$JMIA @Jumia_Group
A thread
Some cool things turning the corner (as of last Q).
Start boring (ish), move to headier...
1. Annual Active Accounts (AAC)
(yellow is consensus estimate for Q2)
That would be 48% in two-years
/1
A thread
Some cool things turning the corner (as of last Q).
Start boring (ish), move to headier...
1. Annual Active Accounts (AAC)
(yellow is consensus estimate for Q2)
That would be 48% in two-years
/1
$JMIA
2. The move to Marketplace (a platform) and away from first party (1P)
Move from 44% in Q2 2019 to 74% in Q1 2021
/2
2. The move to Marketplace (a platform) and away from first party (1P)
Move from 44% in Q2 2019 to 74% in Q1 2021
/2
3. This move has thrust gross margin per cent and gross per cent after fulfillment up.
GM % from 43% in Q2 2019 to 74% in Q1 2021
GM % After Fulfillment from 2% in Q2 2019 to 23% in Q1 2021
/3
GM % from 43% in Q2 2019 to 74% in Q1 2021
GM % After Fulfillment from 2% in Q2 2019 to 23% in Q1 2021
/3
4. This has led to actual Euros - Here is gross profit Euros (TTM)
From 76.3 million in Q1 2019 (TTM) to 94.8 million in Q1 2021.
/4
From 76.3 million in Q1 2019 (TTM) to 94.8 million in Q1 2021.
/4
5. Then we can turn to the little known but soon to be known reality that Jumia has an advertising business.
It grew 26% in FY 2020, 30% in Q4 and 35.7% in Q1.
But...
/5
It grew 26% in FY 2020, 30% in Q4 and 35.7% in Q1.
But...
/5
The real story, not these little "ah, ha, OK, interesting" points, but the guts of it goes far, far deeper.
That's what we do at CML Pro, and you can too.
That's our edge.
bit.ly/CMLPro
That's what we do at CML Pro, and you can too.
That's our edge.
bit.ly/CMLPro
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