Elumeo SE Achieves Profitable Growth in Q1 2024, Marks Strong Comeback

• elumeo SE returns to profitable growth in the first quarter of 2024 - Sales in Q1/2024 increase by 5% to EUR 11.3 million compared to Q1/2023 - Adjusted EBITDA positive again at EUR 148 thousand - Total costs were reduced by 8% to EUR 6.0 million - Gross profit margin falls to 48.5% due to higher COGS - Active customers increased by 7% in Q1
• Sales revenue increased by 5% to EUR 11.3 million in Q1/2024 - Web sales channel saw a 15% increase compared to Q1/2023 - Management confirms forecast for 2024 with mid-single-digit revenue growth - Marketing investments from Q4/2023 led to significant increase in web sales channel - Forecast for May 2024 improved according to GfK data - Jooli video shopping app saw positive development in Q1/2024
• elumeo SE is the leading European company in electronic direct sales of gemstone jewelry - Operates home shopping TV channels and web stores in multiple countries - Subsidiary jooli.com GmbH operates the AI-driven video shopping app Jooli - Jooli is the fastest growing video shopping app in Germany and India - Users can navigate through a broad product portfolio with personalized shopping and gift ideas - Contact information for elumeo SE provided for investor relations
• elumeo SE made a good start to financial year 2024 - Sales revenue increased by 5% in Q1/2024 - Gross profit margin fell to 48.5% due to inflation and higher COGS - Total costs were reduced by 8% to EUR 6.0 million - Adjusted EBITDA positive at EUR 148 thousand - Management confirms forecast for profitable growth in 2024 and medium-term target of #Juwelo100 growth program
• elumeo SE operates in electronic direct sales of gemstone jewelry - Sales revenue increased by 5% in Q1/2024 - Web sales channel saw a 15% increase compared to Q1/2023 - Forecast for 2024 confirmed with mid-single-digit revenue growth - Jooli video shopping app saw positive development in Q1/2024 - Management aims for return to profitable growth at Group level for the year as a whole.

The next important date, Publication of quarterly financial report (as of Q1), at elumeo is on 13.05.2024.

The price of elumeo at the time of the news was 2,3500EUR and did not change compared to the previous day.
14 minutes after the article was published, the price was 2,3600EUR this corresponds to a plus of +0,43 % since publication.

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ISIN:DE000A11Q059WKN:A11Q05

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