Elumeo SE Revises 2024 Financial Forecast

Berlin, 04 October 2024 – Elumeo SE has revised its financial forecast for the year 2024 due to a subdued business performance in September. The company now anticipates a slight decline in sales, ranging from -4% to -1% year-on-year, with a gross profit margin between 47% and 49%. Adjusted EBITDA is projected to be between EUR 0.5 and 1.5 million. The original forecast predicted revenue growth of 4% to 8%, with a gross profit margin of 49% to 51% and adjusted EBITDA between EUR 1.5 million and EUR 3.5 million.

This adjustment reflects the impact of an existing cost-cutting program. In the first half of 2024, this initiative resulted in savings exceeding EUR 2.3 million compared to 2023. Further savings of EUR 1.3 million are expected in 2025, with measures already implemented but fully effective only next year.