Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $36.3 million, down 26% year over year and down 18% in constant currency, primarily due to lower corporate sales in Egypt and currency devaluation [33][34] - Adjusted EBITDA loss was $15.7 million in Q1 2025 compared to a loss of $4.3 million in Q1 2024, while loss before income tax improved to $16.5 million from $39.6 million year over year [17][39] - Cash burn for the quarter was $23.2 million, including $8 million in working capital, with expectations to significantly reduce cash burn in upcoming quarters [13][40] Business Line Data and Key Metrics Changes - Physical Goods orders grew 21% year over year, with quarterly active customers ordering Physical Goods increasing by 15% year over year, marking the highest growth rates in two years [14][15] - GMV declined 11% year over year, primarily due to currency headwinds and lower corporate sales, but would have grown 10% year over year excluding corporate sales [15][16] - Fulfillment expense per order decreased to $2.07, down 14% year over year, reflecting improved efficiency [10][37] Market Data and Key Metrics Changes - In Q1 2025, Ivory Coast, Nigeria, Kenya, and Egypt represented approximately 26%, 22%, 15%, and 10% of company GMV respectively, with other markets contributing 27% [20] - Nigeria saw Physical Goods orders grow by 22% and GMV increase by 18% year over year, while Kenya experienced a 36% growth in Physical Goods orders [21][22] - Egypt's Physical Goods orders were down 15% year over year, with GMV decreasing 69% in USD, primarily due to a decline in corporate sales [23] Company Strategy and Development Direction - The company aims to reduce losses, drive efficiency, and deliver measurable financial improvements, with a focus on margin expansion and financial discipline [5][6] - A comprehensive restructuring plan was launched in early 2024 to address operational challenges, particularly in Egypt [23] - The company is expanding its logistics platform to monetize its infrastructure beyond the core marketplace, targeting third-party sellers and social commerce merchants [25][60] Management's Comments on Operating Environment and Future Outlook - Management noted that while currency headwinds have impacted profitability, they expect a cleaner year-over-year comparison moving forward as these effects have lapped [16][34] - The company anticipates continued momentum in Q2 2025, with expectations for Physical Goods orders growth in the range of 20% to 25% [43][44] - Management remains confident in achieving profitability by Q4 2026 and full-year profitability in 2027, driven by cost management and volume increases [44][72] Other Important Information - The company has renegotiated or terminated several key software and hosting contracts, expecting significant cost savings starting in the second half of 2025 [11][38] - The liquidity position at the end of Q1 2025 was $110.7 million, with no financial debt, reflecting a strong cash position [40][41] Q&A Session Summary Question: Can you explain the relationship between orders and GMV? - Management clarified that corporate sales, which are high-value orders, significantly impact GMV, leading to a disconnect between orders and GMV [47][48] Question: How should we think about cash use from inventory levels? - Management indicated that increased working capital was primarily used to build up inventories ahead of significant commercial events, and they anticipate lower impacts from working capital in the coming quarters [51][52] Question: Have you seen an uptick in supply from Asia? - Management confirmed an uptick in international vendor sales, particularly from China, and expects this trend to continue as access to supply improves [53][54] Question: How do you plan to approach marketing as fundamentals improve? - Management stated that they are now in a position to be more aggressive with marketing in markets where fundamentals are strong, such as Nigeria [55][56] Question: What is the timeline for the logistics expansion? - Management explained that the logistics network is now stable enough to monetize outside the marketplace, with no negative impact on margins expected [60][62] Question: What is the visibility on 2026 guidance? - Management indicated that they expect to reach breakeven by Q4 2026, driven by growth and cost management efforts [72]

Presentation Q1 2025 Results Presentation May 8, 2025 Company 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, inten ...

Supervisory Board Structure and Responsibilities - The supervisory board currently consists of five members, with a requirement for at least 40.0% female representation by December 31, 2024[601]. - The company must obtain supervisory board approval for material modifications to its business fields, including entering new fields of business[602]. - The supervisory board is responsible for monitoring the management board and must receive regular reports on current operations and future planning[590]. - The supervisory board has established a requirement for a quorum of at least half of its members to be present for voting[600]. - The supervisory board has the authority to initiate or terminate court cases involving amounts greater than €1.0 million[608]. - The company is subject to German legislation on stock corporations, specifically the German Stock Corporation Act[585]. - The supervisory board members are entitled to reimbursement of reasonable out-of-pocket expenses incurred in the performance of their duties[624]. - The company does not pay fees for attendance at supervisory board or committee meetings[624]. Management Board Composition and Compensation - The management board consists of two members, Francis Dufay (CEO) and Antoine Maillet-Mezeray (Executive Vice President, Finance & Operations), with terms ending on November 4, 2025[616]. - The supervisory board compensation system includes $125,000 per annum for ordinary members and $250,000 for the chairperson, with additional compensation for committee chairs[624]. - The chairperson of the audit committee receives an additional $90,000 per annum, while other audit committee members receive $75,000[624]. - The company reported a total compensation of $268,000 for Jonathan D. Klein, the chairperson, in 2024, reflecting a 93% increase from the previous year[625]. - Blaise Judja-Sato and Angela Kaya Mwanza received total compensations of $243,000 and $188,000 respectively in 2024, with increases of 52% and 67% from 2023[625]. - The target compensation for CEO Francis Dufay in 2024 is $1,094,000, which represents a 8.6% increase from $1,007,000 in 2023[633]. - The total target compensation for EVP Finance and Operations Antoine Maillet-Mezeray in 2024 is $1,093,000, up from $1,014,000 in 2023, indicating a 7.8% increase[633]. - The fixed compensation for Francis Dufay includes a base salary of $473,000, which is 43% of his total target compensation for 2024[633]. - The variable compensation for both management board members consists of short-term incentives of $279,000 and long-term incentives of $342,000 each[633]. - The management board members are required to acquire shares worth 100% of their annual gross base salary and hold them until the end of their appointment[646]. - The maximum compensation for each management board member is capped at €15 million per fiscal year[630]. - The company has implemented malus and clawback provisions in the service agreements, allowing for reduction or reclamation of compensation under certain conditions[644]. - No malus or clawback provisions were applied in fiscal year 2024[645]. - The total fixed compensation for Francis Dufay in 2024 is $473,000, which is 62% of his total compensation awarded[636]. - The total variable compensation awarded to Antoine Maillet-Mezeray in 2024 is $285,000, which is 38% of his total compensation awarded[636]. Employee Statistics and Compensation - As of December 31, 2024, the company employed a total of 2,163 employees, a decrease from 4,318 employees in 2022[677]. - The average remuneration per employee in 2024 increased to €19.7 thousand ($21.3 thousand) from €15.0 thousand ($16.2 thousand) in 2023[679]. - As of December 31, 2024, 52.9% of the workforce consisted of marketplace operations and management employees, followed by logistics employees at 40.4%[678]. - The company’s employee distribution by geography shows a significant decline in West Africa from 1,686 in 2022 to 892 in 2024[678]. - The company’s employee count in North Africa decreased from 1,498 in 2022 to 645 in 2024[678]. - The company’s employee count in East and South Africa decreased from 622 in 2022 to 320 in 2024[678]. - The company’s employee count in other regions decreased from 512 in 2022 to 306 in 2024[678]. Shareholding and Ownership - The company’s shareholding requirements were exceeded by Mr. Maillet-Mezeray and Mr. Dufay as of February 1, 2025[647]. - The company’s audit committee includes at least three members, with Anne Eriksson serving as the audit committee financial expert[668]. - Baillie Gifford & Co. holds 18,131,782 shares, representing 7.4% of the outstanding ordinary shares as of February 1, 2025[686]. - Pernod Ricard Deutschland GmbH owns 15,393,840 shares, accounting for 6.3% of the total shares[686]. - The total number of ADRs outstanding is 116,037,240, with underlying ordinary shares representing 94.8% of the total[687]. - Total beneficial ownership by all members of the supervisory and management boards is 1,079,532 shares, or 0.4% of the total[686]. Management Compensation Projections - Key management compensation for 2023 is projected at USD 5.3 million, increasing to USD 5.6 million in 2024[690]. - Short-term employee benefits for key management are expected to rise from USD 3.3 million in 2023 to USD 3.5 million in 2024[690]. - Share-based compensation for key management is anticipated to increase from USD 1.9 million in 2023 to USD 2.1 million in 2024[690]. Corporate Governance - The company does not have any arrangements that may result in a change of control[687]. - All shareholders have equal voting rights, with no different classes of shares[687]. - The company cannot determine the identity of its shareholders due to the bearer form of ordinary shares[687]. - The company issued its most recent annual compliance declaration on December 18, 2024, following its listing on the New York Stock Exchange in April 2019[674].

Company Information - Jumia Technologies AG filed its Annual Report 2024 on Form 20-F on March 7, 2025[4] - Francis Dufay serves as the Chief Executive Officer and Antoine Maillet-Mezeray as the Executive Vice President, Finance & Operations[9] Report Details - The report includes a press release as Exhibit 99.1, detailing the company's performance and future outlook[6]

Core Viewpoint - The article discusses the challenges of investing in Jumia Technologies (NYSE: JMIA), emphasizing the difficulty of believing in a business narrative that the market does not recognize or appreciate [1]. Group 1: Company Overview - Jumia Technologies is highlighted as a company that may present a unique investment opportunity despite market skepticism [1]. - The article references Dr. Duru, a seasoned market analyst with extensive experience in various market cycles, who provides alternative perspectives on financial markets [1]. Group 2: Analyst Background - Dr. Duru has a strong academic background, holding a B.S. in Mechanical Engineering and a Ph.D. in Engineering-Economic Systems from Stanford University [1]. - His professional experience includes independent consulting in operations research, management consulting in product development, and expertise in business intelligence and data analytics [1]. Group 3: Investment Philosophy - The article emphasizes the importance of understanding market extremes and challenges conventional market wisdom, suggesting that there are opportunities in overlooked narratives [1]. - Dr. Duru's blog, "One-Twenty Two," serves as a platform for sharing insights on various financial instruments, including stocks, options, and cryptocurrencies, utilizing both technical and fundamental analysis [1].

Jumia (JMIA -30.28%) stock is getting crushed in Thursday's trading. The e-commerce company's share price was down 29.5% as of 10:15 a.m. ET amid a 0.8% decline for the S&P 500 (^GSPC -0.82%) and a 0.7% decline for the Nasdaq Composite (^IXIC -0.85%).Before the market opened this morning, Jumia published its fourth-quarter results -- and Wall Street was not happy with the print. In addition to posting Q4 sales that missed the market's expectations, the online retail specialist also issued forward guidance t ...

Jumia Technologies AG (NYSE:JMIA) Q4 2024 Results Conference Call February 20, 2025 8:30 AM ET Company Participants Ignatius Njoku - Head of IR Francis Dufay - CEO Antoine Maillet-Mezeray - EVP, Finance & Operations Conference Call Participants Brad Erickson - RBC Capital Markets Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Jumia's Results Conference Call for the Fourth Quarter of 2024. [Operator Instructions] I would now like to turn the call over to Ignatius Njoku, He ...

Financial Data and Key Metrics Changes - In Q4 2024, revenue was $45.7 million, down 23% year-over-year and down 2% on a constant-currency basis [31][32] - Adjusted EBITDA was negative $13.7 million for Q4 2024, compared to negative $0.6 million in Q4 2023 [16][40] - Loss before income tax from continuing operations was $17.6 million in Q4 2024, a slight increase from $17.1 million in Q4 2023 [16][44] - Cash burn for the quarter was $30.6 million, compared to $26.8 million in Q4 2023 [17] Business Line Data and Key Metrics Changes - Core marketplace business accelerated in Q4 2024, with physical goods orders growing by 18% year-over-year [10] - Marketplace revenue for Q4 was $22.8 million, down 31% year-over-year [33] - Revenue from first-party sales was $22.5 million in Q4, down 14% but up 8% on a constant-currency basis [34] Market Data and Key Metrics Changes - GMV declined 12% in USD but grew 13% year-over-year in constant currency [14] - Average order value for physical goods orders decreased from $45.5 in Q4 2023 to $35.5 in Q4 2024 [15] Company Strategy and Development Direction - The company is focusing on upcountry expansion and product assortment expansion to drive growth [20][22] - Jumia aims to improve operational efficiency and achieve profitability by enhancing logistics and customer experience [25][28] - The company plans to leverage international sourcing to expand product offerings at affordable prices [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macro headwinds affecting performance but expressed confidence in the company's growth trajectory [14][19] - For 2025, the company anticipates physical goods orders to grow between 15% and 20% year-over-year [51] - GMV is projected to be between $795 million and $830 million in 2025, reflecting a year-over-year increase of 10% to 15% [52] Other Important Information - The company streamlined operations by exiting non-strategic markets, consolidating warehouse footprints, and improving logistics capabilities [9][10] - The Net Promoter Score rose to 63 in Q4 2024, indicating improved customer satisfaction [13] Q&A Session Summary Question: Can you provide more color on trends observed in Q1? - Management noted continued progress on order growth and usage, leading to confidence in the guidance of 15% to 20% growth year-over-year [55] Question: What is preventing the company from increasing selection? - Management indicated that the challenge is more on the supply side than demand, focusing on increasing supply and improving vendor experience [58][60] Question: Can you elaborate on the mix between first-party and third-party sales? - Management acknowledged a decline in corporate sales affecting first-party sales and stated that they are pragmatic about the mix, using first-party sales when it provides better value [62][64] Question: What is behind the physical order growth? - Management attributed physical order growth to better assortment, customer experience, and efficient marketing tactics [67] Question: What efficiencies have been gained from consolidating the warehouse footprint? - Management explained that consolidating warehouses has improved efficiency, control, and fulfillment costs, with expectations for greater savings in 2025 [75][76] Question: What is the current fixed cost base as 2025 begins? - Management indicated that while costs have been reduced, there is potential for another 20% efficiency improvement, allowing for processing of 2x to 3x current volumes [80] Question: How does the balance sheet look in terms of inventory strategy? - Management confirmed that increased working capital was aligned with their strategy to enhance supply and vendor relationships, with expectations for moderation in future adjustments [88][90]

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Jumia Technologies (JMIA) ended the recent trading session at $3.84, demonstrating a +0.52% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.61%. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.28%.Shares of the company witnessed a loss of 9.48% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.32% and the S&P 500's gain of 2.08%.Market participants will be cl ...