The confinement measures put in place in Africa in mid-March in response to the COVID-19 outbreak had an immediate impact on our business, with the impact on volumes and items sold varying by product category and country. And Oppenheimer’s chief investment strategist, John Stoltzfus, is particularly adept at showing us the macro view. Jumia Sales November 2020. The wealth created is hard to fathom. Jumia Technologies AG (NYSE: JMIA), (“Jumia”), today announced that it will release its results for the quarter ended September 30, 2020 before the U.S. market opens on Tuesday, November 10, 2020. In his first note of the new year, Stoltzfus notes a series of factors that are going to impact the markets. A rare and historically very profitable stock buy signal is flashing right now. Apollo has investments in 147 companies, with average exposure of $15.9 million. On a geographic basis, volumes surged in some markets, such as Morocco and Tunisia, while lock-downs and confinement measures impacted supply in others, such as Nigeria and South Africa, limiting our ability to meet consumer demand. Gross Merchandise Value also dropped by 13.2%, falling from €263.1 million in Q2 2019 to €228.3 million in Q2 2020. TPV accelerated by 71% from €20.7 million in the first quarter of 2019 to €35.5 million in the first quarter of 2020. With Jumia… The current P/S ratio for Jumia Technologies AG as of December 07, 2020 is . Jumia Christmas Sales 2021 Deals. "Tik Tok lovers" featuring phone and selfie accessories as a result of increased reliance on social media and video to connect with others. We expect the effects of the business mix rebalancing to continue playing out over at least the first half of 2020. Changes, percentages, ratios and aggregate amounts presented have been calculated on the basis of unrounded figures. Are you looking forward to the 2020 Tech Week Sale? The following table provides a reconciliation of loss for the period to Adjusted EBITDA for the periods indicated: Vouchers and consumer incentives reclassification – Supplemental information, View source version on businesswire.com: https://www.businesswire.com/news/home/20200513005234/en/, Jumia Technologies AGSafae Damir Head of Investor Relationsinvestor-relations@jumia.com. Is Nio Stock A Buy As China EV Leader Rebounds Bullishly Ahead Of Big Annual Event? We think there is very little downside to NOI from the legacy book, and view any realizations and re-deployments as a big positive to the stock.”O’Shea gives Apollo an Overweight (i.e. Expanding into food has helped to increase sales and Jumia’s footprint in existing markets, which are led by Nigeria, according to the co-CEO. Bitcoin Mining Firms Benefit From Soaring Bitcoin Price, Why Bitcoin 'Whales' Are Not Ready To Cash Out, Even At All-Time Highs. Jumia is a leading e-commerce platform in Africa. Let us know in the comments section below. All rights reserved. Buy) rating, and a price target which, at $12.50, implies a 12% upside from current levels. Modern drug research is expensive, and Oric recently raised capital through a successful public offering of stock. We believe that the number of orders is a useful indicator to measure the total usage of our platform, irrespective of the monetary value of the individual transactions. The 2020 estimates are for Jumia Technologies AG earnings to increase by 10%, but the outlook for the next 5-year period is at 0% per year. Adjusted EBITDA corresponds to loss for the period, adjusted for income tax expense, finance income, finance costs, depreciation and amortization and share-based payment expense. We believe current investor expectations assign material value to potential best-in-class profile of ORIC-101 and skills of management.” Overall, ORIC shares get a unanimous thumbs up from the analyst consensus, with 3 recent Buy reviews adding up to a Strong Buy rating. (See MGEN stock analysis on TipRanks)Oric Pharmaceuticals (ORIC)The success of the pharmacological industry has, ironically, caused a significant challenge: many diseases are becoming resistant to existing therapies. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. 35% of Orders placed on the Jumia platform in the first quarter of 2020 were paid for using JumiaPay, compared to 26% in the first quarter of 2019. (RTTNews) - Jumia Technologies AG (JMIA) shares are sliding on Monday morning after the leading pan-African e-commerce platform said it entered into an 'at the market offering' sales … Value Added Services revenue, which includes revenue from services charged to our sellers, such as logistics services, packaging, or content creation, decreased by 2.7% in the first quarter of 2020 on a year-over-year basis. We also improved the performance of our app push notifications, aimed at driving repeat purchase, based on the purchase history of consumers. As our marketplace continues to gain depth, we are able to undertake fewer sales on a first party basis. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Tech expense reached €7.2 million in the first quarter of 2020, up 22% on a year-over-year basis and down 7% on a quarter-over-quarter basis, mostly as a result of hosting costs savings. We compensate for these and other limitations by providing a reconciliation of Adjusted EBITDA to the most directly comparable IFRS financial measure, loss for the period. There were no cryptocurrency mining outfits listed on the stock market during the 2017 bull run in Bitcoin prices. Fulfillment expense grew by 5% in the first quarter of 2020 compared to the first quarter of 2019 while Orders increased by 28% over the same period. ... Jumia Tech Week Sale 2020: What to Expect. A number of other brands joined this initiative across various markets, including Procter & Gamble and Unilever.