Jumia Reports First Quarter 2020 Results
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Jumia Technologies (JMIA) Reports Q1 Revenues of EUR29.3M
May 13, 2020 6:32 AM EDTJumia Technologies (NYSE: JMIA) reported Q1 revenue for the quarter came in at EUR29.3 million versus the consensus estimate of EUR31.4 million.
Results highlights
Usage growthAnnual Active Consumers reached 6.4 million, a year-over-year increase of 51%.Orders reached 6.4 million, a year-over-year increase of 28%.GMV was 190 million, a year-over-year decrease of 11% compared to GMV adjusted for perimeter changes as well as previously reported improper sales practices of 214 million in the first quarter of 2019. This trajectory was attributable to the continued effects from the business mix rebalancing initiated in 2019 as well as the supply and logistics... More