Jumia Technologies AG: Jumia Reports First Quarter 2021 Results; Continued Progress Towards Profitability
year-over-year
was up 149% year-over-year
year-over-year
LAGOS, NIGERIA / ACCESSWIRE / May 11, 2021 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today its financial results for the first quarter ended March 31, 2021.
Results highlights for the first quarter 2021
For the three months ended March 31
As reported
2.5
(24.4
%
"Our first quarter results reflect solid progress towards profitability. The drivers remain consistent: selective and disciplined usage growth, gradual monetization and continued cost discipline. The first quarter of 2021 was the sixth consecutive quarter of positive gross profit after fulfillment expense, which reached €6.2 million, more than doubling year-over-year, while Adjusted EBITDA loss contracted by 24% year-over-year, reaching €27.0 million", commented Jeremy Hodara and Sacha Poignonnec, Co-Chief Executive Officers of Jumia.