July 8, 2020
By EDGAR, “CORRESP” Designation
Linda Cvrkel
Division of Corporation Finance
Office of Trade & Services
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re:Jumia Technologies AG
Form 20-F for the Year Ended December 31, 2019
Filed April 3, 2020
File No. 001-38863
Dear Ms. Cvrkel:
This letter sets forth the responses of Jumia Technologies AG (the “Company”) to the comment contained in your letter, dated June 10, 2020, relating to the Annual Report on Form 20-F for the fiscal year ended December 31, 2019 (the “2019 20-F”) filed by the Company on April 3, 2020.
The Company has responded to the Staff’s comment by revising the Form 20-F to comply with the comment. The Amendment of the 2019 20-F has been filed today.
The comment of the Staff is set forth in bold italicized text below, and the Company’s response is set forth in plain text immediately following the comment.
Form 20-F for the Year Ended December 31, 2019
Jumia Technologies AG Financial Statements
Notes to Consolidated Financial Statements for the years ended December 31, 2019, 2018 and 2017
28 Earnings per share, page F-46
| 1. | Your calculation of diluted loss per share for all periods presented does not appear to comply with the guidance in IAS 33 as you have included the effect of share options which are anti-dilutive in the weighted average shares used to compute diluted loss per share. Please revise your diluted loss per share calculations to exclude anti-dilutive share options from the weighted average number of shares used to compute diluted loss per share. Refer to the guidance in paragraph 41 of IAS 33. Your calculation of the Loss per American Depository Share disclosed in your Selected Financial Data on page 2 should be similarly revised. |
The Company has revised the 20-F in response to the Staff’s comment. Please see the Amendment to the 2019 20-F.
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If you have any questions regarding this letter, please do not hesitate to call me at 646-456-1087.
Very truly yours, |
/s/ Katherine McGavin |
Katherine McGavin |
General Counsel |
cc:Keira Nakada
(Securities and Exchange Commission)
Jeremy Hodara
Sacha Poignonnec
(Jumia Technologies AG)
Krystian Czerniecki
(Sullivan & Cromwell LLP)
