03.07.2015
elumeo SE DE000A11Q059
DGAP-News: elumeo SE: First trading day on the Frankfurt Stock Exchange
DGAP-News: elumeo SE / Key word(s): IPO
elumeo SE: First trading day on the Frankfurt Stock Exchange
03.07.2015 / 11:17
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Not for distribution in the United States, Canada, Australia or Japan
Press Release
elumeo SE: First trading day on the Frankfurt Stock Exchange
- Starting today, gemstone jewelry retailer elumeo is listed in the Prime
Standard of the Frankfurt Stock Exchange
- Total gross proceeds from the IPO of EUR 37.5 million at an issue price
of EUR 25.00 per share
- Trading started with an initial price of EUR 25.00
Berlin, 3 July 2015 - elumeo SE ("elumeo" or the "Company"), a leading
electronic retailer of gemstone jewelry in Europe, has successfully
completed its IPO. Starting today, the shares of elumeo SE (ISIN:
DE000A11Q059, WKN: A11Q05) are trading in the Prime Standard of the
regulated market of the Frankfurt Stock Exchange. The first price was EUR
25.00 and this matches exactly to the amount of the issue price.
Wolfgang Boyé, co-founder and Chairman of elumeo SE's Executive Board, rang
the bell for the opening price and celebrated the stock market debut on the
trading floor in Frankfurt together with his team and invited guests.
"We all are very happy with the successful initial listing of elumeo's
shares. The capital increase provides elumeo with the financial flexibility
to pursue our aggressive growth path. For us, this successful completion of
the IPO proves the attractiveness of our business model for investors",
says Wolfgang Boyé and adds: "The investors appreciate our profitable and
sustainable business in our current core markets and believe in our
strategy for the future expansion."
elumeo intends to use the net proceeds from the IPO to broaden its product
offering, to enhance its price leadership as well as to invest in digital
and international expansion. The foundation for these steps will be the
intended move into a new and larger factory in Chanthaburi, Thailand, by
October 2015. Don Kogen, co-founder and Vice-Chairman of the Executive
Board of elumeo, explains: "We want to raise our production level in
Thailand from 3,600 pieces of jewelry per day up to 6,500 and we will
therefore hire new employees. This will provide us with the capital
required for the entry of several new European markets." elumeo plans to
rollout the "live commerce" offer through ten additional local language
websites by 2017. Until 2019, the Company intends to open presences with
local TV channels, warehouses and administration in two more territories.
"In this regard, we are currently focusing on France, Turkey or Spain",
says Wolfgang Boyé.
Bernd Fischer, CFO of elumeo SE, adds: "elumeo is a great success story,
ever since the Company was founded as a Joint Venture in 2008." Since 2009,
elumeo generated an average annual revenue growth of around 30%. In 2014,
Group revenue amounted to around EUR 71 million (2013: around EUR 53
million) and the adjusted EBITDA came in at approx. EUR 4.1 million (2013:
approx. EUR 1.9 million). The well-established German home market accounted
for approx. 60% of 2014 total revenue and generated an adjusted EBITDA
margin of 15 %.
In the first quarter 2015, consolidated revenue increased by around 27% and
amounted to EUR 19.5 million (Q1 2014: EUR 15.4 million). elumeo's
consolidated adjusted EBITDA more than doubled to approx. EUR 0.7 million
(Q1 2014: approx. EUR 0.3 million). The first quarter 2015 also showed a
significant increase in e-commerce revenue, which rose by around 53%. In
Germany, almost half of the new customers (Q1 2015: 41%) ordered via the
various web channels (Q1 2014: 21%), a further proof of elumeo's successful
multi channel approach.
Wolfgang Boyé concludes: "With its IPO, elumeo has reached the next stage
of development. This makes us confident that we will have a successful
future."
About elumeo SE:
The elumeo Group, which has its headquarters in Berlin, is a leading
European online retailer of gemstone jewelry, which is produced by the
elumeo Group in Thailand. Via a number of electronic distribution channels
(including television, the Internet, smart TV and smartphone app), the
group offers its customers in Europe colored gemstone jewelry at
comparatively low prices. The distribution model used relies exclusively on
direct sales made via the elumeo Group's home-shopping TV channels in
Germany, the UK and Italy, and via online stores in Germany, the UK,
France, the Netherlands, Spain and Belgium. Low-value items are marketed to
customers worldwide via the Hong Kong-based "New York Gemstones" outlet
channel.
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
exclusive gemstone jewelry by the premium brand AMAYANI.
The elumeo Group was founded as a joint venture in 2008 in Berlin and
Chanthaburi, Thailand, and has subsequently expanded to other European
markets. In 2014, the companies involved bundled the operating business
under the holding company elumeo SE. The elumeo Group employs approximately
1,100 people in five different locations worldwide and in 2014 achieved a
consolidated revenue of around EUR 71 million. As well as elumeo SE, which
is based in Berlin, Germany, the Group's subsidiaries include Juwelo TV
Deutschland GmbH (also in Berlin); Juwelo Italia, s.r.l. in Rome, Italy;
Rocks and Co Production Limited in Leamington Spa/Warwick, United Kingdom;
Porn Wong Kitt Company Limited with sites in Chanthaburi and Bangkok,
Thailand; and Silverline Distribution Limited, Hong Kong, China.
For further information, see our websites http://www.elumeo.com,
http://www.juwelo.de, http://www.amayani.de, http://www.rocksandco.com,
http://www.juwelo.it, http://www.juwelo.fr, http://www.juwelo.nl,
http://www.juwelo.es, http://www.juwelo.be and http://newyorkgemstones.com.
Contact:
elumeo SE
Public Relations
Helena Seidel
Erkelenzdamm 59/61, 10999 Berlin
Phone: +49 30 69 59 79-231
Fax: +49 30 69 59 79-20
e-mail: [email protected]
cometis AG
Investor Relations
Henryk Deter | Mathias v. Gellhorn
Unter den Eichen 7, 65195 Wiesbaden
Phone: +49 611 20 58 55-35
Fax.: +49 611 20 58 55-66
e-mail: [email protected]
Disclaimer:
This communication is not for publication or distribution, directly or
indirectly, in or into the United States. This communication does not
constitute or form part of an offer of securities for sale or solicitation
of an offer to purchase securities in the United States, Canada, Australia,
Japan or in any other jurisdiction where such offer may be restricted. The
securities must not be offered or sold in the United States unless they are
registered or exempted from registration requirement under US Securities
Act of 1933, as amended (the "Securities Act"). The securities referred to
in this communication have not been, and will not be, registered under the
Securities Act and have not been and will not be - absent from an
applicable exemption from the registration requirements - offered or sold
in the United States or to or for the account or benefit of US persons (as
such term is defined in Regulation S under the Securities Act). There will
be no public offering of securities in the United States or anywhere else,
except for Germany and Luxemburg.
This publication constitutes neither an offer to sell nor a solicitation to
buy securities. The offer will be made solely by means of, and on the basis
of, a published securities prospectus. An investment decision regarding the
publicly offered securities of elumeo SE should only be made on the basis
of the securities prospectus. The securities prospectus is available free
of charge from elumeo SE, Erkelenzdamm 59/61, 10999 Berlin, or on
www.elumeo.com.
This communication is directed only at persons who: (i) are qualified
investors within the meaning of the Financial Services and Markets Act 2000
(as amended) and any relevant implementing measures, and/or (ii) are
outside the United Kingdom, and/or (iii) have professional experience in
matters relating to investments who fall within the definition of
"investment professionals" contained in article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)
(the "Order"), or are persons falling within article 49(2)(a) to (d) (high
net worth companies, unincorporated associations, etc.) of the Order, or
fall within another exemption to the Order (all such persons referred to in
(i) to (iii) above together being referred to as "Relevant Persons"). Any
person who is not a Relevant Person must not act or rely on this
communication or any of its contents. Any investment or investment activity
to which this communication relates is available only to Relevant Persons
and will be engaged in only with/via Relevant Persons.
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03.07.2015 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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Language: English
Company: elumeo SE
Erkelenzdamm 59/61
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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