Jumia Reports Fourth Quarter and Full Year 2020 Results
Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares (JMIA)
Company Research
Source: Business Wire
Significant progress towards profitability Gross profit increased by 12% year-over-yearGross Profit after Fulfillment expense reached a record €8.4mmAdjusted EBITDA loss decreased by 47% year-over-year LAGOS, Nigeria--(BUSINESS WIRE)--Jumia Technologies AG (NYSE: JMIA) (“Jumia” or the “Company”) announced today its financial results for the fourth quarter and full-year ended December 31, 2020.Results highlights for the fourth quarter 2020GMV was €231.1 million, a quarter-on-quarter acceleration of 23% supported by the Black Fridays event in November 2020. GMV was down 21% year-over-year, as the effects of the business mix rebalancing initiated late 2019 continued playing out during the fourth quarter of 2020Gross profit reached €27.9 million, a year-over-year increase of 12%.Gross profit after Fulfillment expense reached a record €8.4 million, compared to €1.0 million in the fourth quarter of 2019.Sales & Advertising expense was €10.2 million, a year-over-year decrease of 34%.Gene
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- Jumia Files Annual Report 2023 on Form 20-F with the U.S. Securities and Exchange Commission [Yahoo! Finance]Yahoo! Finance
JMIA
Sec Filings
- 3/28/24 - Form 20-F
- 3/28/24 - Form 6-K
- 2/15/24 - Form 6-K
- JMIA's page on the SEC website