News
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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