$JMIA
All I care about:
* Market place revenue +6%
* Active accounts +7%
* Advertising revenue +35%
* Gross profit +11%
* Jumia Pay TPV +21%
- And -
* Fullfilment exp - 11%
* S&A exp -9%
* T&C exp -4%
* G&A -18%
- Meaning -
* Net loss from ops shrank 23%
1/2
All I care about:
* Market place revenue +6%
* Active accounts +7%
* Advertising revenue +35%
* Gross profit +11%
* Jumia Pay TPV +21%
- And -
* Fullfilment exp - 11%
* S&A exp -9%
* T&C exp -4%
* G&A -18%
- Meaning -
* Net loss from ops shrank 23%
1/2
$JMIA
First party revenue was taken down by 35% and they want it down 100%.
It's the first party revenue purposeful reduction that has the rest looking bad.
If this didn't happen, it was a problem.
Now the CEO has finally said we are finally able to go after growth.
/2
First party revenue was taken down by 35% and they want it down 100%.
It's the first party revenue purposeful reduction that has the rest looking bad.
If this didn't happen, it was a problem.
Now the CEO has finally said we are finally able to go after growth.
/2
$JMIA
With 560M EUR in cash (88M in Apr), this is a $1.5B EV investment in Africa’s e-commerce, fintech, logistics, advertising, food delivery.
This story is unfolding as it should.
Cut costs, turn margins positive, raise funds, then grow.
'Then grow' is now up per CEO.
With 560M EUR in cash (88M in Apr), this is a $1.5B EV investment in Africa’s e-commerce, fintech, logistics, advertising, food delivery.
This story is unfolding as it should.
Cut costs, turn margins positive, raise funds, then grow.
'Then grow' is now up per CEO.
$JMIA
Stock up 30% off lows of premarket trade and I think 👆 facts is part of reason but also this:
Fintech
Continued to expand financial services marketplace activities through JumiaPay.
We leverage the business and transactional data of our
sellers to help...
/4
Stock up 30% off lows of premarket trade and I think 👆 facts is part of reason but also this:
Fintech
Continued to expand financial services marketplace activities through JumiaPay.
We leverage the business and transactional data of our
sellers to help...
/4
$JMIA
...financial institutions pre-score their credit on an anonymized basis and offer them short term loans and working capital financing.
...then this...
/5
...financial institutions pre-score their credit on an anonymized basis and offer them short term loans and working capital financing.
...then this...
/5
$JMIA
In the first quarter of 2021, 380 loans were disbursed as part
of this initiative, 90% more than in the first quarter of 2020, benefiting 291 unique sellers, 62% more than in the first quarter of 2020.
This is a serious fintech business play, not just Jumia Pay.
/6
In the first quarter of 2021, 380 loans were disbursed as part
of this initiative, 90% more than in the first quarter of 2020, benefiting 291 unique sellers, 62% more than in the first quarter of 2020.
This is a serious fintech business play, not just Jumia Pay.
/6
$JMIA
Thread continued
On a constant currency basis, marketplace revenue was up 16%, while gross profit was up 21% year over year.
/7
Thread continued
On a constant currency basis, marketplace revenue was up 16%, while gross profit was up 21% year over year.
/7
$JMIA
During the quarter -- over 750,000 packages were delivered more than the total handled in 2020 as part of the pilot.
/8
During the quarter -- over 750,000 packages were delivered more than the total handled in 2020 as part of the pilot.
/8
$JMIA
CFO
"Pretty much every industry and service sector faces logistics pain points in Africa, and we are uniquely positioned to help address these pain points which makes it a meaningful potential revenue stream going forward."
CFO
"Pretty much every industry and service sector faces logistics pain points in Africa, and we are uniquely positioned to help address these pain points which makes it a meaningful potential revenue stream going forward."
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