Jumia predicts profitability in 2027 as Q1 results reflect consumer gains
- Jumia expects to generate enough revenue to cover operating expenses by 2027, aiming for profitability despite not accounting for taxes yet.
- Q1 2025 saw a 26% revenue decline mainly from Egypt’s corporate sales slump, but consumer orders increased 21%, marking the strongest growth in two years.
- The company improved efficiency with reduced delivery and marketing costs, increased product offerings from international sellers, and steady payment volumes via JumiaPay.
- Gross merchandise volume (GMV) is projected to grow 10-15% in 2025, with a sharper focus on rural markets and consumer growth fueling optimism despite share price declines amid economic uncertainties.
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