The following is a summary of the Jumia Technologies AG (JMIA) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Jumia reported a reduced adjusted EBITDA loss of $58.2 million for 2023, improving from a loss of $182.1 million in 2022.

• The 2023 before-tax loss also declined to $98.6 million from $206.2 million in 2022.

• Liquidity decrease slowed down to $106.9 million in 2023, from $227.4 million the previous year.

• Company's Gross Merchandise Value and order count declined by 20% and 22%, respectively.

Business Progress:

• Jumia streamlined its organization amid high inflation rates and currency depreciations in African economies, discontinuing activities with poor growth prospects.

• General and administrative expenses were significantly decreased to achieve remarkable savings along with improved operational efficiency.

• The company is shifting focus to physical goods business for higher margins and revenue growth.

• Organic traffic increased as 2023 marketing expense was reduced.

• JumiaPay, the company's payment solution, conducted 27.7% of all transactions in Q4 2023 showing a surge in usage.

• Jumia is restructuring its supply chain operations in Nigeria and Egypt to boost performances in these potential markets.

• The company is emphasizing efficiency, aiming to further orders and Gross Merchandise Value growth while also reducing cash utilization in 2024.

More details: Jumia Technologies IR

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