Latest news with #FrancisDufay
Associated Press
13-05-2025
- Business
- Associated Press
Jumia Expands Delivery Service to Nigeria
Following success in Côte d'Ivoire, Jumia Delivery launches in Nigeria with plans to enter more key markets LAGOS, NG / ACCESS Newswire / May 13, 2025 / Jumia, the leading pan-African e-commerce platform, today announced the expansion of its logistics service, Jumia Delivery, to Nigeria. Building on its successful operations in Côte d'Ivoire, Jumia Delivery offers individuals and businesses a fast, secure, and cost-effective parcel delivery service across the country. With one of the largest delivery fleets and a distribution network spanning over hundreds of cities, Jumia Delivery is set to revolutionize logistics and enhance shipping convenience for all. Customers can now send parcels with ease, benefiting from Jumia's reliable logistics infrastructure and extensive partnerships with third-party logistics providers. 'Africa's growing digital economy demands robust and efficient delivery services, and we are excited to introduce Jumia Delivery as a reliable solution to improve last-mile logistics. The introduction of Jumia Delivery in Nigeria, following our success in Côte d'Ivoire, is a major step forward in addressing logistics challenges and meeting the evolving needs of both individuals and businesses,' said Francis Dufay, CEO of Jumia. Following its rollout in Nigeria, Jumia plans to expand Jumia Delivery to other key markets including Kenya, Ghana and Senegal, further extending its logistics capabilities across the continent. With a customer-centric approach, Jumia continues to innovate and expand its logistics infrastructure, reinforcing its role as a key enabler of Africa's e-commerce ecosystem. About Jumia Jumia is a leading pan-African e-commerce platform, with operations across 9 African countries. Its mission is to improve the quality of everyday life in Africa by leveraging technology to deliver innovative, convenient, and affordable online services to customers, while helping businesses grow as they use Jumia's platform to better reach and serve customers. The Jumia platform consists of a marketplace that connects thousands of sellers with customers, a vast logistics network that enables the shipment and delivery of packages, and a proprietary payment service, JumiaPay, which facilitates transactions among participants active on the Jumia platform in select markets. Contact : Abdesslam Benzitouni - Global Head of Communications and Public Relations - [email protected] For more information about Jumia, follow us on LinkedIn Jumia Group and Twitter @Jumia_Group Forward Looking Statements (Jumia) This release includes forward-looking statements. All statements other than statements of historical facts contained in this release, including statements regarding our future results of operations and financial position, industry dynamics, business strategy and plans and our objectives for future operations, are forward-looking statements. These statements represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. In some cases, you can identify forward-looking statements by terms such as 'may,' 'will,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'intends,' 'targets,' 'projects,' 'believes,' 'estimates', 'potential' or 'continue' or the negative of these terms or other similar expressions that are intended to identify forward-looking statements. Forward-looking statements are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements involve known and unknown risks, uncertainties, changes in circumstances that are difficult to predict and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statement, including, without limitation, the risks described under Item 3. 'Key Information-D. Risk Factors,' in our Annual Report on Form 20-F as filed with the US Securities and Exchange Commission for the year ended December 31, 2024. Moreover, new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Considering these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We caution you therefore against relying on these forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements. The forward-looking statements included in this release are made only as of the date hereof. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither we nor our advisors nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. Neither we nor our advisors undertake any obligation to update any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations, except as may be required by law. You should read this release with the understanding that our actual future results, levels of activity, performance and events and circumstances may be materially different from what we expect. SOURCE: Jumia Technologies AG press release
Zawya
26-02-2025
- Business
- Zawya
African online retailer Jumia sees growth despite Chinese competition
Africa-focused e-commerce retailer Jumia Technologies will grow orders by up to 25% and continue to cut costs this year while fighting to keep its market share from Chinese competitors like Temu seeking to expand on the continent, its CEO said recently. Jumia has been aggressively cutting costs to try to turn profitable, including by reducing head count, exiting everyday grocery items and food delivery and cutting delivery services not related to its e-commerce business. Francis Dufay said the African e-commerce market was deep enough for more players like Temu, which entered the Nigerian market in December. Jumia reached six million customers last year in nine countries, which have a combined population of 600 million people, including Africa's most populous, Nigeria. "They (Temu) are spending a lot of money so they can take a share, but the market is so big it will not hurt our potential to grow," Dufay told Reuters. "There's room for everyone to grow, even if they take some share of the market." Dufay said Jumia would expand to new cities and underserved rural areas while cutting costs on operations and logistics. The company is aiming to narrow its loss before tax by as much as a third to between $65-$70m this year, he added.
Reuters
21-02-2025
- Business
- Reuters
African online retailer Jumia sees growth despite Chinese competition
LAGOS, Feb 21 (Reuters) - Africa-focused e-commerce retailer Jumia Technologies will grow orders by up to 25% and continue to cut costs this year while fighting to keep its market share from Chinese competitors like Temu seeking to expand on the continent, its CEO said on Friday. Jumia has been aggressively cutting costs to try to turn profitable, including by reducing head count, exiting everyday grocery items and food delivery and cutting delivery services not related to its e-commerce business. Francis Dufay said the African e-commerce market was deep enough for more players like Temu, which entered the Nigerian market in December. Jumia reached 6 million customers last year in nine countries, which have a combined population of 600 million people, including Africa's most populous, Nigeria. "They (Temu) are spending a lot of money so they can take a share, but the market is so big it will not hurt our potential to grow," Dufay told Reuters. "There's room for everyone to grow, even if they take some share of the market." Dufay said Jumia would expand to new cities and underserved rural areas while cutting costs on operations and logistics. The company is aiming to narrow its loss before tax by as much as a third to between $65 and $70 million this year, he added.
Yahoo
21-02-2025
- Business
- Yahoo
Jumia Technologies AG (JMIA) Q4 2024 Earnings Call Highlights: Navigating Challenges with ...
Revenue: $45.7 million, down 23% year over year in USD, and down 2% in constant currency. Gross Profit: $23.9 million, down 36% year over year, or 18% on a constant currency basis. Adjusted EBITDA: Negative $13.7 million compared to negative $6 million in Q4 2023. Loss Before Income Tax: $17.6 million, a 3% increase year over year or 19% decline on a constant currency basis. Cash Burn: $30.6 million compared to $26.8 million in Q4 2023. Quarterly Active Customers: Increased by 8% year over year. Physical Goods Orders: Grew by 18% year over year. Marketing Spend: Reduced from $6.2 million in Q4 2023 to $4.8 million in Q4 2024. Net Promoter Score: Increased to 63, a 17-point year over year increase. 90 Days Repurchase Rate: Increased by 375 basis points year over year. Liquidity Position: $133.9 million, including $55.4 million in cash and cash equivalents. Warning! GuruFocus has detected 3 Warning Signs with JMIA. Release Date: February 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Jumia Technologies AG (NYSE: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 (NYSE: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. Q: Can you provide more color on the trends you're observing in Q1 2025? A: Francis Dufay, CEO of Jumia Technologies AG, noted that they are seeing continued progress in growth and usage, which supports their guidance of 15% to 20% year-over-year growth. They are also observing strong execution and discipline on the cost side, which gives them confidence in their net loss guidance based on improved efficiency and cost management. Q: Is there anything preventing Jumia from bringing on more selection to meet incremental demand? A: Francis Dufay explained that the challenge is more on the supply side rather than demand. Jumia is focused on increasing supply and improving value for money for customers. This involves operational improvements and a long list of actions, such as onboarding new suppliers and improving vendor experience. It's a gradual process rather than an immediate fix. Q: Can you elaborate on the 1P versus 3P mix and the cyclical trends affecting it? A: Francis Dufay mentioned that they saw a decline in corporate sales, particularly in Egypt, which are largely first-party. This was due to reduced bulk purchases amid macroeconomic uncertainty. Jumia uses first-party sales when it provides better supply and value for money, and they do not foresee massive changes in the mix, excluding corporate sales impacts. Q: What is driving the physical order growth and how does it affect average order value (AOV)? A: Physical order growth is driven by upcountry expansion, better assortment, and improved customer experience. The AOV is a consequence of the mix, and Jumia focuses on delivering the best value for money in priority categories. They ensure profitability at all levels, regardless of AOV, by maintaining the right economics. Q: How does consolidating the warehouse footprint improve efficiency and costs? A: Francis Dufay explained that consolidating smaller warehouses into larger ones allows for better control over efficiency, productivity, and security. This structural change, mostly completed in the second half of 2024, is expected to lead to significant savings in fulfillment costs in 2025. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
