DGAP-News: elumeo SE / Key word(s): Quarterly / Interim Statement 
elumeo SE continues positive business development from 2020 
2021-05-12 / 08:00 
The issuer is solely responsible for the content of this announcement. 
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Corporate News 
elumeo SE continues positive business development from 2020 
- Revenue in first quarter rises by more than 28% year-on-year 
- Positive adjusted EBITDA in first quarter increases to EUR 1.0 million 
- Group net result improves from EUR -1.3 million (Q1/2020) to EUR 0.8 million (Q1/2021) 
- New feature of the Juwelo smartphone app launched 
Berlin, 12 May 2021 
elumeo SE has carried over the momentum from the previous year and gotten off to a successful start to financial year 
2021. Revenue of the leading European company in the electronic distribution of high-quality gemstone jewelry rose by 
28% compared to the previous year from EUR 10.3 million to EUR 13.2 million in the first quarter of 2021, while gross 
profit increased disproportionately by 56% from EUR 4.6 million to EUR 7.2 million. Adjusted EBITDA developed from EUR 
-1.1 million to EUR 1.0 million. 
The traditional web shop again proved to be a growth driver. Its revenue rose by 41%, the increase in gross profit was 
81%. However, the development of the German TV business also developed positively and managed to record the most 
successful first quarter in the company's history in terms of gross profit (Information based on merchandise management 
data). 
Distribution costs rose by 4.8% in the first quarter of 2021. This was mainly due to increased investments in online 
marketing. Administrative costs increased by 16.3% QoQ, mainly due to higher legal fees and warehouse maintenance. 
To further strengthen sales activities and customer activation, elumeo launched a new feature of the high-reach Juwelo 
smartphone app shortly before Easter in 2021. The new moving image feature called "My Juwelo" optimises the sales 
process and makes a significant contribution to the user experience. Customers can now order their desired items 
conveniently and intuitively by simply swiping directly from the product video view. The Juwelo app uses an 
AI-controlled algorithm to tailor these to the individual customer's needs. 
For the full year 2021, the management confirms its previous forecast. While the company expects high volatility and 
risks related to the COVID-19 pandemic to continue this year, revenue growth is still expected to be in the low 
double-digit % range. For the gross profit margin, management projects a stable development of more than 50%. Gross 
profit is also expected to develop slightly disproportionately. Adjusted segment EBITDA 2021 is expected to be in the 
low to mid-single-digit million range. 
 
About the company: 
The elumeo Group, headquartered in Berlin, is the leading European company in the electronic distribution of 
high-quality gemstone jewelry, mainly produced in India and Thailand. elumeo's goal is to make high-quality gemstone 
jewelry an affordable luxury for everyone. 
Through a variety of electronic distribution channels (such as TV, the Internet, Smart TV and Smartphone App), the 
listed company offers its customers primarily colour gemstone jewelry at comparatively low prices. The company sells 
its jewelry predominantly through direct sales. For example, the elumeo Group operates home shopping television 
stations in Germany and Italy as well as web shops in Germany, the UK, Italy, France, the Netherlands, Spain and 
Belgium. 
Contact: 
elumeo SE 
Investor Relations 
Erkelenzdamm 59/61 
10999 Berlin 
Tel.: +49 30 69 59 79-231 
Fax: +49 30 69 59 79-650 
E-Mail: ir@elumeo.com 
 
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2021-05-12 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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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:  1195471 
 
End of News   DGAP News Service 
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1195471 2021-05-12


 
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(END) Dow Jones Newswires

May 12, 2021 02:01 ET (06:01 GMT)