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DGAP-Adhoc: elumeo SE: Raising of the forecast for financial year 2020

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DGAP-Ad-hoc: elumeo SE / Key word(s): Change in Forecast
elumeo SE: Raising of the forecast for financial year 2020

17-Sep-2020 / 07:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*Ad-hoc announcement pursuant to Art. 17 (1) MAR*

*elumeo SE: Raising of the forecast for financial year 2020*

Berlin, 17/09/2020

ISIN: DE000A11Q059
WKN A11Q05
Ticker Symbol: ELB
LEI: 391200KOQF8RGMZ3XK74
Stock Exchange: Regulated Market in Frankfurt/Main (Prime Standard)

elumeo SE, a leading European company in the production and sale of gemstone
jewelry, has raised its forecast for Segment EBITDA in financial year 2020.
The reason for this is the positive performance of the business in the third
quarter, which continues to clearly exceed prior expectations.

In its previous forecast, the company had pointed to the extreme volatility
of the economic situation as well as risks stemming from considerable supply
difficulties that could arise once again and have a considerable negative
impact on the further positive development. Based on the development in the
third quarter, this is not expected to occur to the same extent.
Furthermore, elumeo SE has managed to reduce its operating costs even
further.

The management now expects Total Segment EBITDA to be between a mid-6-digit
negative figure and break-even. The previous forecast foresaw a total
Segment EBITDA slightly better than EUR -2.1 million. The forecasts for
revenue and gross profit development remain valid.

*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 a home shopping television station in Germany as
well as web shops in Germany, Italy, the UK, Italy, France, the Netherlands,
Spain, Belgium and the United States.

*Contact: *
elumeo SE
Bernd Fischer, Managing Director (CFO)
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 [1]

Contact:
Bernd Fischer, managing director (CFO).

17-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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: 1132717

End of Announcement DGAP News Service

1132717 17-Sep-2020 CET/CEST


1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=ea7c3e38589917bf664d01128b1f604d&application_id=1132717&site_id=vwd&application_name=news


(END) Dow Jones Newswires

September 17, 2020 01:52 ET ( 05:52 GMT)
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