Elumeo SE Reports Q1/2025 Financial Performance

Elumeo SE, a leading European electronic retailer of gemstone jewellery, announced its Q1/2025 results amidst a challenging market. Revenues slightly fell to EUR 11.1 million compared to EUR 11.3 million in Q1/2024. Despite cost reduction measures, adjusted EBITDA dropped to EUR -0.6 million from EUR 0.1 million the previous year. Gross profit margin decreased to 44.7%, impacted by high commodity prices and aggressive sales strategies.

Revenue from AI-driven international broadcasts rose by 18% quarter-on-quarter to EUR 240 thousand. Restructuring efforts initiated in 2024, including job cuts and reduced broadcasting hours, are projected to yield EUR 5.9 million in savings over 12 months. The company's forecast for 2025 anticipates a decline in sales by 10-15%, with a gross profit margin between 47-49%.