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Third-quarter Report.pdf

JMIA-Q3-22-ER-17.11.22-vF.pdf
Preview of third-quarter report
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📊 Size: 403 KB
📄 Pages: 20 pages
⬇️ Downloads: 119

Summary

Jumia reports Q3 2022 results with gross profit increasing 29% year-over-year, operating loss decreasing 33%, and adjusted EBITDA loss decreasing 13%. The company has made leadership changes, with Francis Dufay as Acting CEO and Antoine Maillet-Mezeray as EVP Finance & Operations. Jumia's strategy focuses on accelerating progress towards profitability through enhanced focus on the core business, stronger cost discipline, profitable usage growth, balanced monetization, and focused JumiaPay development. The company is discontinuing or adjusting non-core projects, such as First Party grocery in selected geographies and Jumia Prime, to optimize resource allocation. Jumia aims to drive usage growth through improved e-commerce fundamentals, including more relevant product assortment and enhanced price competitiveness.

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Description

Jumia reports Q3 2022 results with gross profit increasing 29% year-over-year, operating loss decreasing 33%, and adjusted EBITDA loss decreasing 13%.

Technical Information

  • File Format: PDF
  • File Size: 403 KB
  • Pages: 20
  • Language: EN
  • Total Downloads: 119
  • Last Updated: 1 week ago

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