elumeo SE

ELB

Equity

ISIN DE000A11Q059 / Valor 28642395

Xetra (2026-05-26)

EUR 1.68-1.18%

elumeo SE
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About company

Elumeo SE, established in 2008, is a prominent European entity in the gemstone jewelry sector, focusing on both the creation and distribution of an extensive assortment of gemstone adornments. The company distinguishes itself by blending traditional handcrafting techniques with the modern efficiencies offered by electronic sales channels. This approach allows elumeo to deliver a diverse range of jewelry products to its customers, leveraging the advantages of digital commerce to enhance accessibility and cost-effectiveness. While the company's operations emphasize the craftsmanship and quality inherent in its jewelry offerings, elumeo's business model is notably geared towards maximizing the reach and efficiency of its sales through online platforms, reflecting a modern approach to retail in the luxury goods sector.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Profitability

Q2/2025 adjusted EBITDA was EUR 73k (Q1/2025: EUR -551k). The improvement is attributed to the cost and efficiency program initiated 1 April 2025; adjusted EBITDA for H1/2025 was EUR -478k (H1/2024: EUR 326k).

Revenue and margins

Group revenue in Q2/2025 was EUR 9.2m (Q2/2024: EUR 11.2m). For H1/2025 revenues were EUR 20.2m, about 10% below H1/2024 (EUR 22.5m), matching the upper end of the company’s full‑year decline guidance (‑10% to ‑15%). Management reconfirms 2025 guidance: revenue decline 10–15% and gross profit margin 47–49%.

Operating costs and savings

Selling and administrative expenses in Q2/2025 fell to EUR 5.0m (Q2/2024: EUR 5.9m), a 16% reduction; adjusted for restructuring one‑offs the figure is EUR 4.5m, a 24% cut versus prior year. The company expects the measures’ full cash effect only by Q4/2025.

Cost & efficiency measures

Key measures (effective 1 April 2025) included reducing daily live broadcasting from 15 to 10 hours, ramping AI‑based automated programming, focusing assortment on jewellery priced above EUR 50, and workforce reductions of almost 50 full‑time positions.

Product mix and price point

Focus on higher‑quality jewellery drove a 13% year‑on‑year increase in average selling price to EUR 92 (Q2/2024: EUR 85), supporting margin recovery despite lower volumes.

AI and new revenue streams

AI‑generated international broadcast windows grew 9% quarter‑on‑quarter to EUR 262k in Q2/2025 (Q1/2025: EUR 240k) and are highlighted as an early growth driver for recovery.

Outlook

Management sees Q3/2025 starting a planned recovery versus year‑ago sales and gross profit declines. Full‑year adjusted EBITDA guidance is confirmed at between EUR -0.5m and EUR 0.1m.

Management change

CFO Dr. Riad Nourallah will leave at his own request at the end of 2025. Marc Münch was appointed interim CFO effective 15 August 2025 to ensure continuity.

Summarized from source with an LLMView Source

Key figures

-18.4%1Y

-25.7%3Y

-75.7%5Y

Performance

35.6%1Y

54.2%3Y

53.8%5Y

Volatility