After a challenging 2024 financial year, the increased use of AI and digitalization as well as a far-reaching restructuring program pave the way for a return to profitability in 2025

EQS-News: elumeo SE / Key word(s): Annual Report After a challenging 2024 financial year, the increased use of AI and digitalization as well as a far-reaching restructuring program pave the way for a return to profitability in 2025 30.04.2025 / 08:58 CET/CEST The issuer is solely responsible for the content of this announcement.

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• Revenue decreases moderately by 4.4% to EUR 43.4 million in 2024 (2023: EUR 45.4 million).
• Adjusted EBITDA falls to EUR -813 thousand (2023: EUR -384 thousand) due to temporary charges. Gross profit decreased slightly by 10.1% to EUR 20.4 million (2023: EUR 22.7 million).
• Operating cash flow turns positive to EUR 251 thousand (2023: EUR -94 thousand).
• Measures of the restructuring program are already showing initial successes, savings of 27% expected on a 12-month basis.
• Outlook for 2025: Sales expected to decline by -15% to -10% with improved adjusted EBITDA.
• Submission of the audited annual financial statements postponed to 7 May 2025 due to pending ESEF certification and required revision of corporate planning; Figures are stable but not yet audited. 

Berlin, 30.04.2025 – elumeo SE (ISIN DE000A11Q059) has presented consolidated figures for the 2024 financial year. In a challenging market environment, the company recorded a moderate decline in revenue of 4.4% and generated revenue of EUR 43.4 million (2023: EUR 45.4 million). On the one hand, this was due to the noticeable reluctance of private households to buy, which was reflected in a negative consumer climate index by the market research company GfK throughout 2024. On the other hand, increased gold and silver prices led to continued pressure on the company's gross profit margin.

The  company's key performance indicator, adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA), also declined in the 2024 financial year. The value fell to TEU -813 (2023: EUR -384 thousand). The Group's gross profit decreased by 10.1% to EUR 20.4 million (2023: EUR 22.7 million), and the gross profit margin decreased accordingly to 47.1% (2023: 50.0%). By contrast, operating cash flow turned significantly positive to EUR 251 thousand (2023: EUR -94 thousand) thanks to optimized working capital management.