Financial Performance - Revenue decreased by 26% year-over-year to $36.3 million[10], or 18% on a constant currency basis[10] - GMV decreased by 11% year-over-year to $161.7 million[10], or 2% on a constant currency basis[10] - Adjusted EBITDA loss was $15.7 million[10], compared to a $4.3 million loss in Q1 2024[10] - Net loss before income tax improved from $39.6 million in Q1 2024 to $16.5 million in Q1 2025[9] Usage Metrics - Physical goods Orders grew by 21% year-over-year[9] - Quarterly Active Customers grew by 14% year-over-year[18] - Gross items sold by International sellers grew 61% year-over-year[9] Guidance - FY2025 loss before income tax is projected to be between negative $50 million and negative $55 million[9], with physical goods order growth of 20-25%[9] - GMV is projected to be between $795 million and $830 million, a year-over-year increase of 10% and 15%, respectively, excluding foreign exchange impacts[55] - FY2026 loss before income tax is projected to be between negative $25 million and negative $30 million[9]; breakeven loss before income tax is expected in Q4 2026[9] Other Key Points - Liquidity position was $110.7 million, comprised of $61.6 million in cash and cash equivalents and $49.1 million in term deposits[11] - Net cash flow used in operating activities was $21.2 million[10] - Share of PUS (Pick-up stations) in shipped packages decreased by 7 percentage points[13]

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 ...

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 [30][31] - Adjusted EBITDA was negative $13.7 million for Q4 2024, compared to negative $0.6 million in Q4 2023 [15][39] - Cash burn for the quarter was $30.6 million, compared to $26.8 million in Q4 2023 [16] - The company ended 2024 with a liquidity position of $133.9 million, including $55.4 million in cash and cash equivalents [45] Business Line Data and Key Metrics Changes - Core marketplace business accelerated in Q4 2024, with physical goods orders growing by 18% year-over-year [9] - Marketplace revenue for Q4 was $22.8 million, down 31% year-over-year [32] - Revenue from first-party sales was $22.5 million in Q4, down 14% but up 8% on a constant-currency basis [33] Market Data and Key Metrics Changes - GMV declined 12% in USD but grew 13% year-over-year in constant currency [13] - Average order value for physical goods orders decreased from $45.5 in Q4 2023 to $35.5 in Q4 2024 [14] Company Strategy and Development Direction - The company is focusing on upcountry expansion and product assortment expansion to drive growth [19][21] - Jumia aims to improve operational efficiencies and achieve profitability by enhancing customer and seller experiences [24][27] - The company plans to leverage its logistics network and partnerships to reduce fulfillment costs [20] Management's Comments on Operating Environment and Future Outlook - Management noted macro headwinds affecting performance but expressed confidence in the company's growth trajectory [13][28] - For 2025, the company anticipates physical goods orders to grow between 15% and 20% year-over-year [50] - GMV is projected to be between $795 million and $830 million in 2025, reflecting a year-over-year increase of 10% to 15% [51] Other Important Information - The company streamlined operations by exiting non-strategic markets, consolidating warehouse footprints, and improving logistics capabilities [8][19] - The Net Promoter Score rose to 63 in Q4 2024, indicating improved customer satisfaction [12] Q&A Session Summary Question: What trends are being 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 [54] Question: Is there anything 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 value for money [57] 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 emphasized a pragmatic approach to the mix [62] Question: What is behind the physical order growth? - Growth is driven by country expansion, better assortment, and improved customer experience [66] Question: What efficiencies have been gained from consolidating the warehouse footprint? - Consolidation has led to better control over efficiency, staff productivity, and fulfillment costs [74] 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 [78] Question: How does the balance sheet look in terms of inventory strategy? - Management confirmed that working capital was increased to support better supply and vendor relationships, with expectations for moderation in future quarters [90]

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]

Dublin, Feb. 14, 2025 (GLOBE NEWSWIRE) -- The "Nigeria Loyalty Programs Market Intelligence and Future Growth Dynamics - 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2025 Update" report has been added to ResearchAndMarkets.com's offering.The loyalty market in Nigeria is expected to grow by 18.6% on annual basis to reach US$241.7 million in 2025. In value terms, the loyalty market in Nigeria has recorded a CAGR of 20.5% dur ...

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 ...