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elumeo SE: elumeo SE achieves profitable growth - publication of the 2015 half-year report - Seite 2
in our consolidated income, which amounted to EUR 1.5 million, a 7.6%
increase over the same period last year. The increase in new customers
through the online business is particularly pleasing and shows us that we
have taken the right route with our growth strategy."
For the second half of 2015, the Executive Board of elumeo SE expects sales
growth to remain at the same level as in the first half of the year. The
company also expects slightly higher gross margins compared to the
reporting period 2014. The reason for this is firstly the conversion of
gemstone purchases from commission to direct purchase. In addition, elumeo
SE will be using the proceeds from its successful IPO to expand its product
line as planned. Furthermore, the net proceeds of around EUR 32.1 million
are to be invested in strengthening its price leadership and digital and
international expansion.
The complete report on the first half of 2015 is available for downloading
starting today on the company's website http://www.elumeo.com in the
Investor Relations/Financial Reports section.
About elumeo SE:
The elumeo Group, which has its headquarters in Berlin, is a leading
European online retailer of gemstone jewelry, which is produced by the
elumeo Group in Thailand. Via a number of electronic distribution channels
(including television, the Internet, smart TV and smartphone app), the
group offers its customers in Europe colored gemstone jewelry at
comparatively low prices. The distribution model used relies exclusively on
direct sales made via the elumeo Group's home-shopping TV channels in
Germany, the UK and Italy, and via online stores in Germany, the UK,
France, the Netherlands, Spain and Belgium. Low-value items are marketed to
customers worldwide via the Hong Kong-based "New York Gemstones" outlet
channel.
The elumeo Group's product range includes jewelry made from a variety of
different gemstones, with some of the pieces designed partly by the
customers themselves. The Group is also represented in the market for
exclusive gemstone jewelry by the premium brand AMAYANI.
The elumeo Group was founded as a joint venture in 2008 in Berlin and
Chanthaburi, Thailand, and has subsequently expanded to other European
markets. In 2014, the companies involved bundled the operating business
under the holding company elumeo SE. The elumeo Group employs approximately
1,100 people in five different locations worldwide and in 2014 achieved a
consolidated revenue of around EUR 71 million. As well as elumeo SE, which
is based in Berlin, Germany, the Group's subsidiaries include Juwelo TV
starting today on the company's website http://www.elumeo.com in the
Investor Relations/Financial Reports section.
About elumeo SE:
The elumeo Group, which has its headquarters in Berlin, is a leading
European online retailer of gemstone jewelry, which is produced by the
elumeo Group in Thailand. Via a number of electronic distribution channels
(including television, the Internet, smart TV and smartphone app), the
group offers its customers in Europe colored gemstone jewelry at
comparatively low prices. The distribution model used relies exclusively on
direct sales made via the elumeo Group's home-shopping TV channels in
Germany, the UK and Italy, and via online stores in Germany, the UK,
France, the Netherlands, Spain and Belgium. Low-value items are marketed to
customers worldwide via the Hong Kong-based "New York Gemstones" outlet
channel.
The elumeo Group's product range includes jewelry made from a variety of
different gemstones, with some of the pieces designed partly by the
customers themselves. The Group is also represented in the market for
exclusive gemstone jewelry by the premium brand AMAYANI.
The elumeo Group was founded as a joint venture in 2008 in Berlin and
Chanthaburi, Thailand, and has subsequently expanded to other European
markets. In 2014, the companies involved bundled the operating business
under the holding company elumeo SE. The elumeo Group employs approximately
1,100 people in five different locations worldwide and in 2014 achieved a
consolidated revenue of around EUR 71 million. As well as elumeo SE, which
is based in Berlin, Germany, the Group's subsidiaries include Juwelo TV
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