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Exhibit 99.1 JUMIA✪ Jumia reports Second Quarter 2021 results Increased investments in long - term growth Orders increased by 13 % year - over - year Gross Profit after Fulfillment expense was up 16 % year - over - year Adjusted EBITDA loss increased by 15 % year - over - year Lagos , August 10 , 2021 - Jumia Technologies AG ( NYSE : JMIA ) ( " Jumia " or the " Company " ) announced today its financial results for the second quarter ended June 30 , 2021 . Results highlights for the second quarter 2021 As reported In USD ( 1 ) million , except percentages GMV 2020 2021 YOY Change For the three months ended June 30 As reported 251.0 223.5 TPV 59.0 56.6 ( 11.0 ) % ( 4.0 ) % 2020 251.0 Constant currency 2021 YOY Change 216.7 59.0 56.5 ( 13.7 ) % ( 4.4 ) % TPV as % of GMV 23.5 % 25.3 % 23.5 % 26.1 % Gross Profit 25.6 26.8 4.4 % Fulfillment expense ( 19.0 ) ( 19.1 ) 0.3 % 25.6 ( 19.0 ) 25.8 0.8 % ( 18.4 ) ( 3.2 ) % Gross Profit after Fulfillment expense 6.6 7.7 16.3 % 6.6 7.4 12.4 % Sales and Advertising expense ( 7.9 ) ( 17.1 ) 115.0 % ( 7.9 ) ( 17.0 ) 113.4 % Technology and Content expense ( 7.8 ) ( 8.4 ) 7.9 % ( 7.8 ) ( 8.3 ) 7.3 % G & A expense , excluding SBC ( 31.3 ) ( 26.6 ) ( 15.0 ) % ( 31.3 ) ( 26.7 ) ( 14.7 ) % Adjusted EBITDA ( 36.2 ) ( 41.6 ) 15.1 % ( 36.2 ) ( 42.0 ) 16.2 % Operating Loss ( 41.3 ) ( 51.6 ) 24.7 % ( 41.3 ) ( 52.5 ) 27.0 % ( 1 ) All numbers presented in USD as a result of functional and presentation currency changes effective April 1 , 2021. Results highlights in EUR are provided in the appendix . " We are executing on our acceleration strategy to drive usage growth on our platform and are encouraged to see early signs of success in our business , including posting our fastest growth rate in Orders in the past five quarters , " commented Jeremy Hodara and Sacha Poignonnec , Co - Chief Executive Officers of Jumia . " Over the past 18 months , we have significantly diversified our product category mix , improved our unit economics and strengthened our balance sheet . To build on this momentum and drive the long - term growth of our