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 ...

Jumia Technologies (JMIA) ended the recent trading session at $3.74, demonstrating a -1.06% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.21%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq lost 0.89%.Shares of the company have depreciated by 9.57% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 2.84% and the S&P 500's loss of 1.56%.The investment community will be closely monitoring the performance of Jumia ...

Company Overview - Jumia has been referred to as the "Amazon of Africa" due to its e-commerce operations in the region [1] - The company has experienced periods of strong success but also significant stock volatility [1] Stock Performance - Jumia's stock has shown high volatility over the years, indicating challenges in maintaining consistent performance [1] - The company's ability to become the next Amazon remains uncertain despite its past successes [1]

Company Presentation Q3 2024 Results Presentation November 7, 2024 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, ...

Jumia Technologies (JMIA) ended the recent trading session at $5.03, demonstrating a -0.59% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.47%. On the other hand, the Dow registered a gain of 0.79%, and the technology-centric Nasdaq increased by 0.28%. Shares of the company have appreciated by 8.12% over the course of the past month, outperforming the RetailWholesale sector's gain of 3.09% and the S&P 500's gain of 3.48%. The investment community will be close ...

In the latest trading session, Jumia Technologies (JMIA) closed at $5.56, marking a -0.89% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.17%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%. Heading into today, shares of the company had gained 28.38% over the past month, outpacing the RetailWholesale sector's gain of 5.43% and the S&P 500's gain of 1.25% in that time. The upcoming earnings release of Jumia Technologies will be of ...