1 million due to a variety of individual operational improvement measures.
• The video shopping app Jooli saw significant growth in 2023, with the number of monthly orders in the Indian market increasing from 202 orders in October 2023 to 1,353 orders in March 2024.
• For the fiscal year 2024, elumeo SE's management expects a return to profitable growth at the Group level, with a 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.

elumeo

-2,48 %

-1,67 %

+6,31 %

-13,87 %

-5,60 %

-67,45 %

-24,84 %

-92,96 %

-91,57 %

ISIN:DE000A11Q059WKN:A11Q05

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• 3J
• 5J
• 10J
• Max