21.09.2016
elumeo SE DE000A11Q059
DGAP-News: elumeo SE: Positive sales trend continues for elumeo in July and August 2016
DGAP-News: elumeo SE / Key word(s): Development of Sales
elumeo SE: Positive sales trend continues for elumeo in July and August 2016
21.09.2016 / 08:47
The issuer is solely responsible for the content of this announcement.
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Berlin, 21 September 2016 - elumeo SE, a leading electronic retailer of
gemstone jewelry in Europe, posted further sales growth in the months of
July and August 2016 thanks to the sales measures introduced and
communicated in the second quarter.
"The sales measures introduced at the start of the second quarter of 2016
had a positive impact on our sales in the first two months of the third
quarter, despite the traditionally weaker sales in midsummer," commented
Wolfgang Boyé, Chairman of the Executive Board of elumeo SE.
elumeo SE had already announced these revenue-related measures in a
Corporate News announcement on 21 June 2016. They include new television
program formats and special programs for the KAT FLORENCE Collection. The
roll-out of a comparable package of measures in Italy at the end of the
second quarter is also showing initial positive effects on the Italian
market.
"In light of how sales are developing, we are confident that the Group's
revenues in the third quarter of 2016 will be well above the level of the
prior-year period that was influenced by one-off effects just as we had
expected," commented Bernd Fischer, CFO and speaker of the Executive Board
of elumeo SE.
In July and August 2016, consolidated turnover increased by 38.4% to EUR
12.5 million after EUR 9.0 million compared to the same period of last
year. Overall, the significant revenue growth was realized in the area of
e-commerce sales, which continues to grow disproportionately strongly
compared to the same period of last year. In addition, the classic TV
business has also developed positively in the German market.
The decline in sales in Italy was reduced significantly compared to
previous quarters. In the UK, sales figures were once again at a stable
level compared to the same period of last year. Overall, however, the
business in the UK is still under great pressure due to the ongoing
currency pressure that the British pound is under.
elumeo SE will announce the complete consolidated financial figures for the
entire third quarter of 2016 on Thursday, 17 November 2016.
About elumeo SE:
The elumeo Group, which has its headquarters in Berlin, is a leading
European online retailer of high-quality gemstone jewelry, which the Group
mainly produces itself in Thailand. The publicly traded company elumeo
offers its customers in Europe coloured gemstone jewelry at comparatively
low prices via a number of electronic distribution channels (including
television, the Internet, smart TV and a smartphone app). Its distribution
model relies exclusively on direct sales. For instance, the elumeo Group
operates home-shopping TV channels in Germany, the UK and Italy, and online
stores in Germany, the UK, Italy, France, the Netherlands, Spain, Belgium
and the USA. Lower cost items are marketed to customers worldwide via the
Hong Kong-based "New York Gemstones" online stores. Furthermore, the
company now also offers a full line of jewelry on schmuck.de.
The elumeo Group's product range includes jewelry made from a variety of
different gemstones, with some of the pieces designed partly by the
customers themselves. The Group is also represented in the market for
high-end gemstone jewelry with its premium brand AMAYANI and sells the KAT
FLORENCE jewelry line.
The elumeo Group was founded in Berlin, Germany, and Chanthaburi, Thailand,
as a joint venture in 2008 and has grown very successfully ever since. In
2014, the companies that comprised the Group underwent a formal merger to
bundle the operating business under the holding company elumeo SE. The
elumeo Group employs approximately 1,100 people at five different locations
worldwide.
Contact:
elumeo SE
Investor Relations
Alexander Enge
Erkelenzdamm 59/61, 10999 Berlin
Phone: +49 30 69 59 79-231
Fax: +49 30 69 59 79-650
e-mail: [email protected]
http://www.elumeo.com
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21.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: elumeo SE
Erkelenzdamm 59/61, Portal 3b
10999 Berlin
Germany
Phone: +49 30 69 59 79-0
Fax: +49 30 69 59 79-20
E-mail: [email protected]
Internet: www.elumeo.com
ISIN: DE000A11Q059
WKN: A11Q05
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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503911 21.09.2016
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