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elumeo SE: elumeo SE achieves profitable growth - publication of the 2015 half-year report

DGAP-News: elumeo SE / Key word(s): Half Year Results
elumeo SE: elumeo SE achieves profitable growth - publication of the
2015 half-year report

28.08.2015 / 07:29

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elumeo SE achieves profitable growth - publication of the 2015 half-year
report

- Sales increased significantly in the first half of 2015 thanks to
strong customer feedback and high winter sales

- Significant rise in EBITDA in the first half of 2015 compared to last
year

- The online business benefited from the market trend and the consistent
corporate strategy

Berlin, 28 August 2015 - elumeo SE, a leading electronic retailer of
gemstone jewelry in Europe, published its financial report for the first
half of 2015 today. Strong winter sales and the positive response from its
customers to the new product collections contributed decisively to the
positive development of the company that has been listed in the Prime
Standard of the Frankfurt Stock Exchange since 3 July 2015. elumeo SE's
growing online business also benefited from the current market trend, in
particular, and managed to acquire significant new customers in this
distribution channel in the first half of 2015.

Compared to the same period of last year, revenues increased significantly
in the first half of 2015 by 21.7% to EUR 39.5 million (previous year: EUR
32.5 million). Besides sales, the company was also able to improve its
profitability in the first half of 2015. EBITDA (earnings before interest,
taxes, depreciation and amortisation) adjusted for special effects and IPO
and restructuring costs rose disproportionately to sales by 30.6% to EUR
1.9 million compared to EUR 1.5 million in the same period last year. The
EBITDA margin of 4.8% of revenues in the first half 2015 was thus around
0.3% points higher than last year. While only around 22% of new customers
were acquired via the online business and about 65% via TV sales channels
in the first half of 2014, around 45% of the new customers have already
been acquired through the online business in the first half of 2015. This
means TV distribution channels have been overtaken by online business by
approximately 2% points for the first time with respect to acquiring new
customers.

Bernd Fischer, CFO and Spokesman of the Executive Board of elumeo SE,
commented as follows: "The first half of the year marks a strong start to a
successful financial year 2015. We managed to expand our business
activities and grow profitably. This positive development is also reflected