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Jumia releases 2017 financial report

Friday, 20 April 2018

Jumia announced today financial results for its fourth quarter ended December 31, 2017, and for the full year 2017.

Jumia, the leading online eCommerce ecosystem in Africa,  grew  GMV  by  64,5%  to  197,9  MEUR  (+113%  in constant currency)  in the fourth quarter of  2017, compared with 120,2 MEUR  in fourth quarter 2016. Jumia marketplace platforms significantly scaled the number of orders with a YoY growth of +94% in Q4 2017.

Jumia saw GMV increase by 41,8 % year over year from 357,5 MEUR in 2016 to 507 MEUR in 2017 (+79% in constant currency), mainly driven by improved macroeconomic conditions, as well as a stronger relevance of the marketplace, notably with a significant increase in the number of active merchants as well as products and services available. Jumia is increasingly addressing daily needs of consumers across its markets, resulting in a strong increase in the number of orders and growth of customer base.

Sacha Poignonnec and Jeremy  Hodara,  Jumia co-CEOs commented: We made great progress in  2017  with significant growth of the business, driven by technological innovations and improved relevance of the offering of goods and services. This growth is demonstrating the robust momentum in our core businesses and markets, and the increased adoption of online services by African consumers. We are also seeing good results from our strategy to further develop our logistics platform and our payment platform. Our customers continue to benefit from increased access to great services, quality products, improved customer experience and the tremendous convenience of being able to shop online.

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