17.11.2016
elumeo SE DE000A11Q059
DGAP-News: elumeo SE: elumeo increases sales and gross profit in the third quarter
DGAP-News: elumeo SE / Key word(s): 9-month figures
elumeo SE: elumeo increases sales and gross profit in the third quarter
17.11.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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elumeo increases sales and gross profit in the third quarter
* elumeo back on track to growth in its core market
* Development in the area of eCommerce continues to be positive
* Restructuring of activities in the United Kingdom
Berlin, 17 November 2016 - elumeo SE, a leading electronic retailer of
gemstone jewelry in Europe, released its results for the third quarter and
for the first nine months of 2016 today.
At EUR 18.5 million, revenue in the third quarter of 2016 was significantly
(25.9%) higher than in the same quarter of the previous year (Q3 2015: EUR
14.7 million), which was characterised by one-off effects. The sales
figures of EUR 53.7 million for the nine-month period of 2016 are at the
same level as in the previous year (EUR 54.2 million).
Revenue in the eCommerce area rose from EUR 3.1 million in Q3 2015 by 93.5%
to EUR 6.0 million in Q3 2016. Furthermore, the new program scheme in the
German TV business has met with great customer acceptance and enabled the
company to achieve a significant 23.6% increase in revenue from EUR 8.9
million in the third quarter of 2015 to EUR 11.0 million in the third
quarter of 2016.
At 43.5% in the third quarter of 2016, the gross profit margin was at the
same level of the previous year's period. With a gross profit margin of
37.9%, TV activities in the UK in particular exerted great pressure on
earnings. The gross profit margin on TV in Germany, on the other hand,
which amounted to 50.6%, developed positively. Gross profit thus increased
from EUR 6.4 million in the third quarter of 2015 to EUR 8.0 million in the
third quarter of 2016. With respect to the first nine months of 2016, gross
profit amounted to EUR 23.8 million, which is only 9.5% below the same
period of the previous year (EUR 26.3 million), while the gross profit
margin decreased from 48.5% to 44.3% by nine-month comparison.
The main reason for the sharp decline in the gross profit margin in the UK
is the significant drop in the British pound against the Thai baht. The
resulting cost increases for the products could not be passed on to
customers.
elumeo SE will restructure its business in the UK in light of this
development and close unprofitable areas of its business by the end of the
year. From the restructuring of the activities in the UK elumeo SE expects
the Group's EBITDA to be slightly negative impacted in the fourth quarter
of 2016.
Due to the positive development of the other divisions, the strain because
of the exchange rate decline in Great Britain in the third quarter was
partly offset. Total segment EBITDA in the third quarter was thus
significantly higher than in the same quarter of the previous year, which
was adversely affected by one-off effects, and improved from EUR -3.1
million to EUR -1.5 million. Nevertheless, segment EBITDA still declined
from EUR -1.1 million to EUR -5.2 million. The total EBITDA corresponds to
adjusted EBITDA in the reporting period. In the third quarter of 2016, a
total Group result of EUR -2.4 million was posted after EUR -5.1 million in
the third quarter of 2015 (first 9 months of 2016: EUR 8.6 million, first 9
months of 2015: EUR -3.6 million).
The complete Group figures for the third quarter and for the first nine
months of 2016 are available on the Internet at:
http://www.elumeo.com/ir/publications.
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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17.11.2016 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.
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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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