22.03.2018
elumeo SE DE000A11Q059
DGAP-News: elumeo SE: elumeo SE publishes consolidated financial statements for the year 2017
DGAP-News: elumeo SE / Key word(s): Final Results
elumeo SE: elumeo SE publishes consolidated financial statements for the
year 2017
22.03.2018 / 06:32
The issuer is solely responsible for the content of this announcement.
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elumeo SE releases Consolidated Financial Statements for 2017
- 15.5% increase in Group revenue from continued operations
- 11.9% gross profit growth
- Significant improvement in total segment EBITDA
- Positive EBITDA from continued operations
Berlin, 22 March 2018 - elumeo SE, the leading electronic retailer for
gemstone jewelry in Europe, published its Consolidated Financial Statements
for 2017 today. Group revenue from continued operations increased by 15.5%
from EUR 59 million in 2016 to EUR 68 million in 2017. Revenue rose sharply,
particularly in Germany (EUR 53 million in 2017 compared to EUR 44 million
in 2016), buoyed by newly initiated sales activities and recently launched
new collections. This resulted in revenue growth of 15.5% in the "Sales
Germany & Italy" segment from EUR 54 million in 2016 to EUR 63 million in
2017. B2B activities drove the revenue in the "Other Sales Business" segment
up 15.4% from EUR 4 million in 2016 to EUR 5 million in 2017.
E-commerce business grew as in recent years by posting a 36.4% rise from EUR
17 million in 2016 to EUR 23 million in 2017. The classic online shop
business increased by 20.7% from EUR 7 million to EUR 8 million in 2017.
E-commerce revenue growth of 52.1% can be attributed to mobile apps and
online bidding agents, rising from EUR 10 million in 2016 to EUR 15 million
in 2017. TV revenue also increased by 5.1% from EUR 38 million in 2016 to
EUR 40 million in 2017.
Total segment EBITDA improved significantly from financial year 2016,
bolstered, apart from revenue growth, by further cost-cutting measures. This
resulted in total segment EBITDA improving by 64.9% from EUR -3.8 million in
2016 to EUR -0.3 million in 2017. Unadjusted EBITDA from continued
operations improved by EUR 7.5 million from last year to EUR +10 thousand.
Gross profit increased by 11.9% from EUR 26.7 million in 2016 to EUR 29.8
million in 2017. The gross profit margin stayed steady at nearly the same
level (44.1% in 2017 after 45.6% in 2016).
"Our development in the last three quarters of 2017 was very satisfying and
is a step in the right direction. It suggests we can expect the Group to
achieve slight revenue growth and an improved gross profit margin in 2018.
We expect our cost base to improve in relation to revenue and forecast
clearly positive total segment EBITDA for 2018 and a steady improvement in
quarterly results throughout the year. The Executive Board is aiming for
moderate single-digit revenue growth in 2018 for the Sales Germany & Italy
segment and positive segment EBITDA in the low single-digit million range.
We are expecting a significant boost in 2018 from gross profit margin
development. In the Other Sales Business segment, we expect developing B2B
sales to contribute to a single-digit increase in revenue, a slightly
improved gross margin and generally improved EBITDA for 2018. In the
Corporate Functions & Eliminations segment (no sales), we expect segment
EBITDA to remain at the same negative level in 2018 as in 2017," commented
Bernd Fischer, CFO and spokesman of the Executive Board of elumeo SE.
Wolfgang Boyé, Chairman of the Executive Board of elumeo SE, added:
"Increasing profitability remains our top priority in 2018. Following our
successful restructuring, the Executive Board expects positive total segment
EBITDA in the low single-digit million range in 2018."
The complete 2017 Annual Report is available as of today on the company's
website http://www.elumeo.com in the IR/Financial Reports section.
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
mostly produces itself in Thailand. The publicly traded company elumeo
offers its customers in Europe colored 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 mainly on direct sales. The elumeo Group has home shopping TV
channels in Germany and Italy, as well as web shops 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.
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
form elumeo SE. The elumeo Group employs approximately 1,100 people at five
different locations worldwide.
Contact:
elumeo SE
Investor Relations
Claudia Erning
Erkelenzdamm 59/61, 10999 Berlin
Phone: +49 30 69 59 79-231
Fax: +49 30 69 59 79-650
email: [email protected]
http://www.elumeo.com
Contact:
Bernd Fischer, managing director (CFO).
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22.03.2018 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.
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Financial/Corporate News and Press Releases.
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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, Munich, Stuttgart
End of News DGAP News Service
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667203 22.03.2018
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