elumeo SE

Quarterly Report • Nov 10, 2023

Quarterly statement Q3/2023

Table of contents
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Group key figures Q3/2023 2
Capital market information 3
Earning release Q3/202 3 4
Basics 4
Business performance 4
Results of operations, net assets and financial position 5
Risk and opportunity report 8
Forecast report 8
Condensed consolidated interim financial statements 9
Consolidated income statement g and consolidated statement of comprehensive income 9
Consolidated balance sheet 10
Consolidated statement of changes in equity 12
Consolidated cash flow statement 14
Imprint 16

Group key figures Q3/2023

EUR thousand [unless indicated otherwise]	Q3 2023	Q3 2022	QoQ in %	9M 2023	9M 2022	QoQ in %
Revenue Gross profit EBITDA Adjusted-EBITDA Depreciation and amortisation EBIT Total comprehensive income Selling and administrative expenses	11,003 5,572 50.6% -53 -0.5% 526 4.8% 224 2.0% -277 -2.5% -292 -2.7% 6,145 55.8%	10,930 6,050 55.4% 326 3.0% 710 6.5% 215 2.0% 110 1.0% 116 1.1% 6,058 55.4%	0.7% -7.9% -116.1% -25.9% 4.2% -351.5% -351.5% 1.4%	33,323 17,165 51.5% -340 -1.0% 607 1.8% 689 2.1% -1,029 -3.1% -1,091 -3.3% 18,580 55.8%	34,453 18,420 53.5% 421 1.2% 1,868 5.4% 668 1.9% -247 -0.7% -343 -1.0% 19,290 56.0%	-3.3% -6.8% -180.7% -67.5% 3.1% -316.6% -218.1% -3.7%
Total assets 1 Total equity1 Working capital 1	22,834 10,193 44.6% 7,192 31.5%	25,919 13,422 51.8% 8,318 32.1%	-11.9% -24.1% -13.5%
Net cash flow from operating activities Net cash flow from investing activities Net cash flow from financing activities	-129 -50 135	82 -13 -93	-257.3% -284.6% 245.7%	-456 -3 129	1,498 -36 -276	-130.4% 91.6% 147.0%
Items sold [pieces in t] Number of active customers (in t) Average number of items sold per active customer [pieces]	162 39 4.2	139 33 4.2	16.9% 15.8% 0.9%	477 72 6.6	411 66 6.2	16.1% 9.3% 6.2%
Average sales price (ASP) [EUR] Gross profit per item sold [EUR] Average basket [EUR]² Share marketing expenses of revenue webshop Customer Value after one year³ Customer Value after five years³	68 34 172 21.0% 310 814	79 44 184 19.5% 309 892	-13.8% -21.2% -6.5% 1.5 p.p. 0.3% -8.7%	70 36 176 20.9%	84 45 194 18.8%	-16.7% -19.7% -9.3% 2.1 p.p.
Web traffic breakdown
[in % of channel] Organic Direct Paid Mail Other	16.7% 10.4% 47.7% 6.2% 19.0%	21.4% 12.5% 41.4% 8.3% 16.4%	-4.7 p.p. -2.1 p.p. 6.3 p.p. -2.2 p.p. 2.6 p.p.	16.8% 10.4% 48.5% 6.0% 18.3%	22.5% 11.3% 39.9% 7.9% 18.4%	-5.7 p.p. -1.0 p.p. 8.6 p.p. -1.9 p.p. -0.1 p.p.
New customers breakdown
TV Web	1,802 9,325	1,746 6,448	3.2% 44.6%	5,437 25,124	5,326 20,983	2.1% 19.7%

1 In absolute terms and as % of total assets; previous year's figure: 31.12.2022

^²Average basket before cancellations and returns

³ Based on rolling cohorts

Capital market information

Master data and key figures for the share of elumeo SE (as of September 30, 2023)

WKN	A11Q05/ A2GSYM
ISIN	DE000A11Q059/ DE000A2GSYM8
Earnings per share in Q3 2023	EUR -0.05
Number of shares outstanding	5.677.420
XETRA closing price on the balance sheet date	EUR 2,62
Market capitalization	EUR 14.9 million

Development of the share price

(January 1 to September 30, 2023: XETRA, in EUR)

Shareholder structure

Shareholder structure (as at September 30, 2023)	Shareholdings
1. blackflint Ltd.	25,83%
2. members of the Board of Directors and Directors	11,86%
3. free float	62,31%

Earning release Q3/202 3

Basics

The principles and methods of the elumeo Group described in the Annual Report for financial year 2022 ended December 31, 2022 ("Annual Report 2022") continue to apply in principle.

General information and comparability of information

The quarterly statement covers the period from January 1 to September 30, 2023 ("9M/2023"). The quarterly reporting period covers the period from July 1 to September 30, 2023 ("Q3/2023"). The changes in the period comparison are referred to as the nine-month period compared to the ninemonth period of the previous year ("9Mo9M") or the quarter compared to the quarter of the previous year ("QoQ").

Business performance

After two quarters of declining sales due to persistently high inflation and ongoing consumer uncertainty, elumeo was able to achieve slight sales growth in the third quarter.

The company responded to customers' continued reluctance to buy in the face of persistently high inflation rates by changing its product mix. To this end, the proportion of jewelry with a lower sales price and a lower gross profit margin was increased.

Selling and administrative expenses were reduced by 3.7% due to lower personnel costs. Online marketing costs were successfully scaled and were a driver for the significant increase in active customers.

As expected, jooli launched the jooliPay payment function in the Indian market in August 2023. At the beginning of the launch, jooli provided a small volume of advertising to test the various marketing channels against each other and determine the optimal marketing mix. From September to October, sales grew very quickly from a low base. So far, only cash on delivery, by far the most important payment function in India, has been activated in India. In the coming weeks, the focus will be on expanding the payment methods to include credit cards and UPI (the most important digital payment function in India). On the other hand, the onboarding of new customers, i.e. the user experience when using the app for the first time, will be completely redesigned by the end of the year. The basis for this is an extensive focus group analysis that jooli conducted in the five most important Indian metropolitan areas.

Adjusted for expenses for jooli, out-of-period expenses and currency effects, the elumeo Group's key performance indicator, adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA), amounted to EUR 0.5 million.

Detailed explanations of the individual key financial figures are provided in the following sections.

Results of operations, net assets and financial position

(1) Sales revenue

elumeo SE Quarterly statement Q3/2023 Earnings release Q3/2023										5
Results of operations, net assets and financial position
(1) Sales revenue
EUR thousand % of revenue	Q3 2023		Q3 2022		QoQ in %	01.01. - 30.09.2023		01.01. - 30.09.2022		9Mo9M in %
Revenue from product sales Proceeds from shipping costs Other revenue	10,892 83 29	99.0% 0.8% 0.3%	10,820 101 9	99.0% 0.9% 0.1%	0.7% -18.3% 223.8%	32,973 294 56	98.9% 0.9% 0.2%	34,065 356 32	98.9% 1.0% 0.1%	-3.2% -17.4% 73.4%
Revenue	11,003	100.0%	10,930	100.0%	0.7%	33,323	100.0%	34,453	100.0%	-3.3%
(2) Distribution costs
EUR thousand % of revenue	Q3 2023		Q3 2022		QoQ in %	01.01. - 30.09.2023		30.09.2022	01.01. -	9Mo9M in %
Broadcasting and channel rental costs Personnel expenses	1,377	12.5%	1,411	12.9%	-2.4%	4,145	12.4%	4,400	12.8%	-5.8%

(2) Distribution costs

						30.09.2023
Revenue from product sales
Other revenue
(2) Distribution costs
	Q3 2023		Q3 2022		QoQ	01.01. -			01.01. -	9Mo9M
EUR thousand % of revenue					in %	30.09.2023		30.09.2022		in %
Broadcasting and channel rental costs	1,377	12.5%	1,411	12.9%	-2.4%	4,145	12.4%	4,400	12.8%	-5.8%
Personnel expenses	1,149	10.4%	1,297	11.9%	-11.4%	3,705	11.1%	4,102	11.9%	-9.7%
Moderators, producers and translators	163	1.5%	227	2.1%	-28.2%	479	1.4%	589	1.7%	-18.8%
Payment costs	157	1.4%	169	1.5%	-7.3%	483	1.4%	449	1.3%	7.5%
Sales and marketing expenses	948	8.6%	785	7.2%	20.8%	2,782	8.3%	2,623	7.6%	6.1%
Expenses from share-based remuneration	6	0.1%	12	0.1%	-49.1%	22	0.1%	46	0.1%	-51.5%
	79	0.7%	81	0.7%	-2.8%	162	0.5%	178	0.5%	-8.8%
		2.3%	276	2.5%	-10.1%	943	2.8%	985	2.9%	-4.3%
Depreciation, amortization and impairment loss Other selling expenses	248

(3) Administrative costs

As part of the cost performance program launched in Q2/2023, eleumeo succeeded in reducing distribution costs in almost all areas. These include personnel costs and TV broadcasting costs in particular. By contrast, online marketing expenses were deliberately increased in order to scale the acquisition of new customers. (3) Administrative costs Q3 2023 Q3 2022 01.01. - 01.01. - QoQ 9Mo9M EUR thousand % of revenue 30.09.2023 30.09.2022 in % in % Personnel expenses 812 952 2,559 2,933 7.4% 8.7% -14.7% 7.7% 8.5% -12.7% Depreciation, amortization and impairment loss 145 134 448 409 1.3% 1.2% 8.4% 1.3% 1.2% 9.4% Equity-settled share-based remuneration 22 42 78 159 0.2% 0.4% -48.8% 0.2% 0.5% -51.1% Legal advice costs 175 178 567 414 1.6% 1.6% -2.0% 1.7% 1.2% 36.8% Postal, telecommunication, IT costs 128 112 410 357 1.2% 1.0% 14.3% 1.2% 1.0% 15.0% Rent and lease expenses 12 5 40 36 0.1% 0.0% 141.5% 0.1% 0.1% 12.1% Repairs and maintenance 9 31 68 116 0.1% 0.3% -70.1% 0.2% 0.3% -41.7% Expenses for third-party services and fees 121 193 385 358 1.1% 1.8% -37.6% 1.2% 1.0% 7.6% Travel expenses 44 39 117 114 0.4% 0.4% 12.6% 0.4% 0.3% 2.9% Reporting, accounting and auditing 160 42 178 127 1.5% 0.4% 281.0% 0.5% 0.4% 40.2% Other administrative expenses 391 70 1,009 896 3.5% 0.6% 460.7% 3.0% 2.6% 12.7% Administrative expenses 2,018 1,799 5,859 5,919 18.3% 16.5% 12.2% 17.6% 17.2% -1.0% (4) Financial result Q3 2023 Q3 2022 01.01. - 01.01. - QoQ 9Mo9M EUR thousand % of revenue in % 30.09.2023 30.09.2022 in % Interest expenses from cash financing 12 0 12 0 0.1% 0.0% n.a 0.0% 0.0% n.a Interest expenses from leasing 14 13 73 40 0.1% 0.1% 3.6% 0.2% 0.1% 80.1%

(4) Financial result

(4) Financial result
EUR thousand % of revenue	Q3 2023		Q3 2022		QoQ in %	01.01. - 30.09.2023		30.09.2022	01.01. -	9Mo9M in %
Interest expenses from cash financing	12	0.1%	0	0.0%	n.a	12	0.0%	0	0.0%	n.a
Interest expenses from leasing	14	0.1%	13	0.1%	3.6%	73	0.2%	40	0.1%	80.1%
	26	0.2%	13	0.1%	97.5%	85	0.3%	40	0.1%	110.9%
Interest expenses Interest expenses and other financial result

Interest and similar expenses include interest expenses for a credit line and for lease liabilities from right-of-use assets (operating leases of real estate contracts) in accordance with IFRS 16.

(5) Personnel expenses

6				elumeo SE Quarterly statement Q3/2023 Earnings release Q3/2023
(5)	Personnel expenses
	EUR thousand % of revenue	Q3 2023		Q3 2022		QoQ in %	01.01. - 30.09.2023		30.09.2022	01.01. -	9Mo9M in %
	Wages and salaries Social security contributions	1,572 388	14.3% 3.5%	1,931 318	17.7% 2.9%	-18.6% 22.0%	5,105 1,160	15.3% 3.5%	5,926 1,109	17.2% 3.2%	-13.9% 4.6%

(6) Intangible assets and property, plant and equipment

In Q3/2023, investments were limited to minor replacement investments.

(7) Inventories

Inventories remained constant at EUR 13.0 million as at September 30, 2023 (December 31, 2022: EUR 13.0 million).

(8) Equity

Subscribed capital

The subscribed capital of elumeo SE amounted to EUR 5,677,420 as of 30 September 2023 (31 December 2022: EUR 5,500,000). It is divided into 5,677,420 no-par value shares with a notional interest in the subscribed capital of EUR 1.00 per share. With the approval of the Board of Directors, the capital increase resolved in 2022 was successfully carried out in the first quarter of 2023. The share capital was increased by EUR 177,420.00 from EUR 5,500,000.00 to EUR 5,677,420.00. The entry in the commercial register was made on February 17, 2023.

Capital reserve

The capital reserves of elumeo SE as of 30 September 2023 amounted to EUR 35,293 thousand and increased compared to 31 December 2022 (EUR 34,821 thousand) due to the premium from the capital increase and share-based payment commitments in accordance with IFRS 2.

Authorized capital, conditional capital, convertible bonds and bonds with warrants

There have been no changes compared to the figures as at June 30, 2023.

(9) Other financial liabilities

In addition to lease liabilities (finance leases) for the semi-automated picking, storage and conveying systems (technical equipment), these are in particular the (current and non-current) lease liabilities from rental agreements for office space (real estate agreements) capitalized in accordance with IFRS 16.

(10) Deferred taxes

Deferred taxes are generally recognized for differences between the carrying amount recognized in the IFRS consolidated interim financial statements and the tax carrying amount as well as for tax loss carryforwards, provided that their realizability in the near future appears sufficiently certain.

(11) Information on the consolidated cash flow statement

The consolidated cash flow statement was prepared in accordance with IAS 7 Statement of Cash Flows and shows the change in cash and cash equivalents of the elumeo Group during the reporting period as a result of cash inflows and outflows.

Cash flow from operating activities increased due to the increase in trade payables. The elumeo Group invested primarily in replacement investments. The cash flow from financing activities results from the payments made as part of the share program to implement the planned capital increase, the capital increase carried out, the repayment of financial liabilities from leases and the taking up of the UniCredit credit line.

Cash and cash equivalents as at the balance sheet date consist exclusively of freely available cash and cash equivalents.

8 | elumeo SE | Quarterly Statement Q3/2023 | Supplementary Report, Report on Risks and Opportunities, Outlook

Risk and opportunity report

The elumeo Group presented its risk management system in detail in the Annual Report 2022. The Executive Board is currently not aware of any significant changes to the risks and opportunities described in detail there.

Legal disputes from the former group of shareholders have an insignificant impact on the development of elumeo. On September 26, 2023, elumeo SE was informed by the Kreuzberg District Court of the intention to formally serve a new lawsuit filed by Kat Florence LLC, Miami, Florida. The lawsuit essentially corresponds to the lawsuit already filed and finally dismissed in Florida. This time, the lawsuit was filed in the district court in Atlanta, Georgia. From elumeo SE's perspective, this new lawsuit, which does not present any new facts, is also absolutely insubstantial and will be dismissed like the first lawsuit. elumeo SE has filed an objection to the intended formal service of process and will defend itself both against the service of process before the Court of Appeals in Berlin and against the action itself before the District Court in Atlanta, Georgia.

Forecast report

The management expects volatility to remain high for the remaining weeks of 2023. This results in particular from the further development of inflation and persistently gloomy consumer sentiment as well as the uncertain impact of the wars in Ukraine and the Middle East on global economic development. As a result, the forecast is based on a cautious approach to future development and takes into account possible further negative influences from slumps in demand and supply bottlenecks.

Management confirms the forecast for 2023 and assumes that revenue and adjusted EBITDA will remain stable. Overall, the management expects revenue to develop in a corridor between a midpositive and a mid-negative single-digit percentage range. Revenue growth for the web store is expected to be in the low single-digit percentage range in 2023. The gross profit margin is expected to remain stable at > 50% (50% - 60%). Adjusted EBITDA is expected to be in the low single-digit million range.

Condensed consolidated interim financial statements

Consolidated income statement g and consolidated statement of comprehensive income

elumeo SE Quarterly statement Q3/2023 Earnings release Q3/2023										9
Condensed consolidated interim financial statements
Consolidated income statement g and consolidated statement of comprehensive income (unaudited)
	Q3 2023		Q3 2022		QoQ	01.01. -			01.01. -	9Mo9M
EUR thousand % of revenue					in %	30.09.2023		30.09.2022		in %
Revenue Cost of goods sold	11,003 5,432	100.0% 49.4%	10,930 4,880	100.0% 44.6%	0.7% 11.3%	33,323 16,158	100.0% 48.5%	34,453 16,033	100.0% 46.5%	-3.3% 0.8%
Gross profit	5,572	50.6%	6,050	55.4%	-7.9%	17,165	51.5%	18,420	53.5%	-6.8%
Selling expenses Administrative expenses Other operating income	4,127 2,018 332	37.5% 18.3% 3.0%	4,259 1,799 118	39.0% 16.5% 1.1%	-3.1% 12.2% 180.2%	12,721 5,859 450	38.2% 17.6% 1.4%	13,372 5,919 649	38.8% 17.2% 1.9%	-4.9% -1.0% -30.7%
Other operating expenses	-35	-0.3%	0	0.0%	n.a.	-65	-0.2%	-26	-0.1%	-150.9%
Earnings before interest and taxes (EBIT) Interest and similar expenses	-277 26	-2.5% 0.2%	110 13	1.0% 0.1%	-350.4% 97.5%	-1,029 85	-3.1% 0.3%	-247 41	-0.7% 0.1%	-317.0% 108.9%
Financial result Earnings before income taxes (EBT)	-26 -303	-0.2% -2.8%	-13 97	-0.1% 0.9%	-97.5% -411.3%	-85 -1,114	-0.3% -3.3%	-41 -288	-0.1% -0.8%	-108.9% -287.5%
Earnings after income tax from continuing operations	-303	-2.8%	97	0.9%	-411.3%	-1,114	-3.3%	-288	-0.8%	-287.5%
Earnings of shareholders of elumeo SE Earnings per share in EUR (basis and diluted) applied to earnings of shareholders	-303	-2.8%	97	0.9%	-411.3%	-1,114	-3.3%	-288	-0.8%	-287.5%
total - undiluted - diluted	-0.05 -0.05			0.02 0.02	-401.6% -401.7%	-0.20 -0.20		-0.05 -0.05		-287.5% -287.5%
Earnings after tax from continuing and discontinuing operations	-303	-2.8%	97	0.9%	-411.3%	-1,114	-3.3%	-288	-0.8%	-287.5%
Earnings of shareholders of elumeo SE Earnings per share in EUR (basis and diluted)	-303	-2.8%	97	0.9%	-411.3%	-1,114	-3.3%	-288	-0.8%	-287.5%
applied to earnings of shareholders total
- undiluted - diluted	-0.05 -0.05		0.02 0.02		-401.6% -401.7%	-0.20 -0.20		-0.05 -0.05		-287.5% -287.5%
Average number of shares outstanding
- basic - diluted	5,677,420 5,712,810		5,500,000 5,535,390		3.2% 3.2%	5,500,000 5,535,390		5,500,000 5,535,390		0.0% 0.0%
Other comprehensive income that may be reclassified to profit or loss in subsequent periods
Differences from foreign currency translation of foreign subsidiaries	11	0.1%	19	0.2%	-42.1%	23	0.1%	-55	-0.2%	141.8%
Other comprehensive income	11	0.1%	19	0.2%	-42.1%	23	0.1%	-55	-0.2%	141.8%
Total comprehensive income	-292	-2.7%	116	1.1%	-351.0%	-1,091	-3.3%	-343	-1.0%	-218.5%

Consolidated balance sheet (unaudited)

A S S E T S

A S S E T S
EUR thousand % of balance sheet total	30.09.2023		31.12.2022		Dev in %
Non-current assets
Intangible assets	201	0.9%	256	1.1%	-21.5%
Property, plant and equipment	505	2.2%	778	3.4%	-35.0%
Assets from rights of use	1,749	7.7%	2,085	9.2%	-16.1%
Other financial assets	104	0.5%	57	0.2%	83.9%
Other non-financial assets	163	0.7%	162	0.7%	0.7%
Deferred tax assets	2,155	9.4%	2,155	9.5%	0.0%
Total non-current assets	4,878	21.4%	5,492	24.1%	-11.2%
Current assets
Inventories	12,949	56.7%	13,041	57.3%	-0.7%
Trade receivables	2,305	10.1%	1,710	7.5%	34.8%
Other financial assets	740	3.2%	412	1.8%	79.6%
Other non-financial assets	865	3.8%	681	3.0%	27.0%
Cash and cash equivalents	1,097	4.8%	1,410	6.2%	-22.2%
Total current assets	17,956	78.6%	17,254	75.9%	4.1%
Total assets	22,834	100%	22,746	100%	0.4%

Consolidated balance sheet (unaudited)

E Q U I T Y & L I A B I L I T I E S

EUR thousand % of balance sheet total	30.09.2023		31.12.2022		Dev in %
Equity
Issued capital	5,677	24.9%	5,500	24.2%	3.2%
Accumulated losses	35,293	154.6%	34,821	153.1%	1.4%
Retained losses	-32,902	-144.1%	-31,815	-139.9%	-3.4%
Foreign currency translation reserve Total equity	2,124 10,193	9.3% 44.6%	2,128 10,634	9.4% 46.8%	-0.2% -4.1%
Attributable to shareholders of elumeo SE	10,193	44.6%	10,634	46.8%	-4.1%
Contributions made to implement the			550
resolved capital increase
Non-current liabilities
Other non-current financial liabilities	1,421	6.2%	1,757	7.7%	-19.1%
Provisions	130	0.6%	130	0.6%	0.0%
Other financial liabilities	0	0.0%	69	0.3%	-100.0%
Deferred tax liabilities	37	0.2%	37	0.0%	-0.7%
Other non-financial liabilities	25	0.1%	25	0.1%	0.0%
Total non-current labilities	1,613	7.1%	2,017	8.9%	-20.0%
Current liabilities
Financial debt Bonds Financial derivatives	495 0	2.2%	0	0.0%	n.a.
Leasing liabilities	449	2.0%	449	2.0%	0.0%
Provisions	623	2.7%	613	2.7%	1.7%
Trade payables	6,903	30.2%	4,944	21.7%	39.6%
Advance payments received	40	0.2%	40	0.2%	0.0%
Tax liabilities	310	1.4%	318	1.4%	-2.6%
Other financial liabilities	556	2.4%	711	3.1%	-21.7%
Other non-financial liabilities	1,653	7.2%	2,470	10.9%	-33.1%
Total current liabilities	11,028	48.3%	9,544	42.0%	15.5%
Total equity & liabilities	22,834	100.0%	22,746	100.0%	0.4%

Consolidated statement of changes in equity (unaudited)

Reason for change				Attributable to shareholders of elumeo SE
EUR thousand	Issued capital	Capital Reserve	Retained losses	Foreign currency translation reserve	Total equity
01.01.2023	5,500	34,821	-31,815	2,128	10,634
Capital increase	177	373			550
Equity-settled share-based remuneration		100			100
Earnings after tax from continuing and discontinuing operations			-1,114		-1,114
Other comprehensive income			27	-4	23
Total comprehensive income			-1,087	-4	-1,091
30.09.2023	5,677	35,293	-32,902	2,124	10,193

Reason for change	Attributable to shareholders of elumeo SE
	Issued capital	Capital Reserve	Retained losses	Foreign currency translation	Total equity
EUR thousand				reserve
01.01.2022	5,500	34,567	28,520	2,167	13,714
Equity-settled share-based remuneration		205			205
Earnings after tax from continuing and discontinuing operations			-288		-288
Other comprehensive income				-55	-55
Total comprehensive income			-288	-55	-343
30.09.2022	5,500	34,772	-28,808	2,112	13,576

Consolidated cash flow statement (unaudited)

	EUR thousand	01.01 - 30.09.2023	01.01 - 30.09.2022
		#BEZUG!	#BEZUG!
	Earnings before interest and taxes (EBIT) from contimuing
	and discontinuing operations	-1,029	-247
	Depreciation and amortisation on non-current assets	+689	+668
+/-	Increase/decrease in provisions	+11	-1,518
		-8	0
+/-	Equity-settled share-based remuneration	+100	+205
+/-	Other cash expenses/income	-12	0
	Loss/gain from the disposal of fixed assets	-11	0
-/+	Increase/decrease in inventories	+91	+91
	Increase/decrease in other assets	-1,155	+872
+/-	Increase/decrease in other liabilities	+913	-1,528
-	Interest paid	-43	-40
=	Cash flow from operating activities	-456	-1,498
-	Payments for investments in intangible assets	0	-1
	Payments for investments in property, plant and equipment	-15	-35
+	Proceeds from disposals of property, plant and equipment	+12	0
=	Cash flow from investing activities	-3	-36
+	Proceeds from equity injections from shareholders	+550	0
	of the parent company
-	For the implementation of the resolved capital increase	-550	0
-	Payments for the redemption of leasing liabilities	-336	-276
-	Payments from the redemption of bonds and taking out of loans	+495	0
-	Payments for other liabilities	-30	0
=	Cash flow from financing activities	+129	-276
+/-	Net increase/decrease in cash and cash equivalents	-329	-1,810
+/-	Effects of foreign currency translation on cash and cash equivalents	+16	-29
+	Cash and cash equivalents on beginning of reporting period	+1,410	+2,759
=	Cash and cash equivalents on end of reporting period	+1,097	+921

Berlin, November 10, 2023

elumeo SE

The Managing Directors

Florian Spatz Boris Kirn Dr. Riad Nourallah

Imprint

Publisher

elumeo SE Erkelenzdamm 59/61 10999 Berlin Germany

Investor Relations

Phone: +49 30 69 59 79 - 231 Fax: +49 30 69 59 79 - 650 E-mail: ir@elumeo.com www.elumeo.com

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elumeo SE

The quarterly statement is also available in English. In the event of differences, the German version shall prevail. A digital version of this quarterly statement of elumeo SE and other financial publications are available on the Internet at www.elumeo.com under "Investor Relations / Publications / Financial Reports".

Disclaimer

This release contains forward-looking statements. These statements are based on the current experience, assumptions and forecasts of the Board of Directors and the information currently available to it. The forward-looking statements are not to be understood as guarantees of the future developments and results mentioned therein. Rather, future developments and results depend on a variety of factors. They involve various risks and uncertainties and are based on assumptions that may not prove to be correct. elumeo assumes no obligation to update the forward-looking statements made in this release.