EQS-News

elumeo SE: achieves tenth consecutive positive result in the third quarter of 2022

EQS-News: elumeo SE / Key word(s): 9 Month figures elumeo SE: achieves tenth consecutive positive result in the third quarter of 2022 11.11.2022 / 08:10 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

elumeo SE achieves tenth consecutive positive result in the third quarter of 2022

• elumeo with significantly stronger development than the market andpositive operating cash flow of TEUR 82
• Adjusted EBITDA in Q3/2022 of EUR 0.71 million
•  Cost-cutting measures introduced  in Q1/2022 have a lasting effect
• Jooli grows to almost 600 channels worldwide
• Forecast for 2022 confirmed

Berlin, 11.11.2022  – elumeo SE (ISIN DE000A11Q059), the leading electronic retailer for gemstone jewellery in Europe, achieved its tenth positive quarterly result in a row  in Q3/2022 despite a challenging volatile market environment.  Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) amounted  to EUR 710k in the third quarter of 2022 (Q3/2021: EUR 665k +6.8%). EBIT amounted to EUR 110k (Q3/2021: EUR 329k, -66.4%).  Adjusted EBITDA for the first nine months of the 2022 financial year climbed to EUR 1.9 million.

Despite lower  revenues compared to the same period of the previous year, elumeo succeeded in generating  a positive result  in the third quarter of 2022.  Revenues amounted  to EUR  10.9 million in Q3/2022 after EUR 11.7  million in Q3 2021 (-6.4%). The declining sales development results on the one hand from the exceptionally strong growth in the same period of 2021 of 15.3% when the European countries  were in corona-related lockdown and many of elumeo's customers  could only buy gemstones and  jewellery from home . On the other hand, several macroeconomic developments also  had  a negative  impact  on customers' purchasing behaviour  in the third quarter of 2022, in particular the  uncertainties caused by the war in Ukraine and  high inflation. Nevertheless, elumeo  was able to significantly outperform the market  and  generate a positive operating cash flow of EUR 82k.