ELUMEO SE
DGAP-Ad-hoc: elumeo SE / Key word(s): Strategic Company Decision/Restructure of Company
elumeo SE: elumeo SE consolidates broadcasting and closes down unprofitable business in the UK Berlin, 18 December 2017
ISIN: DE000A11Q059 elumeo SE has decided to continue the operation of the eCommerce business as well as profitable parts of the TV business in the UK by the German group company Juwelo Deutschland GmbH. The other, loss-making parts of the UK subsidiary Rocks & Co. UK Limited will be closed down with effect as of today. This shall stop the continuous losses made in the UK. The forecasts for the last quarter and the full financial year 2017 stay nonetheless valid and are not affected. About elumeo SE:
The elumeo Group was founded in Berlin, Germany, and Chanthaburi, Thailand, as a joint venture in 2008 and has grown very successfully ever since. In 2014, the companies that comprised the Group underwent a formal merger to bundle the operating business under the holding company elumeo SE. The elumeo Group employs approximately 1,100 people at five different locations worldwide. Competent person for this publication:
elumeo SE Contact:
elumeo SE Contact: Bernd Fischer, managing director (CFO).
18-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | elumeo SE |
| Erkelenzdamm 59/61, Portal 3b | |
| 10999 Berlin | |
| Germany | |
| Phone: | +49 30 69 59 79-0 |
| Fax: | +49 30 69 59 79-20 |
| E-mail: | info@elumeo.com |
| Internet: | www.elumeo.com |
| ISIN: | DE000A11Q059 |
| WKN: | A11Q05 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart |
| End of Announcement | DGAP News Service |
639797 18-Dec-2017 CET/CEST
