Elumeo SE Plans Profitability with AI and Restructuring

Elumeo SE announced its financial results for 2024, a year marked by challenges in the retail market. The company faced a 4.4% revenue decline to EUR 43.4 million, impacted by hesitant consumer purchases and rising gold and silver costs. Adjusted EBITDA also decreased to EUR -813 thousand, signaling financial hurdles despite improved operating cash flow of EUR 251 thousand.

CEO Florian Spatz highlighted the hurdles and strategies, including the expansion of Juwelo TV internationally with AI for cost-effective broadcasting. The company saved 27% in costs through restructuring and anticipates improved EBITDA in 2025 despite an expected sales decline.

Two notable strategic shifts took place: cutting full-time positions by 50 and postponing the #Juwelo100 growth program by up to three years. The audited financial statements for 2024 will be published on May 7, with a focus on the path to profitability driven by enhanced digital initiatives and AI integration.