DGAP-News

elumeo SE continues positive business development from 2020 - Seite 2

For the full year 2021, the management confirms its previous forecast. While the company expects high volatility and risks related to the COVID-19 pandemic to continue this year, revenue growth is still expected to be in the low double-digit % range. For the gross profit margin, management projects a stable development of more than 50%. Gross profit is also expected to develop slightly disproportionately. Adjusted segment EBITDA 2021 is expected to be in the low to mid-single-digit million range.

 

About the company:

The elumeo Group, headquartered in Berlin, is the leading European company in the electronic distribution of high-quality gemstone jewelry, mainly produced in India and Thailand. elumeo's goal is to make high-quality gemstone jewelry an affordable luxury for everyone.

Through a variety of electronic distribution channels (such as TV, the Internet, Smart TV and Smartphone App), the listed company offers its customers primarily colour gemstone jewelry at comparatively low prices. The company sells its jewelry predominantly through direct sales. For example, the elumeo Group operates home shopping television stations in Germany and Italy as well as web shops in Germany, the UK, Italy, France, the Netherlands, Spain and Belgium.

Contact:

elumeo SE

Investor Relations

Erkelenzdamm 59/61

10999 Berlin

Tel.: [phone]

Fax: [phone]

E-Mail: [e-mail]

 

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12.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	elumeo SE
	Erkelenzdamm 59/61, Portal 3b
	10999 Berlin
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.elumeo.com
ISIN:	DE000A11Q059
WKN:	A11Q05
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart
EQS News ID:	1195471