Elumeo SE's 2023 Preliminary Report: Stable Revenue, Web Earnings Surge, EBITDA Dips

• elumeo SE has released preliminary figures for 2023, with revenue stable compared to the previous year.
• The company's web revenue saw a significant increase, exceeding expected growth.
• Adjusted EBITDA, however, declined from €2.2 million to €-0.4 million.
• Reasons for the sharp decline include investments for further internationalization of the TV distribution channel, an above-average investment in the Web distribution channel in Q4 2023, and an inflation-induced decline in gross profit margin.
• Revenue from the Web distribution channel increased by 8.4% compared to the previous year to €14.5 million, due to higher growth in sales in the fourth quarter of 2023.
• elumeo SE is a leading electronic retailer for gemstone jewelry in Europe, operating home shopping television channels and webshops in several countries.

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

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