There was also a significant increase in the number of orders on the marketplace platforms Year over Year growth of +94% in Q4 2017. This saw the GMV increase by 41.8 % year over year from 357.5 MEUR in 2016 to 507 MEUR in 2017, attributed to improved macro-economic conditions, as well as an increase in the number of active merchants as well as products and services available. Jumia is becoming more relevant and is increasingly addressing daily needs of consumers across its markets, resulting in a strong increase in the number of orders and growth of customer base.
The 2017 Jumia Financial Results Highlights
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The Complete Report
Capital expenditure is calculated as purchase of property, plant and equipment plus acquisition of intangible assets. Net working capital is calculated as inventories plus trade and other receivables plus prepaid expenses minus trade and other payables. GMV indicates the total value of total orders including shipping fees, VAT and before deduction of any discounts/vouchers Deviation to prior publications of GMV is primarily attributable to alignment of foreign currency conversion method to Jumia’s key financials and due to alignment of GMV definition to industry practice Pro-forma cash position of EUR 245m includes cash on balance sheet plus capital commitments.
