The leading electronic retailer for gemstone jewelry in Europe
Summary of key developments
After a challenging first quarter, elumeo was able to adapt quickly to the new situation caused by the COVID 19 pandemic and was profitable in 2020. Adjusted for the revenues from the closed site in Rome, revenues increased by 10%. Adjusted EBITDA at +0.9m€, clearly exceeded prognosis and PY.
Strong cash level of € 2.3m after redemption of all remaining financial liabilities.
elumeo's webshops continued to deliver an increasing contribution to the overall result by growing 57% in revenue and 78% in gross profit.
Successful transition to mobile web, mobile users increased by 31%. The new feature "Mein Juwelo" is the first step in elumeo's strategy for non-linear video content.
Outlook for 2021: The ongoing COVID-19 crisis makes forecasts difficult. Elumeo nevertheless expects sales growth in the low double-digit percentage range and continued higher growth of the web shops. Stable development of more than 50% for the gross profit margin. Adjusted EBITDA will likely be in the low to mid single-digit million range.
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Table of contents
elumeo at a glance
Key developments in 2020
Financials 2020
Outlook for 2021
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elumeo's business model is founded on three pillars
Vertically integrated and scalable
Multiple electronic distribution channels
Live and interactive sales
value chain
features
Traditional jewelers
Interactive TV
Gemstone >
>
>
> Customer
Gemstone >
>
> Customer
Online Bidding Agent
Mobile App
Up to 4 times faster and strong price advantage
Fast reaction times and low
Presence in all electronic
Video content transports both
production cost
distribution channels
facts and emotion
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Table of contents
elumeo at a glance
Key developments in 2020
Financials 2020
Outlook for 2021
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Disclaimer
elumeo SE published this content on 23 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2021 09:23:09 UTC.
Elumeo SE is a Germany-based is a manufacturer and electronic retailer of gemstone jewelry. The Company markets products through its online shop and through live television under the Juwelo, Rocks and Co. and AMAYANI brands. Its core markets are Germany, Italy, France, the Netherlands, Belgium, Spain and the United Kingdom.
ELUMEO SE 
