The following is a summary of the Jumia Technologies AG (JMIA) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Jumia reported Q3 2024 revenue of $36.4 million, down 13% year-over-year but up 9% on a constant currency basis.

• Gross profit was $22.9 million, up 3% year-over-year or 30% on a constant currency basis.

• Adjusted EBITDA loss increased to $17 million in Q3 '24 from a loss of $14.8 million in Q3 '23.

• Loss before income tax improved to $17.8 million compared to a loss of $21.4 million a year ago.

Business Progress:

• Finalized an ATM offering with $94.7 million net proceeds, enhancing liquidity to $164.6 million.

• Exiting non-core markets in South Africa and Tunisia to concentrate on more promising markets.

• Expanded footprint upcountry in markets such as Nigeria and continuing efforts to boost the supply chain.

• Invested in technology for enhancing platform security and efficiency.

• Focused on increasing efficiency by consolidating fulfillment centers into centralized warehouses in key markets.

Opportunities:

• Focusing on core markets with high demand potential, ending operations in countries with less potential like South Africa and Tunisia.

• With new investments and strategic exits, Jumia aims to enhance efficiency and customer value proposition across remaining markets.

Risks:

• Anticipate short-term impacts from market exits, including employee termination and lease termination costs.

• Operations affected by currency devaluations in Nigeria and Egypt, impacting revenue and financial figures.

• Continued operational disruptions anticipated as supply resources temporarily adjust to new fulfillment centers.

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