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Jumia(JMIA) - 2022 Q4 - Annual Report
2023-05-15 16:00
[Jumia Technologies AG Form 6-K Filing](index=1&type=section&id=Jumia%20Technologies%20AG%20Form%206-K%20Filing) [Filing Information](index=1&type=section&id=Filing%20Information) Jumia Technologies AG, a foreign private issuer, filed this Form 6-K on May 16, 2023, confirming annual reports under Form 20-F - This Report of Foreign Private Issuer on Form 6-K was filed by Jumia Technologies AG on **May 16, 2023**[1](index=1&type=chunk) - The company files annual reports under **Form 20-F**[2](index=2&type=chunk) Company Identification | Detail | Information | | :--- | :--- | | **Registrant Name** | Jumia Technologies AG | | **Commission File Number** | 001-38863 | | **Principal Executive Office** | Skalitzer Straße 104, 10997 Berlin, Germany | [Report Content and Exhibits](index=2&type=section&id=Report%20Content%20and%20Exhibits) This filing announces Jumia Technologies AG's Annual Report 2022 on Form 20-F, filed May 16, 2023, with a related press release as Exhibit 99.1 - Jumia Technologies AG filed its **Annual Report 2022 on Form 20-F** on **May 16, 2023**[4](index=4&type=chunk) - A press release concerning the annual report filing is furnished as **Exhibit 99.1**[4](index=4&type=chunk)[6](index=6&type=chunk) [Signatures](index=4&type=section&id=Signatures) The report was duly authorized and signed on May 16, 2023, by the Chief Executive Officer and Executive Vice President, Finance & Operations - The report has been duly authorized and signed on behalf of the registrant[8](index=8&type=chunk) Authorized Signatories | Name | Title | | :--- | :--- | | **Francis Dufay** | Chief Executive Officer and Member of the Management Board | | **Antoine Maillet-Mezeray** | Executive Vice President, Finance & Operations and Member of the Management Board |
Jumia(JMIA) - 2022 Q4 - Annual Report
2023-05-15 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________________________________________ FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPAN ...
Jumia(JMIA) - 2022 Q4 - Earnings Call Transcript
2023-02-16 17:50
Jumia Technologies AG (NYSE:JMIA) Q4 2022 Earnings Conference Call February 16, 2023 8:30 AM ET Company Participants Safae Damir - Head of Investor Relations Francis Dufay - Acting CEO Antoine Maillet-Mezeray - EVP Finance & Operations Conference Call Participants Luke Holbrook - Morgan Stanley Aaron Kessler - Raymond James Lamont Williams - Stifel Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to Jumia's Results Conference Call for the Fourth Quarter of 2022. At this time, all ...
Jumia(JMIA) - 2022 Q3 - Earnings Call Transcript
2022-11-17 15:07
Financial Data and Key Metrics Changes - Adjusted EBITDA loss reached its lowest level in five quarters at $45.5 million, down 13% year-over-year [13] - Adjusted EBITDA loss as a percentage of GMV dropped below 20% at 18.9% [13] - Revenue reached $50.5 million, up 18% year-on-year and up 33% on a constant currency basis [29] - Gross profit increased by 29% year-on-year, reaching $33 million, with a gross profit margin of 13.7% of GMV [36] Business Line Data and Key Metrics Changes - Active consumers reached 3.1 million, up 3% year-on-year [20] - Orders increased to 9.4 million, up 11% year-on-year [21] - GMV reached $240.7 million, up 1% year-on-year and up 14% on a constant currency basis [22] - Marketplace revenue reached $32.2 million, posting its fastest year-on-year growth rate in nine quarters [32] Market Data and Key Metrics Changes - The Nigerian Naira, Egyptian Pound, and West African CFA depreciated by 5%, 14%, and 13% respectively against the dollar [23] - JumiaPay TPV reached $66.6 million, up 3% year-on-year [26] - JumiaPay Transactions reached 3 million, down 1% year-on-year [27] Company Strategy and Development Direction - The company aims to enhance business focus by discontinuing underperforming projects and reallocating resources to high-value initiatives [51] - The strategy includes driving sustainable long-term growth by mastering e-commerce fundamentals such as selection, price, and convenience [58] - Cost discipline is emphasized, with plans to optimize logistics and marketing costs while improving operational efficiency [63] Management's Comments on Operating Environment and Future Outlook - Management noted a softening of usage growth trends due to a challenging macroeconomic environment, including inflation and currency depreciation [25] - The company remains confident in its long-term growth potential in Africa, citing attractive demographic and digitization dynamics [74] Other Important Information - The company suspended its full-year 2022 GMV growth guidance due to market volatility [46] - Cash utilization for the quarter was $62.2 million, a 5% decline compared to Q2 2022 [45] Q&A Session Summary Question: Impact of scaling back initiatives on GMV - Management believes scaling back certain initiatives will not meaningfully harm the top line and will allow teams to focus on more impactful projects [77] Question: Details on commission rate increases - Management emphasized the need to create value for vendors and sellers, indicating a cautious approach to take rate increases to avoid hindering supply growth [78][79] Question: Areas for potential reductions in operating expenses - Management is reviewing all cost lines, with a focus on G&A and logistics efficiency, aiming for significant savings across the board [81][83] Question: Softer usage trends and their persistence - Management acknowledged the impact of macroeconomic factors on usage trends, noting that these trends are observed across all markets [86][87] Question: Product mix and take rates - Management clarified that while they are scaling back first-party growth in some areas, they are still focused on developing higher ID categories like consumer electronics [89][90] Question: Cash burn reduction timeline - Management indicated that cash burn is influenced by CapEx, working capital movements, and EBITDA, with plans to reduce CapEx in the coming quarters [92]
Jumia(JMIA) - 2022 Q3 - Earnings Call Presentation
2022-11-17 12:42
Q3 2022 Performance - Jumia reduced its Adjusted EBITDA loss in Q3 2022 compared to previous quarters[5] - Adjusted EBITDA loss as a percentage of GMV improved to (189)% in Q3 2022 from (211)% in Q2 2022[5] - GMV grew by 1% to $2407 million in Q3 2022[10] - JumiaPay TPV reached $666 million, representing 277% of GMV in Q3 2022[11] - Revenue increased by 18% to $505 million in Q3 2022[13] - Gross profit increased by 29% to $330 million in Q3 2022, with gross profit as a percentage of GMV at 137%[15] Cost Efficiency - Fulfillment expense per order decreased by 3% to $25 in Q3 2022[18] - Sales & Advertising expense per order decreased by 38% to $17 in Q3 2022[18] - Technology & Content expense decreased by 6% in Q3 2022[21] Strategic Focus - Jumia is focusing on enhanced business focus, usage growth, cost discipline, monetization, and JumiaPay[7] - The company suspended its full-year 2022 GMV growth guidance and Gross Profit guidance for the second half of 2022 due to the volatile macro environment[22]
Jumia(JMIA) - 2022 Q2 - Earnings Call Transcript
2022-08-10 16:40
Financial Data and Key Metrics Changes - Revenue reached $57.3 million in Q2 2022, up 42% year-over-year and 56% on a constant currency basis [28] - Adjusted EBITDA loss was $57.2 million in Q2 2022, showing a year-on-year reduction of 37% [53] - GMV reached $271 million, up 21% year-over-year and 34% on a constant currency basis [20] Business Line Data and Key Metrics Changes - First-party revenue increased by over 90% year-on-year, driven by strong momentum in FMCG and grocery sub-categories [29] - Marketplace revenue grew 17% year-on-year, the fastest growth rate in the past seven quarters [30] - JumiaPay TPV increased by 31% year-over-year and 45% on a constant currency basis [24] Market Data and Key Metrics Changes - Quarterly active consumers reached 3.4 million, up 25% [19] - Orders reached 10.3 million, up 35% [19] - Average order values stood at $26.3 in Q2 [23] Company Strategy and Development Direction - The company aims to achieve breakeven and has outlined a path to profitability focusing on usage growth, monetization acceleration, and cost efficiency [6][9] - The strategic focus includes maintaining robust usage growth and accelerating gross profit growth while driving cost discipline [11][57] - The company plans to leverage its logistics platform and expand JumiaPay services to third-party merchants starting in 2023 [26][44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment but expressed confidence in the company's ability to navigate it due to competitive advantages [75][78] - The company expects to maintain GMV growth in excess of 15% for the full year in USD terms despite macro pressures [9] - Management anticipates a reduction in adjusted EBITDA losses on a year-on-year basis starting in H2 2022 [53][59] Other Important Information - The company has reduced its full-year CapEx guidance from $15 million to $25 million to $10 million to $15 million [54] - Sales and advertising expenses were lower than expected at $41 million for H1 2022, compared to guidance of $50 million to $55 million [48] Q&A Session Summary Question: Comments on gross profits and incentives - Management indicated that guidance on gross profit after fulfillment is challenging due to inflation impacts but aims to expand gross profit [67][68] Question: Sustainability of marketing revenue increases - Management believes advertising revenues will grow significantly in the midterm, despite some fluctuations [69] Question: Consumer base impact from macro conditions - Management noted that consumers are under pressure from inflation, but the company is well-positioned to maintain growth [75][78] Question: JumiaPay monetization potential - Management highlighted ongoing pilot programs for JumiaPay in Nigeria and Egypt, with expectations for future revenue contributions [82][84] Question: CapEx guidance reduction - Management clarified that the reduction in CapEx guidance is not permanent and reflects flexibility in investment decisions [88]
Jumia(JMIA) - 2022 Q2 - Earnings Call Presentation
2022-08-10 15:53
Results Presentation Q2 2022 0 JUMIA0 Disclaimer IMPORTANT NOTICE This presentation includes forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, industry dynamics, business strategy and plans and our objectives for future operations, are forward-looking statements. These statements represent our opinions, expectations, beliefs, intentions, estimates or stra ...
Jumia(JMIA) - 2022 Q1 - Earnings Call Presentation
2022-05-17 19:00
Results Presentation Q1 2022 0 JUMIA0 Disclaimer IMPORTANT NOTICE This presentation includes forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, industry dynamics, business strategy and plans and our objectives for future operations, are forward-looking statements. These statements represent our opinions, expectations, beliefs, intentions, estimates or stra ...
Jumia(JMIA) - 2022 Q1 - Earnings Call Transcript
2022-05-17 17:24
Jumia Technologies AG (NYSE:JMIA) Q1 2022 Results Conference Call May 17, 2022 8:30 AM ET Â Company Participants Safae Damir - Head, IR Sacha Poignonnec - Co-Founder and Co-CEO Jeremy Hodara - Co-Founder and Co-CEO Antoine Maillet-Mezeray - CFO Conference Call Participants Aaron Kessler - Raymond James Lamont Williams - Stifel Sarah Simon - Berenberg Luke Holbrook - Morgan Stanley Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to JumiaÂ's Results Conference Call for the Firs ...
Jumia(JMIA) - 2021 Q4 - Annual Report
2022-04-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-38863 Jumia Technologies AG (Translation of registrant's name into English) Skalitzer Straße 104 10997 Berlin, Germany +49 (30) 398 20 34 54 (Address of principal executive offices) Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 April 29, 2022 Indicate by check mark whether the registrant files or will file annual reports under cover of Fo ...