Jumia’s revenue and gross merchandise volume showed growth despite a decrease in quarterly active customers, according to its Q1 2024 report. Revenue increased by 19% year-over-year (57% in constant currency) to $48.9 million, while GMV surged by 5% year-over-year (39% in constant currency) to $181 million.The quarterly active customers of the African e-tailer, on the other hand, declined by almost 5% from 2 million to 1.9 million due to cost-cutting measures such as reduced customer incentives and free shi ...

Financial Data and Key Metrics Changes - Jumia's GMV improved to $181.5 million, up 5% year-over-year or 39% on a constant currency basis [9] - Total revenue was $48.9 million, up 19% year-over-year or 57% on a constant currency basis [35] - Gross profit was $31.2 million, up 25% year-over-year or 67% on a constant currency basis, with a gross profit margin of 17.2% compared to 14.4% in Q1 2023 [61] - Adjusted EBITDA loss declined to $4.3 million or $1.4 million on a constant currency basis [50][68] - Loss before income tax increased to $39.6 million from $29.2 million a year ago, largely due to foreign exchange losses [10][52] Business Line Data and Key Metrics Changes - Marketplace revenue was $25.9 million, up 11% year-over-year or 48% on a constant currency basis [35] - Revenue from first-party sales was $22.4 million, up 29% year-over-year or 69% on a constant currency basis [36] - Fulfillment expenses as a percentage of GMV improved from 6.8% in Q1 2023 to 5.2% in Q1 2024 [4] - Sales and advertising expense was $3.7 million, down 30% year-over-year [5] Market Data and Key Metrics Changes - The Nigerian Naira devaluated to NGN1396 from NGN461 to US$1, a roughly 200% year-over-year devaluation [11] - The Egyptian Pound devaluated from EGP47 to EGP31 to US$1, approximately a 50% year-over-year devaluation [24] - In Kenya, the Shilling gained almost 19% in the first quarter [13] Company Strategy and Development Direction - Jumia's growth strategy focuses on three key pillars: strengthening the core business, improving cash efficiency, and building strong operating fundamentals [25] - The company is simplifying its operating model and reducing headcount to create a more efficient organization [37] - Jumia is expanding its logistics capabilities to reach underserved markets, with 51% of orders now coming from outside capital cities [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about Jumia's future, citing a strong start to the year and the effectiveness of their strategy [3][43] - The company is acquiring higher quality customers while reducing marketing spend, indicating a more sustainable growth model [44] - Management is hopeful for macro improvements in Nigeria and other markets, despite current challenges [13] Other Important Information - Jumia has reduced overall headcount by 43% since the end of 2022, contributing to a 31% year-over-year decline in G&A expenses [37] - The liquidity position was $101.5 million, with 79% held in US Dollars to limit exposure to local currency fluctuations [38][57] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without any inquiries [47][48]

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Jumia Technologies (JMIA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Jumia Technologies is a member of our Retail-Wholesale group, which includes 215 different companies and currently sits at #10 ...

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, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPAN ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 March 28, 2024 ________________________________________________ Commission File Number: 001-38863 ________________________________________________ Jumia Technologies AG (Translation of registrant's name into English) _______ ...

Clay10/iStock via Getty Images In Q3, Jumia Technologies AG (NYSE:JMIA) delivered a milestone quarter which confirmed the company’s turnaround and newfound momentum. In Q4, JMIA delivered proof positive that its strategy is working and sustainable. For this latest interview, I talked to CEO Francis Dufay about strategic achievements highlighting key milestones for investors, plans for targeted improvements and growth targets, managing liquidity, the impact of a tax provision, the introduction of Buy Now ...

In 2023, Jumia revised its adjusted EBITDA loss guidance thrice: $100-120 million in Q1, $90-100 million in Q2, and $80-90 million in Q3, aiming for a 57-61% year-over-year reduction if met.The company exceeded these expectations and significantly outperformed in that regard. It ended the year with $58.2 million in adjusted EBITDA loss, marking a 68% decrease from 2022, and Q4 concluded with less than $1 million in adjusted losses, a 99% decrease. Jumia’s operating loss decreased by 90% to $4 million that q ...

Jumia Technologies AG (NYSE:JMIA) Q2 2023 Earnings Conference Call August 15, 2023 8:30 AM ET Company Participants Safae Damir - Head of Investor Relations Francis Dufay - Chief Executive Officer Antoine Maillet-Mezeray - Executive Vice President, Finance & Operations Conference Call Participants Luke Holbrook - Morgan Stanley Catherine O'Neill - Citi Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Jumia's Results Conference Call for the Second Quarter of 2023. At this tim ...

Financial Performance - Adjusted EBITDA and Operating losses decreased by approximately 66% year-over-year, reaching the lowest loss levels in over 4 years[4] - Adjusted EBITDA loss guidance for 2023 updated to $90-100 million from $100-120 million previously[1] - Revenue for Q2 2023 was $48.5 million, down 15% year-over-year, but up 6% on a constant currency basis[20] - First Party revenue decreased to $21.9 million, a 12% year-over-year decline, but increased by 19% on a constant currency basis[20] - Gross profit reached $26.0 million, down 13% year-over-year, with a gross profit margin of 12.9%, up from 11.0% in Q2 2022[22] - Operating loss for Q2 2023 was $23.3 million, a 66% reduction year-over-year[32] - Adjusted EBITDA loss was $19.3 million, down 66% year-over-year[32] - The company’s total comprehensive loss for Q2 2023 was $38,137 thousand, down from $70,985 thousand in Q2 2022, a reduction of approximately 46.3%[41] Consumer Metrics - Quarterly Active Consumers decreased by 28.1% year-over-year to 2.4 million, while Orders fell by 36.5% to 6.5 million[2] - JumiaPay Transactions fell by 37.9% year-over-year to 2.1 million, primarily due to a decline in promotional digital services[11] - TPV penetration as a percentage of GMV increased from 27.4% in Q2 2022 to 28.1% in Q2 2023[17] - The Electronics category in Senegal grew by 58% year-over-year, indicating early signs of success in rebuilding general merchandise categories[10] Cost Management - Fulfillment expenses reduced by 50.4% year-over-year, while Sales and Advertising expenses decreased by 74%[5] - Fulfillment expense was $13.7 million, down 50% year-over-year, with fulfillment expense per order decreasing by 30% to $2.23[23] - Sales and Advertising expense was $5.8 million, down 74% year-over-year, with expense per order decreasing by 59% to $0.88[24] - General and Administrative (G&A) expenses, excluding share-based compensation, were $17.7 million in Q2 2023, down 32.7% from $26.3 million in Q2 2022[65] - General & Administrative expense guidance for 2023 is revised to $85 million to $95 million, down from the previous range of $90 million to $105 million[38] Cash and Assets - Cash position as of June 30, 2023, was $166.3 million, with cash and cash equivalents at $61.0 million[33] - Cash and cash equivalents at the end of Q2 2023 were $61,040 thousand, compared to $53,767 thousand at the end of Q2 2022, reflecting an increase of approximately 13.3%[44] - Total assets decreased from $330,221 thousand as of December 31, 2022, to $248,949 thousand as of June 30, 2023, a decline of about 24.5%[43] - Total equity attributable to equity holders of the Company decreased from $174,718 thousand as of December 31, 2022, to $106,346 thousand as of June 30, 2023, a decline of about 39.1%[43] Operational Efficiency - The company continues to focus on improving operational efficiency and reducing costs in response to the challenging market conditions[45] - The company reported a net cash flow used in operating activities of $20,725 thousand for Q2 2023, a significant improvement from $58,335 thousand in Q2 2022, indicating a reduction of approximately 64.6%[44] - The company experienced a foreign exchange gain of $8,644 thousand in Q2 2023, compared to a gain of $600 thousand in Q2 2022, reflecting a substantial increase[44] Market Dynamics - Gross Merchandise Value (GMV) declined by 25.4% year-over-year to $202.3 million, with a constant currency GMV decrease of 11.4%[2] - Total Payment Value (TPV) decreased by 23.3% year-over-year to $56.9 million, with a constant currency decline of 5.7%[11] - Gross Merchandise Value (GMV) for Q2 2023 was $202.3 million, a decrease of 25.4% year-over-year, while on a constant currency basis, it decreased by 11.4% to $240.1 million[65] - Total Payment Volume (TPV) for Q2 2023 was $56.9 million, down 23.3% year-over-year, with a TPV as a percentage of GMV of 28.1%[65] Strategic Insights - Management noted that Adjusted EBITDA is a critical measure for evaluating operational performance and strategic initiatives, despite its limitations[59][60] - The company emphasized the importance of using constant currency metrics to understand underlying business dynamics, excluding currency effects[61][62]

Company Participants Conference Call Participants Operator Safae Damir We would like to remind you that our discussions today will include forward-looking statements. Actual results may differ materially from those indicated in the forward-looking statements. Moreover, these forward-looking statements may speak only to our expectations as of today. We undertake no obligation to publicly update or revise these statements. For a discussion of some of the risk factors that could cause actual results to differ ...