elumeo SE has published preliminary figures for 2023: Revenue stable
compared to previous year, Web revenue significantly positive, adjusted EBITDA
declining

EQS-Ad-hoc: elumeo SE / Key word(s): Annual Report
elumeo SE has published preliminary figures for 2023: Revenue stable
compared to previous year, Web revenue significantly positive, adjusted
EBITDA declining

29-Apr-2024 / 20:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement according to Art. 17 (1) MAR

elumeo SE has published preliminary figures for 2023: Revenue stable
compared to previous year, Web revenue significantly positive, adjusted
EBITDA declining


Berlin, April 29, 2024

ISIN: DE000A11Q059

WKN A11Q05

Stock symbol: ELB

LEI: 391200KOQF8RGMZ3XK74

Exchange: Regulated market in Frankfurt (Prime Standard)

Berlin, April 29, 2024 - elumeo SE (ISIN DE000A11Q059), the leading
electronic retailer for gemstone jewelry in Europe, today announced the
preliminary consolidated figures for the fiscal year 2023. The completion of
the audit and the publication of the consolidated financial statements are
scheduled for April 30, 2024. Based on the preliminary figures now
available, forecasts have been made for revenue and gross profit margins,
but the forecast for adjusted EBITDA has been missed. The assumption for the
expected growth of the Web distribution channel was significantly exceeded.

While the company was able to maintain the revenue level of the previous
year at the Group level and generated EUR45.4 million (2022: EUR45.8 million),
the key performance indicator of the elumeo Group, adjusted earnings before
interest, taxes, depreciation, and amortization (adjusted EBITDA), declined.
It decreased from EUR2.2 million to EUR-0.4 million. Reasons for the
unexpectedly sharp decline were investments for further internationalization
of the TV distribution channel (EUR0.6 million), an above-average investment
in the Web distribution channel in Q4 2023 (EUR0.9 million), and the
inflation-induced decline in gross profit margin to 50.0% (2022: 54.9%).

Revenue from the Web distribution channel increased by 8.4% compared to the
previous year to EUR14.5 million. The reason for the unexpectedly positive
development was higher growth in sales in the fourth quarter of 2023,
facilitated by the allocation of additional budget for optimizing marketing
channels amounting to EUR0.9 million.

Regarding the definition of the alternative performance measure adjusted
EBITDA, the company refers to the definition in its 2022 annual report on
page 22, which was published on the company's website.

About elumeo SE:

Based in Berlin, the elumeo Group is the leading European company in the
electronic direct sales of high-quality gemstone jewelry. Through a variety
of electronic distribution channels (TV, Internet, Smart TV, and smartphone
app), the publicly listed company offers its customers colored gemstone
jewelry at favorable prices. The elumeo Group operates home shopping
television channels in Germany, Austria, Switzerland, and Italy, as well as
webshops in Germany, Austria, Switzerland, the United Kingdom, Italy,
France, the Netherlands, Spain, and Belgium. Through its wholly-owned
subsidiary jooli.com GmbH, the elumeo Group operates the AI-driven video
shopping app Jooli.

Notifying person at the issuer;

elumeo SE

Managing Director (Finance)

Dr. Riad Nourallah

Contact:

elumeo SE

Dr. Riad Nourallah, Managing Director (CFO)

Erkelenzdamm 59/61, 10999 Berlin

Tel.: +49 30 69 59 79-231

Fax: +49 30 69 59 79-650

E-Mail: ir@elumeo.com

http://www.elumeo.com


End of Inside Information

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29-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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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,
                   Hamburg, Munich, Stuttgart
   EQS News ID:    1892207

End of Announcement EQS News Service
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1892207 29-Apr-2024 CET/CEST