Jumia(JMIA)

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Jumia(JMIA) - 2023 Q3 - Earnings Call Transcript
2023-11-15 15:57
Financial Data and Key Metrics Changes - The adjusted EBITDA loss for Q3 '23 was $15 million, the lowest since the company's IPO in 2019, representing a decrease of $31 million or 67% year-over-year [25] - Revenue reached $45 million, down 11% year-over-year but up 19% on a constant currency basis [27] - GMV was $181 million, declining by 25% year-over-year and by 3% on a constant currency basis [27] Business Line Data and Key Metrics Changes - The GMV of physical goods was down by 17% year-over-year but increased by 10% on a constant currency basis [35] - Fulfillment expenses per order, excluding JumiaPay, reached $2.1, down by 26% year-over-year [11] - The share of items sold from non-core categories decreased from 21% in Q3 '22 to 13% in Q3 '23, while average order value for physical goods improved from $37 to $39 [38] Market Data and Key Metrics Changes - Five countries reported positive GMV growth year-over-year on physical goods, accounting for 49% of the GMV from physical goods in Q3 '23 [7] - Ghana experienced significant growth in GMV despite a challenging macroeconomic backdrop with 38% year-over-year inflation [15] - The share of transactions paid through JumiaPay increased from 17.8% in Q3 '22 to 27.1% in Q3 '23 for physical goods [44] Company Strategy and Development Direction - The company aims to reduce losses and move towards profitability, focusing on building a lean organization and improving operational efficiencies [4][5] - A strategic decision was made to prioritize physical goods and streamline unprofitable categories such as FMCG [28] - The long-term strategy includes capturing the growth of consumption and e-commerce in Africa, with a focus on core categories like electronics and home goods [30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging microeconomic trends, including high inflation and currency devaluations, but expressed confidence in the strategy to mitigate these challenges [15] - The company is excited about the next phase of its turnaround, emphasizing the importance of cash efficiency and profitable growth [26] - Future guidance for adjusted EBITDA loss has been revised to a range of $80 million to $90 million, indicating a significant reduction compared to previous projections [77] Other Important Information - The liquidity position at the end of Q3 '23 was $147 million, reflecting a decrease of $19 million compared to Q2 '23 [51] - The company has made significant reductions in sales and advertising expenses, down 74% year-over-year [48] - The total number of orders in Q3 '23 was 7.2 million, down 23% year-over-year but up 11% compared to Q2 '23 [34] Q&A Session Summary - There were no questions during the Q&A session, and the conference call concluded without any inquiries from participants [55]
Jumia(JMIA) - 2023 Q2 - Earnings Call Transcript
2023-08-15 15:17
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 ...
Jumia(JMIA) - 2023 Q2 - Earnings Call Presentation
2023-08-15 12:28
JUMIA0 The forward-looking statements included in this presentation are made only as of the date hereof. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither we nor our advisors nor any other person assumes responsibility for the accuracy and completeness of the forwar ...
Jumia Technologies AG ADR(JMIA) - 2023 Q2 - Quarterly Report
2023-08-14 16:00
Results highlights for the second quarter 2023 | | | | For the three months ended June 30 | | | | --- | --- | --- | --- | --- | --- | | | As reported | | YoY | Constant currency | YoY | | In USD million, unless otherwise stated | 2022 | 2023 | Change | 2023 | Change | | Quarterly Active Consumers (million) | 3.4 | 2.4 | (28.1)% | n.a. | n.a. | | Orders (million) | 10.3 | 6.5 | (36.5)% | n.a. | n.a. | | Gross Merchandise Value ("GMV") | 271.1 | 202.3 | (25.4)% | 240.1 | (11.4)% | | Total Payment Value ("TPV" ...
Jumia(JMIA) - 2023 Q1 - Earnings Call Transcript
2023-05-23 16:21
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 ...
Jumia(JMIA) - 2022 Q4 - Annual Report
2023-05-15 16:00
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 May 16, 2023 ________________________________________________ Jumia Technologies AG (Translation of registrant's name into English) ________________________________________________ Skalitzer Straße 104 10997 Berlin, Germany ...
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
Jumia Technologies AG (NYSE:JMIA) Q3 2022 Earnings Conference Call November 17, 2022 8:30 AM ET Company Participants Safae Damir - Head of Investor Relations Francis Dufay - Acting Chief Executive Officer Antoine Maillet-Mezeray - Executive Vice President, Finance & Operation Conference Call Participants Aaron Kessler - Raymond James Catherine O'Neill - Citi Lamont Williams - Stifel Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Jumia's Results Conference Call for the Thi ...
Jumia(JMIA) - 2022 Q3 - Earnings Call Presentation
2022-11-17 12:42
Results Presentation Q3 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 ...