Elumeo SE Returns to Profitability Post-Restructuring

Elumeo SE, Europe's prominent online gemstone jewelry retailer, has reported a return to profitability for the fiscal year 2025 after a significant restructuring. Initial figures indicate a substantial improvement in adjusted EBITDA to EUR -0.5 million from EUR -1.0 million in 2024. This success follows a comprehensive cost and efficiency program, which reduced total costs by 11.4% to EUR 23.7 million.

While revenue declined by 9.1% to EUR 39.4 million, it surpassed the anticipated fall of up to 15%. The gross profit margin remained steady at 47.0%. International channels in Spain and Italy notably increased revenues by 143% to EUR 1.0 million.

The company's restructuring was prompted by increased cable feed-in fees and geopolitical uncertainties. As a result, elumeo is considering legal action against Vodafone over these fees. Looking forward to 2026, the focus remains on AI-driven efficiency gains to uphold profitability.