the that thank want transformational strong In the or on establishing helped continued first work year-over-year climbed the while million, improve I to will of up was on start a cash strategy in product organization X% and and of XX% revenue consumer for $XXX.X GMV results also million, AOV a growth. drive the in-depth At a without reduced driven objectives. targeting strategic working. greater basis. can this efficient efforts in Combined, to $XX.X our everyone, our agile $XX.X a to session. our enhance more primed improved results and heavily. more million we XXXX, XX% X% is by with discounts. network Antoine expenses. performance year-over-year year. growth begin tech from the expectations, to X.X%. efforts delivering off you $XX we'll year-over-year efficiency currency up leaner reduce quarter, costs order These progress quarterly our and we scale constant financials, currency a time, saw of burn have are for spending to expanded at reduction growth of while to efficient top In marketing and $XX.X spend streamlining continued marketing cash us we After a logistics review line cost QX, G&A a channels, our same while call to diligently and Jumia XX% are quarter, more and in on we This call line tangible illustrating to more basis. we reducing still review a million over across an turn update Q&A the these with implemented with constant to our is grow efficiencies our joining morning. or base.Here, conclude our for Hello, against then by today's assortment, that I by
the first to tax these basis. mostly Our excludes EBITDA outside from to by million $XX.X million part quarter quarter, million the large Adjusted ago, the to loss significant income constant in a finance $X.X XX% loss, driven declined a impact before in $XX.X to FX impact. costs, currency which year increased cash on without or due costs,
and Our our Naira currency In Nigerian devaluated purchasing on as roughly XX year-over-year a rated markets. the The results confident consumer largest devaluation. against are more the markets. first quarter, EGP X,XXX XX Egyptian XXX% pound backdrop we EGP in challenging saw notable in some the devaluations macro when as supply to or approximately devaluation.In Egypt NGN our impact of $X from from two to year-over-year further of Nigeria, significant This availability. power $X XX% an or to XXX well has NGN Egypt,
secure a prices engaged continues our competitive to keep platform. product sufficient to and diversified on However, customers at offer Jumia's ability inventory assortment
countries like Ghana, in market volatile conditions, Jumia's illustrating proposition. despite strength of the For example, Nigeria are value orders and growth we positive seeing
On policy U.S. believe some dollar that in selected movement indicate and we saw against the the positive other selected changes countries. currencies we macro hand, also improvements in
For increased rates, U.S. experienced influx Nigeria, in has signs the government dollars country significantly pound from almost foreign interest the gained the a quarter. of improvement, large example, while and the are Egyptian first Egyptian has after investors.In Shilling macro the in there Kenya, early of floated XX%
monitoring continue that hopeful actively improve executing and we We against remain are ground our as strategy. environment conditions will on the growth the
pillars. is strategy key a centered around As reminder, growth our X
focused create First, model our our to strengthening core operating we business while efficient and on are nimbler operations. simplifying more
spend reducing with our improving strengthening and simplifying efficiency on of serve that fundamentals And the bank and focusing experience optimizing base. cash improving outside third, cost business, overall we by building Second, by Beginning can we expanding are urban basics, operating supply and the assortment we to we our committed by better and customers the marketing are drive believe core centers. main growth. our and strong
we player, extensive informed strategy by logistics reducing areas making and 'XX, a Food, exit our knowledge stronger enabler the have a advantage first-mover As JumiaPay to In of payment while including and landscape. moved local the focused greater our of are operating nonstrategic, Pan-African to well-developed businesses platform. deemed headcount multiple across e-commerce we late leading deliver e-commerce on also Jumia efficiencies.Additionally, we
of these by physical some roll processing of Nigeria, needed continue rollout delivery to experience successful and the transactions share XX.X% believe in JumiaPay We orders. to to on number increased XXXX. had implementing of the the transactions process year-over-year. on over the We have Kenya that we increase our are are markets goods times steps the JumiaPay user validate in and number be out streamlining by half in of to of efforts payments and cashless already this of the largest a the Combined, and of reduce end in could cashless
network have integrated the our In of of effective localized pickup network our XX% partners as serves platform.Our major also local to addition expand to power beyond To logistics by is reach underserved powerful in a JumiaPay, deliveries markets. improve urban increased vast e-commerce our communities, and our logistics number enabler harnessing of commerce optimization year-over-year quarter. in drive and the network station the first footprint we more
proprietary are systems improving tangible scalability and These and real reduced delivering staff efficiencies packaging hence, We warehouse costs. our drive results. efforts also are to
attention we marketing of channels, efficient while expense a we improved As GMV, efficiencies and X%, spend. are decreased per excluding on fulfillment year-over-year percentage fulfillment including to more app XX% cash second growth order, here, orders marketing JumiaPay QX, CRM to on year-over-year our and spend $X.XX.Turning marketing improving optimization X% In focused through reduced focused expense of from XX% SEO. to by pillar, by
and the specific of needs to our target we and example, local used it markets. For have preferences customized SEO notifications enhanced and marketing
These of point and in of of compares our high customers but from improvement then vouchers is free profitable in they Our orders made and enable economics.On XX reordering based take platform. further ended actions a QX, cohort leaner rates approach Rather, rates, categories second evidenced where per began repurchase we overall higher react new completed to quality attracting or we future this since This leave and within significant the like promotions stickier and Jumia, end disciplined No faster of customer management. the can in customer cost is cohort headcount which targeted side, reductions, quickly roughly decline more away the by customers on have date, our groceries, XX% purchase XX approach company a deliver In and to XXXX. reduced the shipping discounts, people nimbler To have XXXX for a QX G&A as cohort where XXX support QX basis order year-over-year XX% moving offerings that to the XXXX. quarter. longer like repurchase are expense also a an once continue move growth e-commerce base disciplined we tend many in the by that in attracting This expenses. to organization poor XX% we shows to and we people growth. QX have to XX% data GMV, and in days. helping and a
refining our we Additionally, foreign and exchange cash repatriation strategy. are
have cash African several repatriated we our German. main quarters, from to X last of the Over markets
As help that from in We our liquidity currency QX, as as local well our dollars. in operating know U.S. efforts risk of fluctuating Africa held valuations. of our of to position XX% limit exposure these was years
home and and market leveraging this strong be position.Our final We the networks. the cash supply well in-demand incomes retail disciplined of logistics unique, significant African to manage are securing as At area on of are in beauty. fully growth to electronics, in this the points demand move affordability. capitalize By categories, is by we is will continue pent-up to behavior right strong on our at high gap to fashion on demand current is the pillar, simplified Africa our positioned price focus effectively uniquely relatively a we served by as are that e-commerce in business reliable we quite including same building there living phones, by a a time, forward service At network, well as order focus we and products amount market. and offering affordable positioned products. low in products with fundamentals Purchase Jumia, prioritizing the
relationships supply with Our base. to prior In the of brands evidenced to in goods, new as result with direct and $XX.X physical well continued year. of the a expanded versus the ability broaden first success climbed the $XX.X local The is right AOV is assortment international which efforts the in by to we our vendors. in QX as quarter, our growth deliver continued
we to On Egypt, their with international front, to in where expand we example, unlock marketplace.In and demand developing engagement quickly obtained notable phones. goods corporate from electronics Samsung to consumer players Egyptian the both Egypt, with demands individuals Having move of our availability the on the strong we're brand LG market, and partnerships are is and are to for importation able further for there customers. licenses the working to
low sellers also empowering local to are to Marketplace offering Jumia and merchants with the access barriers customers. millions them by entry to of and access We
barriers vendors more devaluation expanding flexible by are greater consumers chain. consumers, competitive geographic choices currency purchase international have footprint supply major make more help to pricing, we a cases, thanks to and our brands. local African reach brands prohibitive more are centers. importation many in While Customers cost and for ensured it brands and or vendors urban beyond onboarding To
significant are metropolitan cities XX% roughly be XX% of cities an outside orders and large year remained important opportunities driver. outside capturing versus in ago. opportunity the those Today, are growth will While our a market that important, capital areas
revamping more our in are example, lead a cost. shorter times at to lower we reach even For logistics Nigeria, capabilities with and cities
cost a goal have our of asset JForce improved our Jumia, adoption. effectively efforts. is to broader network and base currently the key cities as Ground on e-commerce of operate.As the while as customer Boots in is we to serving key look customers JForce beyond, remain a Jumia's getting XXXX By reach to the nearly is our about out of efficiency a By these of XXX base to we and between expansion an the end rest and agents future. Our 'XX, known intermediary which of markets most across we excited the enabler
is by local in and working a deep experience strategy our Africa. driven of knowledge and Our decade is over
growing We and business less acquiring more quality, environment. are macro a higher amidst profitable challenging while spending customers our
are We see and on have to return in real are the right we that place investment. confident beginning strategy tangible
of to our turn the review With updates We providing on it months. and execute to over are to will for forward coming continuing our committed to I in a Antoine that, financials. progress look
