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Jumia revenue falls over 6% in Q1, customers up 7% and orders up 3% with modest recovery for phones

Wednesday 12 May 2021 | 11:09 CET | News
African e-commerce company Jumia said revenue decreased by 6.4 percent to EUR 27.4 million in the first quarter ended 31 March from EUR 29.3 million in the same period in 2020. Annual active consumers reached 6.9 million, up 7 percent year-over-year as the company continued to acquire new consumers and engage existing ones. Orders reached 6.6 million, up 3 percent after declines in prior quarters, with everyday products such as beauty, food delivery and fashion the fastest-growing categories by volume, with declines in electronics albeit a modest recovery for phones.

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Categories: Internet
Companies: Jumia
Countries: Africa
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