DGAP-Ad-hoc: elumeo SE / Key word(s): Change in Forecast
elumeo SE: Raising of the forecast for financial year 2020
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:
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).
17-Sep-2020 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:||1132717|
|End of Announcement||DGAP News Service|
1132717 17-Sep-2020 CET/CEST