elumeo SE revises earnings guidance for the full year of 2018. For the period, the company except the segment EBITDA of the segment Group Functions & Eliminations and for the development of inventories, all other outstanding forecasts, in particular for total segment EBITDA and revenues, will have to be revised downwards. The results for the second quarter of 2018 are below the comparative figures for the previous year period and, therefore, the outstanding forecasts for the year as a whole no longer appear to be accurate. The company anticipates a slight decline in revenues for the Germany and Italy segment in 2018 and a significant decline in revenues for the Other Sales Business segment. Against the backdrop of this decline in sales, the company expects a mid-single-digit million loss for total segment EBITDA in 2018. Despite the positive earnings contribution, the planned sale of a TV station in the UK could not fully compensate for the negative development, therefore negative Group EBITDA in the low single-digit million range is expected for financial year 2018. A return to profitability is now not expected until the fourth quarter of 2018. The reasons for this development are an unexpected decline in turnover in B2B sales. The necessary restructuring of the Group's own manufacturing facility has already begun, but will not be completed until the third quarter. As a result, the limited product supply has resulted in both weaker sales and an increase in the return rate compared to the same period of the previous year. The company has therefore decided to increasingly open the vertical value chain to third-party providers as well to reduce costs and to introduce a new broadcasting format for smaller product lots. Contrary to the original planning, however, the positive effects are not expected until the third quarter.