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 lagos, nigeria / accesswire / may 11, 2021 / jumia technologies ag (nyse:jmia) ("jumia" or the "company") announced today its financial results for the first quarter ended march 31, 2021. 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.
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