Jumia reports First Quarter 2021 results Continued progress towards profitability Gross profit increased by 11% year-over-year Gross Profit after Fulfillment expense was up 149% year-over-year Adjusted EBITDA loss decreased by 24% year-over-year .
Results highlights for the first quarter 2021 For the three months ended March 31 As reported YoY As reported Constant currency YoY In € million, except percentages 2020 2021 Change 2020 2021 Change GMV 189.6 165.0 (13.0)% 189.6 180.0 (5.1)% TPV 35.5 42.9 20.9% 35.5 47.9 35.1% TPV as % of GMV 18.7% 26.0% 18.7% 26.6% Gross Profit 18.4 20.4 10.9% 18.4 22.2 20.9% Fulfillment expense (15.9) (14.2) (10.7)% (15.9) (15.4) (3.0)% Gross Profit after Fulfillment expense 2.5 6.2 149.5% 2.5 6.8 174.6% Sales and advertising expense (8.9) (8.1) (9.1)% (8.9) (8.8) (1.3)% Technology and content expense (7.2) (6.9) (4.2)% (7.2) (6.9) (3.7)% G&A expense, excluding SBC (24.4) (20.3) (17.0)% (24.4) (22.4) (8.1)% Adjusted EBITDA (35.6) (27.0) (24.2)% (35.6) (28.6) (19.6)% Operating Loss (43.7) (33.7) (23.0)% (43.7) (35.6) (18.6)% “Our first quarter results reflect solid progress towards profitability. The drivers remain consistent: selective and disciplined usage growth, gradual monetization and continued cost discipline. The first quarter of 2021 was the
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