DGAP-Ad-hoc: elumeo SE / Key word(s): Strategic Company Decision
elumeo SE: elumeo SE to close its site in Rome
Berlin, 22 November 2019
On 22 November 2019, the Executive Board of elumeo SE decided to close the site in Rome and to serve the Italian market from its base in Berlin in the future, as it serves its other European markets. Unfortunately, no agreement could be reached on the required cost reduction as a result of the already announced reduction in broadcasting times from 15 to 5 hours per day. The Executive Board of elumeo SE therefore had no alternative but to decide to immediately close the site.
In its current reporting structure, elumeo SE does not expect any significant effects on the consolidated result for 2019. At the same time, the possible effects of a reclassification of the site to discontinued operations on Group reporting in accordance with IFRS 5 are being reviewed. The exact effects will be determined when the 2019 annual financial statements are prepared.
About the company:
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.
Bernd Fischer, managing director (CFO).
22-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Erkelenzdamm 59/61, Portal 3b|
|Phone:||+49 30 69 59 79-0|
|Fax:||+49 30 69 59 79-20|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart|
|EQS News ID:||920257|
|End of Announcement||DGAP News Service|
920257 22-Nov-2019 CET/CEST