Q4 2024 Jumia Technologies AG Earnings Call Transcript
Key Points
- Jumia Technologies AG (JMIA) achieved an 18% year-over-year growth in physical goods orders in Q4 2024, indicating increased demand on their platform.
- Quarterly active customers increased by 8%, showcasing the strength and value of Jumia's platform.
- The company successfully reduced marketing spend from $6.2 million in Q4 2023 to $4.8 million in Q4 2024, demonstrating cost-efficient marketing strategies.
- Jumia's Black Friday sales event was a key growth driver, with strong performance in priority categories such as electronics and phones.
- The company improved its net promoter score to 63, a 17-point increase year-over-year, reflecting stronger customer loyalty and satisfaction.
- Jumia Technologies AG (JMIA) experienced a 12% decline in GMV in USD terms, although it grew 13% year-over-year in constant currency, affected by currency devaluations and reduced corporate sales.
- Revenue for Q4 2024 was $45.7 million, down 23% year-over-year in USD, driven by lower corporate sales in Egypt.
- Adjusted EBITDA was negative $13.7 million, compared to negative $6 million in Q4 2023, indicating increased operational losses.
- Cash burn for the quarter was $30.6 million, up from $26.8 million in Q4 2023, partly due to one-time termination costs and increased working capital.
- The average order value for physical goods orders decreased from $45.5 in Q4 2023 to $35.5 in Q4 2024, driven by currency variations and lower corporate sales.
Good morning ladies and gentlemen. Thank you for standing by. Welcome to Jumia's results conference call for the 4th quarter of 2024. At this time, all participants are in a listen-only mode. And after the management's prepared remarks, there will be a question-and-answer session. I would now like to turn the call over to Ignatius Njoku. Head of investor relations for Jumia, please go ahead.
Thank you. Good morning, everyone. Thank you for joining us today for our 4th quarter 2024 earnings call. With us today are Francis Dufay, CEO of Jamea, and Antoine Maillet-Mezeray, Executive Vice President, Finance and operations.
We would like to remind you that our discussions today will include forward-looking statements. Actual results may differ materially from those indicated in the forward-looking statements.
Moreover, these forward-looking statements may speak only to our expectations as of today. We undertake no obligation to publicly update or revise these statements. For our
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
