elumeo SE

Earnings Release • May 19, 2016

News Details

Corporate | 19 May 2016 07:34

elumeo SE: elumeo SE publishes consolidated financial statements for the first quarter of 2016

DGAP-News: elumeo SE / Key word(s): Quarterly / Interim Statement

2016-05-19 / 07:34
The issuer is solely responsible for the content of this announcement.

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elumeo SE publishes consolidated financial statements for the first quarter
of 2016

* Significant increase in the gross margin to 50.7% compared to the second
half of 2015
* Sales well below the strong first quarter of last year
* Losses reduced considerably compared to the second half of 2015
* Positive earnings for the year still expected

Berlin, 19 May 2016 - elumeo SE, a leading European online retailer of
high-quality gemstone jewelry, published its consolidated financial
statements for the first quarter of 2016 today.

The gross profit margin increased to 50.7% (50.0% in Q1 2015) after 43.7%
in Q3 2015 and 38.9% in Q4 2015. Segment EBITDA was EUR -2.3 million in Q1
2016 compared to EUR 0.7 million in Q1 2015 (Q3 2015: EUR -3.1 million, Q4
2015: EUR -3.4 million) and the losses were reduced quite considerably
compared to the second half of 2015.

Revenue decreased by 23.3% from EUR 19.5 million in Q1 2015 to EUR 14.9
million in Q1 2016 due to the high winter sales in the same period of the
previous year and gross profit declined by 23.0% to EUR 7.6 million (Q1
2015: EUR 9.8 million). At the same time, gross profit in absolute terms
was higher than in the previous two quarters (Q4 2015: EUR 0.4 million, Q3
2015: EUR 1.2 million).

Overall, consolidated income of EUR -4.3 million was achieved in Q1 2016
(Q1 2015: EUR 1.9 million). The main financial indicator, earnings before
interest, taxes, depreciation and amortisation adjusted for non-operative
one-off effects (adjusted EBITDA), decreased from EUR 0.7 million in Q1
2015 to EUR -2.3 million in Q1 2016.

eCommerce sales continue to grow disproportionately. In Q1 2016, the
increase in sales in the area of eCommerce amounted to approximately 27.5%
compared with the previous year's period.

"After the very difficult second half of the year, we achieved our goal of
a gross margin of at least 50% in the first quarter of 2016 and have thus
taken an important step towards profitable growth," said Bernd Fischer, CFO
and speaker of the Executive Board of elumeo SE.

The full-length quarterly release on the first quarter of 2016 is available
for downloading on the company's website http://www.elumeo.com in the
column entitled "Investor Relations / Publications / Financial reports"
starting today.

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 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, 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 will also be offering 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 the
distribution of 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: ir@elumeo.com
http://www.elumeo.com

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2016-05-19 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: info@elumeo.com
Internet: www.elumeo.com
ISIN: DE000A11Q059
WKN: A11Q05
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange

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