Jumia Technologies (JMIA) 6-K 10 Nov 20 Jumia reports Third Quarter 2020 results Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2020
Document Information [Line Items]
Entity Central Index Key	0001756708
Document Type	6-K
Document Period End Date	Sep. 30, 2020
Entity File Number	001-38863
Entity Registrant Name	Jumia Technologies AG
Entity Address, Address Line One	Skalitzer Straße 104
Entity Address, Postal Zip Code	10997
Entity Address, City or Town	Berlin
Entity Address, Country	DE
Amendment Flag	false
Current Fiscal Year End Date	--12-31

CONSOLIDATED STATEMENT OF FINAN

CONSOLIDATED STATEMENT OF FINANCIAL POSITION - EUR (€) € in Thousands	Sep. 30, 2020	Dec. 31, 2019
Non-current assets
Property and equipment	€ 15,509	€ 17,434
Intangible assets	507	47
Deferred tax assets	102	109
Other non-current assets	1,352	1,508
Total Non-current assets	17,470	19,098
Current assets
Inventories	7,688	9,996
Trade and other receivables	10,070	16,936
Income tax receivable	938	725
Other taxes receivable	5,255	5,395
Prepaid expenses	5,995	12,593
Term deposits	1,039	62,418
Cash and cash equivalents	147,149	170,021
Total Current assets	178,134	278,084
Total Assets	195,604	297,182
Equity
Share capital	162,162	156,816
Share premium	1,018,276	1,018,276
Other reserves	108,776	104,114
Accumulated losses	(1,210,421)	(1,096,134)
Equity attributable to the equity holders of the Company	78,793	183,072
Non-controlling interests	(675)	(498)
Total Equity	78,118	182,574
Non-current liabilities [abstract]
Non-current borrowings	6,786	6,127
Provisions for liabilities and other charges, noncurrent	308	226
Deferred income	923	1,201
Total non-current liabilities	8,017	7,554
Current liabilities
Borrowings	2,573	3,056
Trade and other payables	52,405	56,438
Total income tax payables	10,245	10,056
Other taxes payable	9,058	4,473
Provisions for liabilities and other charges, current	30,630	27,040
Deferred income	4,558	5,991
Total Current liabilities	109,469	107,054
Total Liabilities	117,486	114,608
Total Equity and Liabilities	€ 195,604	€ 297,182

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of comprehensive income [abstract]
Revenue	€ 33,672	€ 40,916	€ 97,863	€ 111,132
Cost of revenue	10,425	21,937	32,952	60,066
Gross profit	23,247	18,979	64,911	51,066
Fulfillment expense	16,623	20,707	49,818	53,512
Sales and advertising expense	6,190	13,775	22,284	40,529
Technology and content expense	6,312	6,984	20,540	19,544
General and administrative expense	22,724	32,660	84,186	105,325
Other operating income	648	713	2,801	1,392
Other operating expense	1	177	154	308
Operating loss	(27,955)	(54,611)	(109,270)	(166,760)
Finance income	1,036	4,390	2,969	4,912
Finance costs, net	4,674	(103)	6,339	1,573
Loss before Income tax	(31,593)	(50,118)	(112,640)	(163,421)
Income tax (benefit)/expense	793	(208)	1,387	53
Loss for the period	(32,386)	(49,910)	(114,027)	(163,474)
Attributable to:
Equity holders of the Company	(32,323)	(49,817)	(113,845)	(163,228)
Non-controlling interests	(63)	(93)	(182)	(246)
Loss for the period	(32,386)	(49,910)	(114,027)	(163,474)
Other comprehensive income/(loss) to be classified to profit or loss in subsequent periods
Exchange differences (gain/loss) on translation of foreign operations - net of tax	18,197	(19,772)	48,049	(30,279)
Other comprehensive income / (loss) on net investment in foreign operations - net of tax	(18,665)	20,525	(49,154)	31,310
Other comprehensive income/(loss)	(468)	753	(1,105)	1,031
Total comprehensive loss for the period	(32,854)	(49,157)	(115,132)	(162,443)
Attributable to:
Equity holders of the Company	(32,794)	(49,064)	(114,950)	(162,197)
Non-controlling interests	(60)	(93)	(182)	(246)
Total comprehensive loss for the period	€ (32,854)	€ (49,157)	€ (115,132)	€ (162,443)
Earnings per share [abstract]
Basic and Diluted, Loss for the period attributable to ordinary equity holders of the parent	€ (0.20)	€ (0.32)	€ (0.72)	€ (1.21)

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - EUR (€) € in Thousands	Equity attributable to the Equity holders of the Company	Share Capital	Share premium	Accumulated losses	Total other reserves	Non-controlling interests [member]	Total
Equity at beginning of period at Dec. 31, 2018	€ 49,965	€ 133	€ 845,787	€ (862,048)	€ 66,093	€ (117)	€ 49,848
Loss for the period	(163,228)			(163,228)		(246)	(163,474)
Other comprehensive income/(loss)	1,031			(1)	1,032		1,031
Total comprehensive loss for the period	(162,197)			(163,229)	1,032	(246)	(162,443)
Capital contribution (Note 11)	329,172	156,683	172,489				329,172
Share-based payments (Note 13)	31,934				31,934		31,934
Equity transaction cost	(7,356)			(7,356)			(7,356)
Change in Non-controlling interests	(25)			(49)	24	(4)	(29)
Equity at end of period at Sep. 30, 2019	241,493	156,816	1,018,276	(1,032,682)	99,083	(367)	241,126
Equity at beginning of period at Dec. 31, 2019	183,072	156,816	1,018,276	(1,096,134)	104,114	(498)	182,574
Loss for the period	(113,845)			(113,845)		(182)	(114,027)
Other comprehensive income/(loss)	(1,105)				(1,105)	0	(1,105)
Total comprehensive loss for the period	(114,950)			(113,845)	(1,105)	(182)	(115,132)
Exercise of options (Note 11)	571	5,346			(4,775)		571
Share-based payments (Note 13)	10,542				10,542		10,542
Equity transaction cost	(440)			(440)			(440)
Change in Non-controlling interests	(2)			(2)		5	3
Equity at end of period at Sep. 30, 2020	€ 78,793	€ 162,162	€ 1,018,276	€ (1,210,421)	€ 108,776	€ (675)	€ 78,118

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of cash flows [abstract]
Loss before Income tax	€ (31,593)	€ (50,118)	€ (112,640)	€ (163,421)
Depreciation and amortization of tangible and intangible assets	1,893	2,054	6,106	5,528
Impairment losses on loans, receivables and other assets	288	559	3,538	2,607
Impairment losses on obsolete inventories	208	374	600	727
Share-based payment expense	3,418	7,100	11,998	31,934
Net (gain) loss from disposal of tangible and intangible assets	1	(5)	11	(170)
Net (gain) loss from disposal of financial assets at amortised cost				6
Impairment losses on investment in subsidiaries		28		28
Change in provision for other liabilities and charges	(2,957)	1,493	4,027	3,039
Lease modification (income)/expense	(57)		(57)
Interest (income)/expenses	222	(498)	374	(302)
Net unrealized foreign exchange (gain)/loss	4,292	(3,910)	4,361	(3,022)
(Increase)/Decrease in trade and other receivables, prepaid expenses and other tax receivables	2,801	6,248	9,460	(6,188)
(Increase)/Decrease in inventories	1,120	3,275	327	(1,516)
Increase/(Decrease) in trade and other payables, deferred income and other tax payables	179	(9,136)	1,396	390
Income taxes paid	(449)	(145)	(1,396)	(1,271)
Net cash flows used in operating activities	(20,634)	(42,681)	(71,895)	(131,631)
Cash flows from investing activities
Purchase of property and equipment	(436)	(1,481)	(1,348)	(3,608)
Proceeds from sale of property and equipment		3	3	12
Purchase of intangible assets	(487)	(30)	(496)	(31)
Proceeds from sale of intangible assets		3		222
Payment for acquisition of subsidiary, net of cash acquired		9		7
Interest received	524	45	651	533
Movement in other non-current assets		(6)	78	(184)
Movement in term deposits and other current assets	(392)		61,675	(62,715)
Net cash flows (used in)/from investing activities	(791)	(1,457)	60,563	(65,764)
Cash flows from financing activities
Repayment of borrowings		(5)		(5)
Interest settled, net - financing	20	(78)	(27)	(78)
Repayment of lease interest	(323)	67	(985)	(700)
Repayment of lease liabilities	(518)	(1,210)	(3,046)	(2,547)
Equity transaction costs	(118)	(1,109)	(426)	(4,856)
Capital Contributions		(5)		(329,178)
Proceeds from exercise of share option	260		571
Net cash flows (used in)/from financing activities	(679)	(2,330)	(3,913)	320,992
Net increase/(decrease) in cash and cash equivalents	(22,104)	(46,468)	(15,245)	123,597
Effect of exchange rate changes on cash and cash equivalents	(5,073)	2,145	(7,627)	2,841
Cash and cash equivalents at the beginning of the period	174,326	271,396	170,021	100,635
Cash and cash equivalents at the end of the period	€ 147,149	€ 227,073	€ 147,149	€ 227,073

Corporate information

Corporate information	9 Months Ended
	Sep. 30, 2020
Corporate information
Basis of consolidation	1 Corporate information The accompanying consolidated financial statements and notes present the operations of Jumia Technologies AG (the “Company” or “Jumia Tech”) and its subsidiaries (the “Group” or “Jumia”). The Company was incorporated as Africa Internet Holding GmbH on June 26, 2012, and was transformed into Jumia Technologies AG, a German stock corporation on January 31, 2019. The Company is domiciled in Germany and has its registered office located at Charlottenstraße 4, 10969 Berlin. In April 2019 Jumia Tech became a listed company on New York Stock Exchange (NYSE), under the symbol JMIA, where 19.80% of total shares were listed, with initial value per share of 14.50 USD. Jumia is the leading pan-African e-commerce platform. Jumia’s platform consists of a marketplace, which connects sellers with consumers, a logistics service, which enables the shipping and delivery of packages from sellers to consumers, and a payment service, which facilitates transactions among participants active on Jumia’s platform. The Group has incurred significant losses since its incorporation. The Group expects to continue generating losses as it makes the necessary investments to grow and/or rebalance its business. The Group will therefore continue to require additional funding either from existing or new shareholders. The interim condensed consolidated financial statements have been prepared on a basis which assumes that the Group will continue as a going concern, and which contemplates the recoverability of assets and the satisfaction of the liabilities and commitments in the normal course of business. The Group has sufficient resources to operate as a going concern for the next 12 months. On November 8, 2020 the Supervisory Board authorized these interim condensed consolidated financial statements for issuance.

Basis of Preparation

Basis of Preparation	9 Months Ended
	Sep. 30, 2020
Summary of significant accounting policies
Basis of preparation	2 Basis of preparation This interim financial report for the quarterly reporting period ended September 30, 2020 has been prepared in accordance with IAS 34 Interim Financial Reporting. Our business is seasonal and, consequently, our results tend to fluctuate from quarter to quarter. However, the comparability of the Group's results and financial position of the interim period, is not significantly affected by the level of seasonality. The interim report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the consolidated financial statements for the year ended December 31, 2019. The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, except for the adoption of the new standards effective as of January 1, 2020 (Note 4 a)). The interim condensed consolidated financial statements are presented in euros and all values are rounded to the nearest thousand (€000), except when otherwise indicated. ​

Significant changes in the curr

Significant changes in the current reporting period	9 Months Ended
	Sep. 30, 2020
Significant accounting estimates, judgments and assumptions in applying accounting policies
Significant changes in the current reporting period	3 Significant changes in the current reporting period The financial position and performance of the Group was particularly affected by the following events and transactions during the nine months ended September 30, 2020: ● The Group agreed to pay a settlement for several class action lawsuits, in the amount of $5 million, $1 million of which will be funded by insurance coverage. In result, the Group recorded in the current period an expense in the amount of €4.5 million. (see Notes 14 and 21). ● The World Health Organization declared coronavirus and COVID-19 a global health emergency on 30 January 2020. As an e-commerce company operating in Africa, we experienced effects that varied in nature and intensity by country and evolved over time. o In the early part of the first quarter of 2020, factory shutdowns in China affected our cross-border business where we facilitate orders from international sellers in general and Chinese ones in particular. It also impacted some of our local sellers who rely on product imports from China. As work resumed in Chinese factories these disruptions eased gradually and their impact on the first quarter 2020 performance was not significant. o With the virus reaching Africa starting in March 2020, we started seeing local effects of the pandemic. In terms of business impact, the main effect was localized logistic and supply disruption that persisted throughout the second quarter of 2020 with limited tailwinds from a demand standpoint at group level. ◾ Across the majority of our addressable market, we experienced no meaningful change in consumer behavior, aside from increased demand for essential and every-day products and reduced appetite for higher ticket size, discretionary purchases. We experienced a temporary surge in volumes in some markets, such as Morocco and Tunisia, while in Nigeria and South Africa, we faced significant disruption as a result of movement restriction that only started easing towards the end of the second quarter 2020. ◾ We have seen increased demand from brands and sellers, across all geographies, to join and expand their business on our platform as the COVID-19 crisis further established e-commerce as an important route to market. o While we encountered less supply and logistics disruption in the third quarter vs the first half of 2020, the effects of the COVID-19 pandemic continued playing out, negatively impacting consumer sentiment in our countries of operation. o Due to the complexity of the overall factors, which cannot be reliably separated from unrelated drivers of changes in the Group’s financial performance, the several impacts could not be quantified. Changes in accounting policies, estimates and assumptions There have been no material revisions to the nature and amount of estimates reported in prior periods, except for the effect of the settlement of the lawsuit. However, as presented above, the effects of COVID-19 have required assessment of significant judgments and estimates to be made, including but not limited to: ​ ● Determining the net realizable value of inventory that has become slow moving due to the effects of COVID-19; and, ​ ● Estimates of expected credit losses attributable to accounts receivable arising from sales to customers on credit terms, including the incorporation of forward-looking information to supplement historical credit loss rates.

New accounting pronouncements

New accounting pronouncements	9 Months Ended
	Sep. 30, 2020
New accounting pronouncements
New accounting pronouncements	4 New accounting pronouncements a) New standards, interpretations and amendments adopted by the Group During the current period the Group has adopted the following amendments, which have no material impacts on the Group’s interim consolidated financial statements. ● Amendments to IFRS 3: Definition of a business ● Amendments to IAS 1 and IAS 8: Definition of Material. ● Amendments to IFRS 9, IAS 39 and IFRS 7: Interest Rate Benchmark Reform (Phase 1) ● Amendments to References to the Conceptual Framework in IFRS Standards b) Standards issued during the interim period but not yet effective in the interim condensed consolidated financial statements Amendment to IFRS 16: Covid 19-related rent concessions. In May 2020, the IASB issued an amendment to IFRS 16 Leases which exempts lessees from assessing whether the rent concessions granted by lessors under COVID-19 are a modification to the lease contract, when three criteria are cumulatively met: i) the change in lease payments results in a revised fee for the lease that is substantially equal to, or less than, the fee immediately prior to the change; ii) any reduction in lease payments only affects payments due on or before June 30, 2021; and iii) there are no substantive changes to other lease terms and conditions. This amendment is applicable for annual reporting periods beginning on or after June 1, 2020, with early application permitted. The Group chose not to perform early application and does not expect to apply this practical expedient.

Property and equipment

Property and equipment	9 Months Ended
	Sep. 30, 2020
Property and Equipment
Property and Equipment	5 Movements in the carrying amount of property and equipment were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation ​ ​ ​ ​ ​ ​ ​ ​ ​ equipment, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ office ​ ​ ​ ​ ​ ​ ​ ​ Technical ​ equipment ​ Right of use ​ ​ ​ ​ ​ ​ equipment and ​ and other ​ assets - Office ​ ​ In thousands of EUR Buildings machinery equipment ​ and Warehouse Total Cost ​ ​ Balance as of December 31, 2019 2,626 2,412 11,949 ​ 14,060 31,047 Additions 241 ​ 195 ​ 912 ​ 4,081 ​ 5,429 Disposals (15) ​ (17) ​ (74) ​ — ​ (106) Reclassification ​ 72 ​ (95) ​ 23 ​ — ​ — Effect of translation (204) ​ (136) ​ (788) ​ (1,132) ​ (2,260) Balance as of September 30, 2020 2,720 2,359 12,022 ​ 17,009 34,110 Accumulated depreciation ​ ​ Balance as of December 31, 2019 (1,329) (1,108) (6,887) ​ (4,289) (13,613) Depreciation charge (482) ​ (376) ​ (1,849) ​ (3,399) ​ (6,106) Accumulated depreciation on disposals 15 ​ 17 ​ 74 ​ — ​ 106 Effect of translation 105 ​ 85 ​ 507 ​ 315 ​ 1,012 Balance as of September 30, 2020 (1,691) (1,382) (8,155) ​ (7,373) (18,601) Carrying amount as of December 31, 2019 1,297 ​ 1,304 ​ 5,062 ​ 9,771 17,434 Carrying amount as of September 30, 2020 1,029 ​ 977 ​ 3,867 ​ 9,636 15,509 ​ During the nine months ended on September 30, 2020, the Group’s main additions on Right of use assets include new lease contracts for an office in Egypt, Nigeria and Portugal and a warehouse facility in Egypt.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2020
Inventories
Inventories	6 Inventories Inventories are comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR September 30, 2020 December 31, 2019 Merchandise available for sale 9,103 11,176 Less: Provision for slow moving and obsolete inventories (1,415) (1,180) Total Inventories 7,688 9,996 ​ The total cost of inventory recognized as an expense, under the caption cost of revenue, in the interim consolidated profit or loss for the three months ended September 30, 2020 was EUR 10,425 thousand (September 30, 2019: 21,937). The total cost of inventory recognized as an expense in the interim consolidated profit or loss for the nine months ended September 30, 2020 was EUR 32,952 thousand (September 30, 2019: 60,066). Provision for slow moving and obsolete inventories The total net provision for slow moving and obsolete inventories recognized as an expense in the interim consolidated profit or loss for the three months ended September 30, 2020 was EUR 208 thousand (September 30, 2019: 374). The total net provision for slow moving and obsolete inventories recognized as an expense, under the caption cost of revenue, in the interim consolidated profit or loss for the nine months ended September 30, 2020 was EUR 600 thousand (September 30, 2019: 727).

Cash and cash equivalents

Cash and cash equivalents	9 Months Ended
	Sep. 30, 2020
Cash and cash equivalents [abstract]
Disclosure of cash and cash equivalents [text block]	7 Cash and cash equivalents Cash and cash equivalents comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR ​ September 30, 2020 December 31, 2019 Cash at bank and in hand ​ 147,149 ​ 52,729 Short-term deposits ​ — ​ 117,292 Total Cash and cash equivalents ​ 147,149 ​ 170,021 ​ Cash at banks earns interest at floating rates based on daily bank deposit rates. Short-term deposits are made for varying periods, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates. Cash and cash equivalents are also subject to the impairment requirements of IFRS 9, the identified expected credit loss as of September 30, 2020 was EUR 223 thousand (December 31, 2019: nil).

Term Deposits

Term Deposits	9 Months Ended
	Sep. 30, 2020
Deposit Asset [Abstract]
Term Deposits	8 Term Term deposits comprised the following: ​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, 2020 December 31, 2019 Short term deposits - banks ​ 653 ​ 62,418 Short term deposits - others ​ 386 ​ — Term Deposits ​ 1,039 ​ 62,418 ​ Short-term deposits in banks represent interest bearing deposit with a commercial bank for a fixed period of more than 3 months. ​ The Group has pledged short-term guarantee deposits with its commercial vendors. At September 30, 2020, the fair value of the short-term guarantee deposits pledged were EUR 386 thousand (December 31, 2019: nil).

Trade and other receivables

Trade and other receivables	9 Months Ended
	Sep. 30, 2020
Trade and other receivables
Trade and other receivables	9 Trade and other receivables Trade and other receivables were comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR Note September 30, 2020 December 31, 2019 Advances to suppliers 1,096 2,356 Trade notes and accounts receivable 13,133 17,780 Less: Allowance for impairment of trade notes and accounts receivable (7,506) (8,283) Unbilled revenues 1,164 858 Other receivables 2,865 4,728 Less: Allowance for impairment of other receivables (682) (503) Trade and other receivables 10,070 16,936 ​ Allowance for expected credit losses The movement of allowance for expected credit losses (“ECL”) of trade notes and accounts receivables and other receivables (including related parties) is as follows: ​ ​ ​ ​ ​ ​ ​ ECL of trade notes ​ ​ ​ and accounts ​ ECL of other In thousands of EUR receivable receivables Balance as of December 31, 2019 8,283 503 Additions 3,589 ​ 268 Reversal (279) ​ (40) Use of provision (3,515) ​ — Effect of translation (572) ​ (49) Balance as of September 30, 2020 7,506 682 ​ The ageing analysis of trade notes and accounts receivables is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past due but not impaired ​ ​ ​ Total Neither past ​ ​ ​ ​ ​ ​ ​ Total ​ expected ​ due nor ​ < 30 ​ 30 - 90 ​ >90 In thousands of EUR Total net gross credit losses impaired days days days As of September 30, 2020 5,627 13,133 (7,506) 795 ​ 2,789 ​ 722 ​ 1,321 As of December 31, 2019 9,497 17,780 (8,283) 3,291 1,554 2,515 2,137 ​

Prepaid expenses

Prepaid expenses	9 Months Ended
	Sep. 30, 2020
Prepaid expense and other current assets
Prepaid expenses	10 Prepaid expenses As of September 30, 2020, prepaid expenses were comprised of prepaid server hosting fees and software licenses amounting to EUR 2,353 thousand (December 31, 2019: 7,788), prepaid insurance amounting to EUR 1,814 thousand (December 31, 2019: 843), advance payments to the Group’s online payment services amounting to EUR 734 thousand (December 31, 2019: 2,168) and prepaid short-term leases and other goods and services amounting to EUR 1,094 thousand (December 31, 2019: 1,794). ​

Share capital and share premium

Share capital and share premium	9 Months Ended
	Sep. 30, 2020
Share capital and share premium
Share capital and share premium	11 Share capital and share premium Ordinary shares issued and fully paid as at September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of shares Class Par value (EUR) Share capital (in thousands of EUR) Share premium (in thousands of EUR) ​ Total 162,161,928 Ordinary 1 162,162 ​ 1,018,276 ​ 1,180,438 Total ​ 1 162,162 ​ 1,018,276 ​ 1,180,438 ​ Ordinary shares issued and fully paid as at December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of shares Class Par value (EUR) Share capital (in thousands of EUR) Share premium (in thousands of EUR) ​ Total 156,816,494 Ordinary 1 156,816 ​ 1,018,276 ​ 1,175,092 Total ​ 1 156,816 ​ 1,018,276 ​ 1,175,092 ​ The total authorized number of ordinary shares is 162,161,928 shares as at September 30, 2020 (December 31, 2019: 156,816,494 shares) with a par value of EUR 1.00 per share. All issued ordinary shares are fully paid. Each ordinary share carries one vote. During the nine months ended September 30, 2020, 5,345,434 shares were issued, with nominal value of EUR 1 each. Share capital was issued to the beneficiaries of the virtual participation program for exercise of their stock options. For the nine months ended September 30, 2020, the total settlement of claims related to the share-based payment compensation amounts to EUR 4,775 thousand and it is presented as a decrease to other reserves in the interim consolidated statement of changes in equity (Note 12). Out of the share capital increase 4,759,452 shares were issued with an exercise price of 0.12 EUR per share representing the net capital contribution received of EUR 571 thousand, during the period. Related transaction costs of EUR 201 thousand were recognized directly in the accumulated losses.

Other Reserves

Other Reserves	9 Months Ended
	Sep. 30, 2020
Other reserves [abstract]
Other Reserves	12 Other Reserves ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange ​ ​ ​ ​ ​ ​ ​ ​ difference on ​ ​ ​ ​ ​ ​ ​ ​ net investment ​ Currency ​ Total ​ ​ Capital ​ in foreign ​ translation ​ other In thousands of EUR reserves ​ operations adjustment reserves As of December 31, 2019 113,395 ​ (69,464) 60,183 104,114 Other comprehensive loss ​ ​ (49,041) ​ 47,936 (1,105) Total comprehensive loss for the period — ​ (49,041) 47,936 (1,105) Share-based payments (Note 13) 10,542 ​ ​ ​ ​ 10,542 Exercise of options (Note 11) ​ (4,775) ​ ​ ​ ​ ​ (4,775) Change in Non-controlling interests ​ ​ ​ ​ ​ ​ — As of September 30, 2020 119,162 ​ (118,505) 108,119 108,776 ​ Exercise of options corresponds to the total settlement of claims related to the share-based payment options, for the nine months ended September 30, 2020, as described in Note 11.

Share based compensation

Share based compensation	9 Months Ended
	Sep. 30, 2020
Share-based compensation
Share-based compensation	13 Share-based compensation New share-based payment plans granted during 2020 Stock Option Program 2020 Our shareholders approved the Stock Option Program 2020 (the “2020 Plan”) at our 2020 Annual General Meeting. Jumia granted an individual number of stock options to beneficiaries under the terms and conditions of the SOP 2020. Each stock option entitles the holder to receive one share of Jumia (or 0.5 ADS as 1 ADS represent 2 Jumia is entitled to elect, at its sole discretion, a cash payment for each vested stock option instead of issuing one share. The stock options can only be exercised, if the average annual growth rate of the Gross Merchandise Volume amounts to at least 10% during the four years waiting period. If this performance target is not met, all options will lapse. Moreover, there is a second condition (only) for a part of the stock options granted to certain members of senior management: The Adjusted EBITDA must be positive for two consecutive quarters by 31 March 2023. If this condition is met for one or more Big Countries (Egypt, Ivory Coast, Kenya, Morocco and Nigeria) or Small Countries (Algeria, Ghana, Senegal, South Africa, Tunisia and Uganda), an individual number of options will vest (if and to the extent of the satisfaction of the other vesting requirements set out in the terms and conditions) for each country for that the condition is met. A satisfaction of the condition for a Big Country will result in a vesting of a greater number of stock options than a satisfaction of the condition for a Small Country. The stock options are subject to vesting requirements. The stock options shall generally vest in two tranches. Two one Beneficiaries who are members of the management board will forfeit the right to exercise their options if they resign and start working for a competitor within the next 6 months Other beneficiaries will keep all stock options that are vested. If Jumia pays dividends during the waiting period or exercise period, the beneficiaries are entitled to receive a dividend payment for each vested but not yet exercised stock option. However, Jumia does not expect to pay dividends during the next years. The company is accounting for the stock options of the SOP 2020 as an equity settled plan. For equity-settled awards, the expenses to be recognized are determined based on the grant date fair value of the awards. The fair values of the SOP 2020 are derived from the Black-Scholes-Merton model with the following inputs: ​ ​ ​ ​ ​ ​ SOP 2020 Fair value per ADS (1) USD 6.48 ​ Exercise price per ADS USD 3.67 ​ Risk-free interest rate (2) 0.26 % Expected dividend yield (3) 0 % Expected life (years) (4) 4 years ​ Expected volatility (5) 50 % Weighted average of Fair value of Options ​ EUR 1.26 ​ ​ (1) The Fair value per ADS is derived based on the value per ADS of Jumia traded on the New York Stock Exchange converted into Euro. (2) Risk-free interest rate is based on US government bond yields consistent to the expected life of options. (3) Expected dividend yield is assumed to be 0% based on the fact that the Group has no history or expectation of paying a dividend (4) Expected life of share options is based on the waiting period of four years . (5) Expected volatility is assumed based on the historical volatility of the Group’s comparable companies in the period equal to the expected life of each grant. Non-vesting conditions were considered in the determination of the fair value of the options. As each stock option entitles the holder to receive one share of Jumia, the Fair value per ADS and the exercise price per ADS have to be divided by 2 For the 2020 Plan, Jumia recognized expenses of EUR 534 thousand for the three months ended September 30, 2020 and EUR 637 thousand for the nine months ended September 30, 2020. Virtual Restricted Stock Unit Program 2020 Our shareholders also approved the Virtual Restricted Stock Unit Program 2020 (the “2020 VRSUP”) at our 2020 Annual General Meeting. Jumia granted an individual number of virtual restricted stock units (“VRSUs”) to beneficiaries under the terms and conditions of the 2020 VRSUP. Grants are based on individual grant agreements. Each beneficiary received an individual grant agreement that includes the individual number of VRSUs. Each VRSU entitles the holder to receive a cash payment equal to the ten trading day average share price after the publication by the Company of the later of its last half year report or its last annual financial statements. For selected employees of the company (i.e. Group 2) and selected employees of affiliated companies (i.e. Group 4), Jumia is entitled to elect, at its sole discretion, to issue one share for each vested VRSU instead of a settlement in cash. In general, the VRSUs shall vest one year after the grant and will be paid out as soon as reasonably practicable following the expiration of a period of twelve The RSUs for all beneficiaries are not subject to any performance conditions or a maximum payout amount (Cap). The VRSUP 2020 is recognized as a cash-settled plan for certain beneficiaries (e.g. members of the management board) and as an equity-settled plan for all other beneficiaries. For cash-settled awards, the expenses are determined on the fair value of the awards at each reporting date. For equity-settled awards, the expenses to be recognized are determined based on the grant date fair value of the awards. The fair value per VRSU was derived based on the observable stock price of Jumia as at the grant date or the reporting date depending on the cash- or equity-settled classification. The weighted average fair value per VRSU amounts to EUR 3.20. For the cash-settled part of the 2020 VRSUP, Jumia recognized expenses of EUR 979 thousand for the three months ended September 30, 2020 and EUR 1,286 thousand for the nine months ended September 30, 2020. For the equity-settled part of the 2020 VRSUP, Jumia recognized expenses of EUR 532 thousand for the three months ended September 30, 2020 and EUR 682 thousand for the nine months ended September 30, 2020. Other existing plans For the other existing plans, Jumia recognized expenses of EUR 1,373 thousand for the three months ended September 30, 2020 and EUR 9,392 thousand for the nine months ended September 30, 2020 (For the three months ended September 30, 2019: 7,100; For the nine months ended September 30, 2019: 31,934).

Trade and other payables

Trade and other payables	9 Months Ended
	Sep. 30, 2020
Trade and other payables
Trade and other payables	14 Trade and other payables Trade and other payables comprise the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR Note September 30, 2020 December 31, 2019 Trade payables 16,924 15,762 Invoices not yet received ​ 19,509 19,292 Accrued employee benefit costs ​ 8,159 7,943 Sundry accruals ​ 7,813 13,441 Trade and Other Payables 52,405 56,438 ​ Invoices not yet received include a litigation settlement accrual of EUR 4,265 thousand (USD 5,000 thousand). As previously disclosed, several putative class action lawsuits were filed in the U.S. District Court for the Southern District of New York and the New York County Supreme Court against us and other defendants, including current and former members of our supervisory and management boards. The cases assert claims under federal securities laws based on alleged misstatements and omissions in connection with, and following, our initial public offering. On August 11, 2020, we reached an agreement to fully resolve all of the actions, subject to standard conditions including court approval. Under this agreement, in which the defendants do not admit any liability or wrongdoing, Jumia will make a settlement payment of USD 5,000 thousand, USD 1,000 thousand of which will be funded by insurance coverage. Sundry accruals relate principally to consultancy, legal, marketing, IT and logistics services payables.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2020
Borrowings.
Borrowings	15 Borrowings Lease liabilities are presented in the statement of financial position as follows: ​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR ​ September 30, 2020 ​ December 31, 2019 Current ​ 2,573 ​ 3,056 Non-current ​ 6,786 ​ 6,127 Total Lease liabilities ​ 9,359 ​ 9,183 ​ Set out below is the maturity of the lease liabilities classified as non-current as of September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ In thousands of EUR ​ One to five years ​ More than five years ​ Total Lease liability future payments ​ 6,501 ​ 285 ​ 6,786 ​ The Group has several lease contracts that include extension and termination options. Whenever the contracts do not include a mutual agreement clause, the extension options attributed to the Group are assumed to be exercised and, therefore, are included in the lease terms considered when measuring our lease liabilities. Changes in liabilities arising from financing activities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In thousands of EUR December 31, 2019 Additions Payments Reclassification Effect of translation September 30, 2020 Current lease liabilities ​ 3,056 ​ 2,453 ​ (4,031) ​ 1,256 ​ (161) ​ 2,573 Non-current lease liabilities ​ 6,127 ​ 2,584 ​ ​ ​ (1,256) ​ (669) ​ 6,786 Total liabilities from financing activities ​ 9,183 ​ 5,037 ​ (4,031) ​ — ​ (830) ​ 9,359 ​ Additions include EUR 1,026 thousand of accrued interest.

Provisions for liabilities and

Provisions for liabilities and other charges	9 Months Ended
	Sep. 30, 2020
Provisions for liabilities and other charges
Provisions for liabilities and other charges	16 Provisions for liabilities and other charges Movements in provisions for liabilities and other charges are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketplace ​ ​ ​ ​ ​ ​ and consignment ​ Provision for ​ In thousands of EUR Tax risks goods ​ other expenses Total Balance as of December 31, 2019 25,840 549 ​ 877 27,266 Additions 3,169 ​ 497 ​ 928 4,594 Reversals (170) ​ (219) ​ (178) (567) Use of provision — ​ — ​ — — Effect of translation (256) ​ (29) ​ (70) (355) Balance as of September 30, 2020 28,583 798 ​ 1,557 30,938 Current ​ 28,583 ​ 798 ​ 1,249 ​ 30,630 Non-current ​ — ​ — ​ 308 ​ 308 ​ Tax risks As of September 30, 2020, tax risk provision includes provisions related to VAT for EUR 10,398 thousand (December 31, 2019: 10,344), provisions related to Withholding Tax (WHT) for EUR 18,091 thousand (December 31, 2019: 15,399) and provisions related to other taxes for EUR 95 thousand (December 31, 2019: 97). Provision is calculated based on the detailed review of uncertain tax positions completed by management across the group and in consideration of the probability of a liability arising, within the applicable statute of limitations. Marketplace and consignment goods The provision for marketplace and consignment goods relates to the lost and damaged items, to be reimbursed to the vendors. Provision is calculated based on the detailed review of these items, and it is expected to be utilized during the next 12 months. Provision for other expenses Provision for other expenses comprise of litigations and provisions related to employees, vendors, customers and other parties. The provisions are calculated based on our best estimate considering past experience.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2020
Revenue
Revenue	17 Revenue Revenue is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ ​ September 30, ​ September 30, ​ In thousands of EUR 2020 2019 2020 2019 Sales of goods ​ 9,792 ​ 20,981 ​ 30,683 ​ 58,121 Commissions ​ 8,706 ​ 6,080 ​ 24,687 ​ 16,617 Fulfillment ​ 8,267 ​ 7,313 ​ 22,348 ​ 18,001 Value added services ​ 4,901 ​ 4,729 ​ 14,367 ​ 14,042 ​ Marketing and Advertising ​ 1,521 ​ 1,556 ​ 4,698 ​ 3,771 Other revenue ​ 485 ​ 258 ​ 1,080 ​ 580 Revenue ​ 33,672 ​ 40,916 ​ 97,863 ​ 111,132 ​ As previously disclosed in the annual consolidated financial statements, the Group had one operating and reportable For the nine months ended September 30, 2020, no customer amounted for more than 5% of Group revenues (September 30, 2019: nil). The Group’s geographical distribution of revenue was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended Revenue ​ September 30, ​ September 30, in thousands of EUR 2020 2019 2020 2019 West Africa (1) ​ 15,138 ​ 17,467 ​ 44,589 ​ 47,310 North Africa (2) ​ 11,398 ​ 13,887 ​ 34,092 ​ 40,214 East and South Africa (3) ​ 6,853 ​ 8,571 ​ 18,489 ​ 22,610 Europe ​ 177 ​ 991 ​ 579 ​ 998 United Arab Emirates ​ 106 ​ — ​ 114 ​ — Total ​ 33,672 ​ 40,916 ​ 97,863 ​ 111,132 ​ (1) West Africa covers Nigeria, Ivory Coast, Senegal, Cameroon and Ghana. (2) North Africa covers Egypt, Tunisia, Morocco and Algeria. (3) East and South Africa covers Kenya, Tanzania, Uganda, Rwanda and South Africa. ​ The variation registered in the Group’s revenue for the three and nine months ended on September 30, 2020 was mainly driven by our marketplace gaining more depth, which positioned us to undertake fewer sales on a first party basis.

Fulfillment expense

Fulfillment expense	9 Months Ended
	Sep. 30, 2020
Fulfillment expense
Fulfillment expense	18 Fulfillment expense Fulfillment expense is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR 2020 2019 2020 2019 Fulfillment staff costs ​ 4,109 ​ 5,234 ​ 12,977 ​ 14,957 Fulfillment centers expense ​ 731 ​ 1,168 ​ 2,564 ​ 3,366 Freight and shipping expense ​ 11,783 ​ 14,305 ​ 34,277 ​ 35,189 Fulfillment expense ​ 16,623 ​ 20,707 ​ 49,818 ​ 53,512 ​ For the three and nine months ended on September 30, 2020, the Group’s fulfillment expense has decreased primarily due to a number of operational enhancements across our logistics operations. These enhancements included a change in our volume pricing model from cost per package to cost per stop, improvements in our cross-border shipping matrix alongside staff costs savings in our fulfillment centers.

Sales and advertising expense

Sales and advertising expense	9 Months Ended
	Sep. 30, 2020
Sales and advertising expense
Sales and advertising expense	19 Sales and advertising expense Sales and advertising expense is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR ​ 2020 2019 2020 2019 Sales and advertising staff costs ​ 1,955 ​ 1,950 ​ 6,548 ​ 5,763 Sales and advertising campaigns ​ 4,235 ​ 11,825 ​ 15,736 ​ 34,766 Sales and advertising expense ​ 6,190 ​ 13,775 ​ 22,284 ​ 40,529 ​ The reduction registered in the Sales and advertising expense for the three and nine months ended on September 30, 2020, is primarily due to continued enhancements to our performance marketing strategy across search and social media channels, including through more granular segmentation of our target market with differentiated campaigns and content for each segment.

Technology and content expense

Technology and content expense	9 Months Ended
	Sep. 30, 2020
Technology and content expense
Technology and content expense	20 Technology and content expense Technology and content expense is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR 2020 2019 2020 2019 Staff Costs - Technology and content 3,197 ​ 3,157 ​ 10,018 ​ 9,562 Technology license and maintenance expenses 3,115 ​ 3,827 ​ 10,522 ​ 9,982 Technology and content expense 6,312 ​ 6,984 ​ 20,540 ​ 19,544 ​

General and administrative expe

General and administrative expense	9 Months Ended
	Sep. 30, 2020
General and administrative expense
General and administrative expense	21 General and administrative expense General and administrative expense is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR 2020 2019 2020 2019 Staff Costs 12,057 ​ 16,870 ​ 40,366 ​ 63,941 Occupancy Costs 409 ​ 406 ​ 1,062 ​ 1,219 Professional fees 2,546 ​ 4,559 ​ 9,027 ​ 9,035 Travel and entertainment 210 ​ 1,306 ​ 1,244 ​ 3,784 Office and related expenses 1,491 ​ 1,877 ​ 4,775 ​ 5,258 General sub-contracts 76 ​ 1,261 ​ 1,267 ​ 3,174 Bank fees & payment costs 437 ​ 327 ​ 1,249 ​ 2,009 Bad debt expense / reversal 508 ​ 586 ​ 3,761 ​ 2,635 Tax expenses 1,737 ​ 1,344 ​ 5,485 ​ 4,409 Tax provisions 946 ​ 1,703 ​ 3,169 ​ 3,009 Provisions for liabilities and other charges ​ 107 ​ (210) ​ 558 ​ 29 Depreciation and amortization 1,878 ​ 2,095 ​ 6,106 ​ 5,568 Other general and administrative expense 322 ​ 536 ​ 6,117 ​ 1,255 General and administrative expense 22,724 ​ 32,660 ​ 84,186 ​ 105,325 ​ For the nine months ended September 30, 2020, staff costs expense includes share options granted to eligible employees of EUR 11,998 thousand (September 30, 2019: 31,934). For the nine months ended September 30, 2020 Other general and administrative expense includes EUR 4,265 thousand for the class action settlement described in Note 14, and EUR 2,021 thousand (September 30, 2019: 1,091) for insurance premiums. ​

Income tax

Income tax	9 Months Ended
	Sep. 30, 2020
Income tax
Income tax	22 Income tax Income tax expense is comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR 2020 2019 2020 2019 Current tax 793 ​ (208) ​ 1,387 ​ 53 Total Income tax (benefit) / expense 793 ​ (208) ​ 1,387 ​ 53 ​ In Nigeria, the Finance law of 2019 came into effect resulting, for the nine months ended September 30, 2020, in a minimum income tax expense of EUR 285 thousand (September 30, 2019: nil). Income tax payables comprise the following: ​ ​ ​ ​ ​ ​ ​ ​ As of ​ As of ​ ​ September 30, 2020 ​ December 31, 2019 Income Tax Payables ​ 355 ​ 400 Provision for Income Tax ​ 9,890 ​ 9,656 Total ​ 10,245 ​ 10,056 ​

Earnings per share

Earnings per share	9 Months Ended
	Sep. 30, 2020
Earnings per share [abstract]
Earnings per share	23 Earnings The following table reflects the loss and share data used in the basic and diluted EPS calculations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR ​ 2020 2019 2020 2019 Numerator ​ ​ ​ ​ ​ ​ ​ ​ Loss for the period ​ (32,386) ​ (49,910) ​ (114,027) ​ (163,474) Less: net loss attributable to non-controlling interest ​ (63) ​ (93) ​ (182) ​ (246) Loss attributable to Equity of the Company ​ (32,323) ​ (49,817) ​ (113,845) ​ (163,228) Denominator ​ ​ ​ ​ ​ ​ ​ ​ Weighted average number of shares for basic and diluted EPS ​ 161,038,010 ​ 156,816,494 ​ 158,281,076 ​ 135,209,568 ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share - basic and diluted ​ (0.20) ​ (0.32) ​ (0.72) ​ (1.21) ​ The weighted average of potential shares for the year to date that would arise from securities that were not included in the diluted earnings per share calculation, as they would be anti-dilutive, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Share Options ​ 7,921,745 ​ 8,824,566 ​ 5,433,252 ​ 7,834,683 ​ In August 2020, 54,724 stock options were exercised, which will increase the share capital of the Company by 54,724 shares. The capital increase is conducted in October 2020. Additionally, 236,658 shares are issued in October 2020 to settle beneficiaries of legacy participation programs of the Company. There have been no other transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of authorization of these financial statements.

Transactions and balances with

Transactions and balances with related parties	9 Months Ended
	Sep. 30, 2020
Transactions and balances with related parties
Transactions and balances with related parties	24 Transactions and balances with related parties Transactions with MTN Our shareholder Mobile Telephone Networks Holdings (Pty) Ltd sold a significant number of shares in Jumia, during the third quarter of 2020, and no longer qualifies as a related party, as of September 30, 2020. The Group engages in several initiatives with affiliates of MTN. For example, consumers may pay for transactions on Jumia’s platform with MTN’s mobile money. The Group has also set up dedicated MTN branded online stores on our platform. For the nine months ended September 30, 2020, the expenses incurred with MTN amounted to EUR 220 thousand (September 30, 2019: 438). For the three months ended September 30, 2020, the expenses incurred with MTN amounted to EUR 84 thousand (September 30, 2019: 159). In 2020, the Group also entered into an agreement in which MTN prepaid for corporate and gift purchases in Jumia’s platform through vouchers, which amounted for the nine months ended September 30, 2020 to EUR 961 thousand (for the three months ended September 30, 2020: 221), from which EUR 864 thousand have been converted into revenue during the period. In 2019, MTN prepaid for their employees purchases in Jumia’s platform through the wallet top-ups which amounted for the nine months ended September 30, 2019 to EUR 524 thousand (for the three months ended September 30, 2019: 35), which have all been converted into revenue during the period. Transactions with Key management Key management includes the senior executives. The compensation paid or payable to key management for employee services is shown below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended In thousands of EUR September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Short-term employee benefits ​ 714 ​ 4,576 2,447 ​ 6,035 Other benefits ​ 7 ​ (25) ​ 15 ​ 24 Share-based compensation ​ 1,222 ​ 2,113 ​ 4,316 ​ 9,305 Total ​ 1,943 ​ 6,664 6,778 ​ 15,364 ​

Fair Values of Financial Instru

Fair Values of Financial Instruments	9 Months Ended
	Sep. 30, 2020
Disclosure of detailed information about financial instruments [abstract]
Fair Values of Financial Instruments	25 Fair Values of Financial Instruments Management considers that the carrying amounts of financial assets and financial liabilities in the financial statements approximate their fair values. As of September 30, 2020 and December 31, 2019, the Group does not own assets and liabilities measured at fair value through profit or loss or assets at fair value through comprehensive income in accordance with IFRS 9. ​

Financial risk management objec

Financial risk management objectives and policies	9 Months Ended
	Sep. 30, 2020
Financial risk management objectives and policies
Financial risk management objectives and policies	26 Financial risk management Market risk Foreign currency risk Intercompany loans bear the majority of the Group’s foreign currency risk as they are issued and are repayable in Euro or US dollars. Fluctuation of various exchange rates in Africa and the resulting related foreign exchange gains or losses are recognized in other comprehensive income. Credit risk Trade receivables As of September 30, 2020, the Group has as an allowance for uncollectible receivables of EUR 7,506 thousand (December 31, 2019: 8,283) as set out in the Note 9. Additionally, the Group has as an allowance for uncollectible other receivables of EUR 682 thousand (December 31, 2019: 503). The ECL provision for uncollectible receivables represents 57% (December 31, 2019: 47%) of the total trade and other receivables. Cash deposits As of September 30, 2020, the impact of measuring ECL for cash and cash equivalents remains immaterial in the consolidated financial statements. The majority of the Group’s cash deposit balances are maintained in Germany. German bank accounts are secured via the deposit protection fund, which secures all bank deposits up to 20% of the liable equity of the bank. Liquidity risk As all funds come exclusively from the shareholders and there are no external borrowings, the Group mitigates the risk of interest. Based on the cash flow forecast for 2021, the Group has sufficient liquidity as of September 30, 2020 for the next twelve months.

Commitments and contingencies

Commitments and contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and contingencies
Commitments and contingencies	27 Commitments and contingencies Tax contingencies The Group has contingent liabilities related to potential tax claims arising in the ordinary course of business. As of September 30, 2020, there are ongoing tax audits in various countries. Some of these tax enquiries have resulted in re-assessments, whilst others are still at an early stage and no re-assessment has yet been raised. Management is required to make estimates and judgments about the ultimate outcome of these investigations or litigations in determining legal provisions. Final claims or court rulings may differ from management estimates. As of September 30, 2020, the Group has accrued for net tax provisions (excluding Uncertainty over Income Tax reported within Income Tax payables in accordance with IFRC 23 interpretation) in the amount of EUR 28,583 thousand (2019: 25,840) as a result of the assessment of potential exposures due to uncertain non income tax positions as well as pending and resolved matters with the relevant tax authorities (Note 16). In addition to the above tax risks, in common with other international groups, the conflict between the Group’s international operating model, the jurisdictional approach of tax authorities and some domestic tax requirements in relation to withholding tax and VAT compliance and recoverability rules, could lead to a further EUR 8,925 thousand in additional uncertainty on tax positions. The likelihood of future economic outflows with regard to these potential tax claims is however considered as only possible, but not probable. Accordingly, no provision for a liability has been made in these consolidated financial statements. The Group may also be subject to other tax claims for which the risk of future economic outflows is currently evaluated to be remote Legal Proceedings with shareholders Since May 2019, several putative class action lawsuits have been filed against the company, certain of its management and supervisory board members, the underwriters of its IPO, and its U.S. representative in the U.S. District Court for the Southern District of New York and the New York County Supreme Court. The cases assert claims under federal securities laws based on alleged misstatements and omissions in connection with, and following, the company’s initial public offering. On August 11, 2020, the parties reached an agreement to fully resolve all of the actions, subject to court approval. Under the agreement, in which the defendants do not admit any liability or wrongdoing, the company will make a settlement payment of $5 million, $1 million of which will be funded by insurance coverage. On October 9, 2020, the plaintiffs moved for preliminary court approval of the proposed settlements.

Subsequent events

Subsequent events	9 Months Ended
	Sep. 30, 2020
Subsequent events
Subsequent events	28 Subsequent events Management has not identified events occurred after September 30, 2020, for which, due to their materiality, additional disclosure in the Notes to the unaudited interim condensed financial statements is required.

Property and equipment (Tables)

Property and equipment (Tables)	9 Months Ended
	Sep. 30, 2020
Property and Equipment
Schedule of movements in the carrying amount of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Transportation ​ ​ ​ ​ ​ ​ ​ ​ ​ equipment, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ office ​ ​ ​ ​ ​ ​ ​ ​ Technical ​ equipment ​ Right of use ​ ​ ​ ​ ​ ​ equipment and ​ and other ​ assets - Office ​ ​ In thousands of EUR Buildings machinery equipment ​ and Warehouse Total Cost ​ ​ Balance as of December 31, 2019 2,626 2,412 11,949 ​ 14,060 31,047 Additions 241 ​ 195 ​ 912 ​ 4,081 ​ 5,429 Disposals (15) ​ (17) ​ (74) ​ — ​ (106) Reclassification ​ 72 ​ (95) ​ 23 ​ — ​ — Effect of translation (204) ​ (136) ​ (788) ​ (1,132) ​ (2,260) Balance as of September 30, 2020 2,720 2,359 12,022 ​ 17,009 34,110 Accumulated depreciation ​ ​ Balance as of December 31, 2019 (1,329) (1,108) (6,887) ​ (4,289) (13,613) Depreciation charge (482) ​ (376) ​ (1,849) ​ (3,399) ​ (6,106) Accumulated depreciation on disposals 15 ​ 17 ​ 74 ​ — ​ 106 Effect of translation 105 ​ 85 ​ 507 ​ 315 ​ 1,012 Balance as of September 30, 2020 (1,691) (1,382) (8,155) ​ (7,373) (18,601) Carrying amount as of December 31, 2019 1,297 ​ 1,304 ​ 5,062 ​ 9,771 17,434 Carrying amount as of September 30, 2020 1,029 ​ 977 ​ 3,867 ​ 9,636 15,509

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventories
Schedule of Inventory Components	​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR September 30, 2020 December 31, 2019 Merchandise available for sale 9,103 11,176 Less: Provision for slow moving and obsolete inventories (1,415) (1,180) Total Inventories 7,688 9,996

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	9 Months Ended
	Sep. 30, 2020
Cash and cash equivalents [abstract]
Schedule of cash and cash equivalents	​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR ​ September 30, 2020 December 31, 2019 Cash at bank and in hand ​ 147,149 ​ 52,729 Short-term deposits ​ — ​ 117,292 Total Cash and cash equivalents ​ 147,149 ​ 170,021

Term Deposits (Tables)

Term Deposits (Tables)	9 Months Ended
	Sep. 30, 2020
Deposit Asset [Abstract]
Schedule of term deposits	​ ​ ​ ​ ​ ​ ​ ​ As of ​ ​ September 30, 2020 December 31, 2019 Short term deposits - banks ​ 653 ​ 62,418 Short term deposits - others ​ 386 ​ — Term Deposits ​ 1,039 ​ 62,418

Trade and other receivables (Ta

Trade and other receivables (Tables)	9 Months Ended
	Sep. 30, 2020
Trade and other receivables
Schedule of trade and other receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR Note September 30, 2020 December 31, 2019 Advances to suppliers 1,096 2,356 Trade notes and accounts receivable 13,133 17,780 Less: Allowance for impairment of trade notes and accounts receivable (7,506) (8,283) Unbilled revenues 1,164 858 Other receivables 2,865 4,728 Less: Allowance for impairment of other receivables (682) (503) Trade and other receivables 10,070 16,936
Schedule of movement of allowance for expected credit losses of trade notes and accounts receivables and other receivables	​ ​ ​ ​ ​ ​ ​ ECL of trade notes ​ ​ ​ and accounts ​ ECL of other In thousands of EUR receivable receivables Balance as of December 31, 2019 8,283 503 Additions 3,589 ​ 268 Reversal (279) ​ (40) Use of provision (3,515) ​ — Effect of translation (572) ​ (49) Balance as of September 30, 2020 7,506 682
Schedule of ageing analysis of trade notes and accounts receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past due but not impaired ​ ​ ​ Total Neither past ​ ​ ​ ​ ​ ​ ​ Total ​ expected ​ due nor ​ < 30 ​ 30 - 90 ​ >90 In thousands of EUR Total net gross credit losses impaired days days days As of September 30, 2020 5,627 13,133 (7,506) 795 ​ 2,789 ​ 722 ​ 1,321 As of December 31, 2019 9,497 17,780 (8,283) 3,291 1,554 2,515 2,137

Share capital and share premi_2

Share capital and share premium (Tables)	9 Months Ended
	Sep. 30, 2020
Share capital and share premium
Schedule of share capital structure	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of shares Class Par value (EUR) Share capital (in thousands of EUR) Share premium (in thousands of EUR) ​ Total 162,161,928 Ordinary 1 162,162 ​ 1,018,276 ​ 1,180,438 Total ​ 1 162,162 ​ 1,018,276 ​ 1,180,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of shares Class Par value (EUR) Share capital (in thousands of EUR) Share premium (in thousands of EUR) ​ Total 156,816,494 Ordinary 1 156,816 ​ 1,018,276 ​ 1,175,092 Total ​ 1 156,816 ​ 1,018,276 ​ 1,175,092

Other Reserves (Tables)

Other Reserves (Tables)	9 Months Ended
	Sep. 30, 2020
Other reserves [abstract]
Schedule of other reserves	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange ​ ​ ​ ​ ​ ​ ​ ​ difference on ​ ​ ​ ​ ​ ​ ​ ​ net investment ​ Currency ​ Total ​ ​ Capital ​ in foreign ​ translation ​ other In thousands of EUR reserves ​ operations adjustment reserves As of December 31, 2019 113,395 ​ (69,464) 60,183 104,114 Other comprehensive loss ​ ​ (49,041) ​ 47,936 (1,105) Total comprehensive loss for the period — ​ (49,041) 47,936 (1,105) Share-based payments (Note 13) 10,542 ​ ​ ​ ​ 10,542 Exercise of options (Note 11) ​ (4,775) ​ ​ ​ ​ ​ (4,775) Change in Non-controlling interests ​ ​ ​ ​ ​ ​ — As of September 30, 2020 119,162 ​ (118,505) 108,119 108,776

Share-based compensation (Table

Share-based compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Summary of option valuation models	​ ​ ​ ​ ​ ​ SOP 2020 Fair value per ADS (1) USD 6.48 ​ Exercise price per ADS USD 3.67 ​ Risk-free interest rate (2) 0.26 % Expected dividend yield (3) 0 % Expected life (years) (4) 4 years ​ Expected volatility (5) 50 % Weighted average of Fair value of Options ​ EUR 1.26 ​

Trade and other payables (Table

Trade and other payables (Tables)	9 Months Ended
	Sep. 30, 2020
Trade and other payables
Trade and other payables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR Note September 30, 2020 December 31, 2019 Trade payables 16,924 15,762 Invoices not yet received ​ 19,509 19,292 Accrued employee benefit costs ​ 8,159 7,943 Sundry accruals ​ 7,813 13,441 Trade and Other Payables 52,405 56,438

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2020
Borrowings.
Schedule of lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ As of In thousands of EUR ​ September 30, 2020 ​ December 31, 2019 Current ​ 2,573 ​ 3,056 Non-current ​ 6,786 ​ 6,127 Total Lease liabilities ​ 9,359 ​ 9,183
Schedule of Future minimum lease payments under non-cancellable operating leases	​ ​ ​ ​ ​ ​ ​ ​ In thousands of EUR ​ One to five years ​ More than five years ​ Total Lease liability future payments ​ 6,501 ​ 285 ​ 6,786
Schedule of changes in liabilities arising from financing activities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ In thousands of EUR December 31, 2019 Additions Payments Reclassification Effect of translation September 30, 2020 Current lease liabilities ​ 3,056 ​ 2,453 ​ (4,031) ​ 1,256 ​ (161) ​ 2,573 Non-current lease liabilities ​ 6,127 ​ 2,584 ​ ​ ​ (1,256) ​ (669) ​ 6,786 Total liabilities from financing activities ​ 9,183 ​ 5,037 ​ (4,031) ​ — ​ (830) ​ 9,359

Provision for liabilities and o

Provision for liabilities and other charges (Tables)	9 Months Ended
	Sep. 30, 2020
Provisions for liabilities and other charges
Schedule of Movements in provisions for liabilities and other charges	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Marketplace ​ ​ ​ ​ ​ ​ and consignment ​ Provision for ​ In thousands of EUR Tax risks goods ​ other expenses Total Balance as of December 31, 2019 25,840 549 ​ 877 27,266 Additions 3,169 ​ 497 ​ 928 4,594 Reversals (170) ​ (219) ​ (178) (567) Use of provision — ​ — ​ — — Effect of translation (256) ​ (29) ​ (70) (355) Balance as of September 30, 2020 28,583 798 ​ 1,557 30,938 Current ​ 28,583 ​ 798 ​ 1,249 ​ 30,630 Non-current ​ — ​ — ​ 308 ​ 308

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue
Summary of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ ​ September 30, ​ September 30, ​ In thousands of EUR 2020 2019 2020 2019 Sales of goods ​ 9,792 ​ 20,981 ​ 30,683 ​ 58,121 Commissions ​ 8,706 ​ 6,080 ​ 24,687 ​ 16,617 Fulfillment ​ 8,267 ​ 7,313 ​ 22,348 ​ 18,001 Value added services ​ 4,901 ​ 4,729 ​ 14,367 ​ 14,042 ​ Marketing and Advertising ​ 1,521 ​ 1,556 ​ 4,698 ​ 3,771 Other revenue ​ 485 ​ 258 ​ 1,080 ​ 580 Revenue ​ 33,672 ​ 40,916 ​ 97,863 ​ 111,132
Disclosure of geographical areas [text block]	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended Revenue ​ September 30, ​ September 30, in thousands of EUR 2020 2019 2020 2019 West Africa (1) ​ 15,138 ​ 17,467 ​ 44,589 ​ 47,310 North Africa (2) ​ 11,398 ​ 13,887 ​ 34,092 ​ 40,214 East and South Africa (3) ​ 6,853 ​ 8,571 ​ 18,489 ​ 22,610 Europe ​ 177 ​ 991 ​ 579 ​ 998 United Arab Emirates ​ 106 ​ — ​ 114 ​ — Total ​ 33,672 ​ 40,916 ​ 97,863 ​ 111,132 ​ (1) West Africa covers Nigeria, Ivory Coast, Senegal, Cameroon and Ghana. (2) North Africa covers Egypt, Tunisia, Morocco and Algeria. (3) East and South Africa covers Kenya, Tanzania, Uganda, Rwanda and South Africa.

Fulfillment expense (Tables)

Fulfillment expense (Tables)	9 Months Ended
	Sep. 30, 2020
Fulfillment expense
Schedule of fulfillment expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR 2020 2019 2020 2019 Fulfillment staff costs ​ 4,109 ​ 5,234 ​ 12,977 ​ 14,957 Fulfillment centers expense ​ 731 ​ 1,168 ​ 2,564 ​ 3,366 Freight and shipping expense ​ 11,783 ​ 14,305 ​ 34,277 ​ 35,189 Fulfillment expense ​ 16,623 ​ 20,707 ​ 49,818 ​ 53,512

Sales and advertising expense (

Sales and advertising expense (Tables)	9 Months Ended
	Sep. 30, 2020
Sales and advertising expense
Schedule of sales and advertisement expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR ​ 2020 2019 2020 2019 Sales and advertising staff costs ​ 1,955 ​ 1,950 ​ 6,548 ​ 5,763 Sales and advertising campaigns ​ 4,235 ​ 11,825 ​ 15,736 ​ 34,766 Sales and advertising expense ​ 6,190 ​ 13,775 ​ 22,284 ​ 40,529

Technology and content expense

Technology and content expense (Tables)	9 Months Ended
	Sep. 30, 2020
Technology and content expense
Schedule of Technology and content expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR 2020 2019 2020 2019 Staff Costs - Technology and content 3,197 ​ 3,157 ​ 10,018 ​ 9,562 Technology license and maintenance expenses 3,115 ​ 3,827 ​ 10,522 ​ 9,982 Technology and content expense 6,312 ​ 6,984 ​ 20,540 ​ 19,544

General and administrative ex_2

General and administrative expense (Tables)	9 Months Ended
	Sep. 30, 2020
General and administrative expense
Schedule of General and administrative expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR 2020 2019 2020 2019 Staff Costs 12,057 ​ 16,870 ​ 40,366 ​ 63,941 Occupancy Costs 409 ​ 406 ​ 1,062 ​ 1,219 Professional fees 2,546 ​ 4,559 ​ 9,027 ​ 9,035 Travel and entertainment 210 ​ 1,306 ​ 1,244 ​ 3,784 Office and related expenses 1,491 ​ 1,877 ​ 4,775 ​ 5,258 General sub-contracts 76 ​ 1,261 ​ 1,267 ​ 3,174 Bank fees & payment costs 437 ​ 327 ​ 1,249 ​ 2,009 Bad debt expense / reversal 508 ​ 586 ​ 3,761 ​ 2,635 Tax expenses 1,737 ​ 1,344 ​ 5,485 ​ 4,409 Tax provisions 946 ​ 1,703 ​ 3,169 ​ 3,009 Provisions for liabilities and other charges ​ 107 ​ (210) ​ 558 ​ 29 Depreciation and amortization 1,878 ​ 2,095 ​ 6,106 ​ 5,568 Other general and administrative expense 322 ​ 536 ​ 6,117 ​ 1,255 General and administrative expense 22,724 ​ 32,660 ​ 84,186 ​ 105,325

Income tax (Tables)

Income tax (Tables)	9 Months Ended
	Sep. 30, 2020
Income tax
Schedule of components of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR 2020 2019 2020 2019 Current tax 793 ​ (208) ​ 1,387 ​ 53 Total Income tax (benefit) / expense 793 ​ (208) ​ 1,387 ​ 53
Schedule of income tax payables	​ ​ ​ ​ ​ ​ ​ ​ As of ​ As of ​ ​ September 30, 2020 ​ December 31, 2019 Income Tax Payables ​ 355 ​ 400 Provision for Income Tax ​ 9,890 ​ 9,656 Total ​ 10,245 ​ 10,056

Earnings per share (Tables)

Earnings per share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings per share [abstract]
Schedule of income and share data used in the EPS calculations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, In thousands of EUR ​ 2020 2019 2020 2019 Numerator ​ ​ ​ ​ ​ ​ ​ ​ Loss for the period ​ (32,386) ​ (49,910) ​ (114,027) ​ (163,474) Less: net loss attributable to non-controlling interest ​ (63) ​ (93) ​ (182) ​ (246) Loss attributable to Equity of the Company ​ (32,323) ​ (49,817) ​ (113,845) ​ (163,228) Denominator ​ ​ ​ ​ ​ ​ ​ ​ Weighted average number of shares for basic and diluted EPS ​ 161,038,010 ​ 156,816,494 ​ 158,281,076 ​ 135,209,568 ​ ​ ​ ​ ​ ​ ​ ​ ​ Loss per share - basic and diluted ​ (0.20) ​ (0.32) ​ (0.72) ​ (1.21)
Schedule of potential dilutive securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Share Options ​ 7,921,745 ​ 8,824,566 ​ 5,433,252 ​ 7,834,683

Transactions and balances wit_2

Transactions and balances with related parties (Tables)	9 Months Ended
	Sep. 30, 2020
Transactions and balances with related parties
Schedule of outstanding balances with related parties and income and expense amounts with related parties	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended ​ For the nine months ended In thousands of EUR September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 Short-term employee benefits ​ 714 ​ 4,576 2,447 ​ 6,035 Other benefits ​ 7 ​ (25) ​ 15 ​ 24 Share-based compensation ​ 1,222 ​ 2,113 ​ 4,316 ​ 9,305 Total ​ 1,943 ​ 6,664 6,778 ​ 15,364

Corporate information (Details)

Corporate information (Details)	1 Months Ended
	Apr. 30, 2019$ / shares
Percent of total shares listed	19.80%
Initial value per share	$ 14.50

Significant changes in the cu_2

Significant changes in the current reporting period (Details) € in Thousands, $ in Thousands	Aug. 11, 2020USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2020EUR (€)
Disclosure of detailed information about financial instruments [line items]
Settlement loss | €			€ 4,265
Amount expected to be funded by insurance | $	$ 1,000
Legal proceedings provision [member]
Disclosure of detailed information about financial instruments [line items]
Settlement amount, before insurance	$ 5,000	$ 5,000	4,265
Settlement loss | €			€ 4,500
Amount expected to be funded by insurance | $		$ 1,000

Property and equipment (Details

Property and equipment (Details) € in Thousands	9 Months Ended
	Sep. 30, 2020EUR (€)
Disclosure of detailed information about property, plant and equipment [line items]
Balance	€ 17,434
Balance	15,509
Cost
Disclosure of detailed information about property, plant and equipment [line items]
Balance	31,047
Additions	5,429
Disposals	(106)
Effect of translation	(2,260)
Balance	34,110
Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Balance	(13,613)
Disposals	106
Depreciation, property, plant and equipment	(6,106)
Effect of translation	1,012
Balance	(18,601)
Buildings
Disclosure of detailed information about property, plant and equipment [line items]
Balance	1,297
Balance	1,029
Buildings | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Balance	2,626
Additions	241
Disposals	(15)
Reclassification	72
Effect of translation	(204)
Balance	2,720
Buildings | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Balance	(1,329)
Disposals	15
Depreciation, property, plant and equipment	(482)
Effect of translation	105
Balance	(1,691)
Technical equipment and machinery
Disclosure of detailed information about property, plant and equipment [line items]
Balance	1,304
Balance	977
Technical equipment and machinery | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Balance	2,412
Additions	195
Disposals	(17)
Reclassification	(95)
Effect of translation	(136)
Balance	2,359
Technical equipment and machinery | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Balance	(1,108)
Disposals	17
Depreciation, property, plant and equipment	(376)
Effect of translation	85
Balance	(1,382)
Transportation equipment, office equipment and other equipment
Disclosure of detailed information about property, plant and equipment [line items]
Balance	5,062
Balance	3,867
Transportation equipment, office equipment and other equipment | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Balance	11,949
Additions	912
Disposals	(74)
Reclassification	23
Effect of translation	(788)
Balance	12,022
Transportation equipment, office equipment and other equipment | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Balance	(6,887)
Disposals	74
Depreciation, property, plant and equipment	(1,849)
Effect of translation	507
Balance	(8,155)
Right-of-use assets - Office and Warehouse
Disclosure of detailed information about property, plant and equipment [line items]
Balance	9,771
Balance	9,636
Right-of-use assets - Office and Warehouse | Cost
Disclosure of detailed information about property, plant and equipment [line items]
Balance	14,060
Additions	4,081
Effect of translation	(1,132)
Balance	17,009
Right-of-use assets - Office and Warehouse | Accumulated depreciation
Disclosure of detailed information about property, plant and equipment [line items]
Balance	(4,289)
Depreciation, property, plant and equipment	(3,399)
Effect of translation	315
Balance	€ (7,373)

Inventories - Components (Detai

Inventories - Components (Details) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Disclosure Of Inventory [Line Items]
Inventories	€ 7,688		€ 7,688		€ 9,996
Cost of inventories recognised as expense during period	10,425	€ 21,937	32,952	€ 60,066
Impairment losses on obsolete inventories	208	€ 374	600	€ 727
Cost
Disclosure Of Inventory [Line Items]
Inventories	9,103		9,103		11,176
Accumulated impairment
Disclosure Of Inventory [Line Items]
Inventories	€ (1,415)		€ (1,415)		€ (1,180)

Cash and cash equivalents (Deta

Cash and cash equivalents (Details) - EUR (€) € in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Disclosure of financial assets [line items]
Cash	€ 147,149		€ 52,729
Short-term deposits			117,292
Total cash and cash equivalents	147,149	€ 174,326	170,021	€ 227,073	€ 271,396	€ 100,635
Expected credit loss, cash and cash equivalents	€ 223		€ 0

Term Deposits (Details)

Term Deposits (Details) - EUR (€) € in Thousands	Sep. 30, 2020	Dec. 31, 2019
Disclosure of financial assets [line items]
Short-term deposits in banks	€ 653	€ 62,418
Short-term deposits - others	386	0
Term deposits	€ 1,039	€ 62,418

Trade and other receivables - C

Trade and other receivables - Components (Details) - EUR (€) € in Thousands	Sep. 30, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Advances to suppliers	€ 1,096	€ 2,356
Unbilled revenues	1,164	858
Trade and other receivables	10,070	16,936
Trade notes and accounts receivable
Disclosure of detailed information about financial instruments [line items]
Financial assets	5,627	9,497
Trade notes and accounts receivable | Cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	13,133	17,780
Trade notes and accounts receivable | Accumulated impairment
Disclosure of detailed information about financial instruments [line items]
Financial assets	(7,506)	(8,283)
Other receivables | Cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	2,865	4,728
Other receivables | Accumulated impairment
Disclosure of detailed information about financial instruments [line items]
Financial assets	€ (682)	€ (503)

Trade and other receivables - E

Trade and other receivables - ECL (Details) € in Thousands	9 Months Ended
	Sep. 30, 2020EUR (€)
Trade notes and accounts receivable
Trade and other receivables
Financial assets at beginning of period	€ 9,497
Financial assets at end of period	5,627
Trade notes and accounts receivable | Accumulated impairment
Trade and other receivables
Financial assets at beginning of period	(8,283)
Additions	(3,589)
Reversal	279
Use of provision	(3,515)
Effect of translation	572
Financial assets at end of period	(7,506)
Other receivables | Accumulated impairment
Trade and other receivables
Financial assets at beginning of period	(503)
Additions	(268)
Reversal	40
Effect of translation	49
Financial assets at end of period	€ (682)

Trade and other receivables - A

Trade and other receivables - Ageing (Details) - EUR (€) € in Thousands	Sep. 30, 2020	Dec. 31, 2019
Disclosure of financial assets that are either past due or impaired [line items]
Expected loss rate (%)	57.00%	47.00%
Trade notes and accounts receivable
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	€ 5,627	€ 9,497
Trade notes and accounts receivable | Neither past due nor impaired
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	795	3,291
Trade notes and accounts receivable | Past due but not impaired | Less than 30 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	2,789	1,554
Trade notes and accounts receivable | Past due but not impaired | 30 - 90 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	722	2,515
Trade notes and accounts receivable | Past due but not impaired | Greater than 90 days
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	1,321	2,137
Trade notes and accounts receivable | Cost
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	13,133	17,780
Trade notes and accounts receivable | Accumulated impairment
Disclosure of financial assets that are either past due or impaired [line items]
Financial assets	€ (7,506)	€ (8,283)

Prepaid expenses (Details)

Prepaid expenses (Details) - EUR (€) € in Thousands	Sep. 30, 2020	Dec. 31, 2019
Prepaid expense and other current assets
Prepaid hosting fees and software licenses	€ 2,353	€ 7,788
Prepaid insurance	1,814	843
Advance payments to the Group's partners for online payment services	734	2,168
Prepaid short-term leases and other goods and services	€ 1,094	€ 1,794

Share capital and share premi_3

Share capital and share premium (Details) € / shares in Units, € in Thousands	1 Months Ended	9 Months Ended
	Aug. 31, 2020item	Sep. 30, 2020EUR (€)item€ / sharesshares	Sep. 30, 2019EUR (€)	Dec. 31, 2019EUR (€)€ / sharesshares
Disclosure of classes of share capital [line items]
Par value per share | € / shares		€ 1		€ 1
Share capital		€ 162,162		€ 156,816
Share premium		1,018,276		1,018,276
Total share capital and share premium		€ 1,180,438		€ 1,175,092
Number of instruments granted in share-based payment arrangement | item		5,345,434
Settlement of share-based claims			€ (329,172)
Exercise of options		€ (571)
Stock options exercised | item	54,724	4,759,452
Exercise price | € / shares		€ 0.12
Shares issued, transaction costs		€ 201
Ordinary shares [member]
Disclosure of classes of share capital [line items]
Ordinary shares issued | shares		162,161,928		156,816,494
Par value per share | € / shares		€ 1		€ 1
Share capital		€ 162,162		€ 156,816
Share premium		1,018,276		1,018,276
Total share capital and share premium		€ 1,180,438		€ 1,175,092
Number of votes per share | item		1
Equity attributable to the Equity holders of the Company
Disclosure of classes of share capital [line items]
Settlement of share-based claims			€ (329,172)
Exercise of options		€ (571)
Total other reserves
Disclosure of classes of share capital [line items]
Exercise of options		€ 4,775

Other Reserves (Details)

Other Reserves (Details) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disclosure of reserves within equity [line items]
Other reserves at beginning of period			€ 104,114
Other comprehensive income	€ (468)	€ 753	(1,105)	€ 1,031
Comprehensive income	(32,854)	€ (49,157)	(115,132)	(162,443)
Share-based payments (Note 13)			10,542	31,934
Exercise of options (Note 11)			571
Change in Non-controlling interests			3	(29)
Other reserves at end of period	108,776		108,776
Total other reserves
Disclosure of reserves within equity [line items]
Other reserves at beginning of period			104,114
Other comprehensive income			(1,105)	1,032
Comprehensive income			(1,105)	1,032
Share-based payments (Note 13)			10,542	31,934
Exercise of options (Note 11)			(4,775)
Change in Non-controlling interests				€ 24
Other reserves at end of period	108,776		108,776
Capital reserves
Disclosure of reserves within equity [line items]
Other reserves at beginning of period			113,395
Share-based payments (Note 13)			10,542
Exercise of options (Note 11)			(4,775)
Other reserves at end of period	119,162		119,162
Exchange difference on net investment in foreign operations
Disclosure of reserves within equity [line items]
Other reserves at beginning of period			(69,464)
Other comprehensive income			(49,041)
Comprehensive income			(49,041)
Other reserves at end of period	(118,505)		(118,505)
Currency translation adjustment
Disclosure of reserves within equity [line items]
Other reserves at beginning of period			60,183
Other comprehensive income			47,936
Comprehensive income			47,936
Other reserves at end of period	€ 108,119		€ 108,119

Share based compensation - Opti

Share based compensation - Options Narrative (Details) € / shares in Units, € in Thousands	May 15, 2020itemshares	Sep. 30, 2020EUR (€)€ / shares	Sep. 30, 2020EUR (€)€ / sharesshares	Dec. 31, 2019€ / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of shares per option | shares	1		1
Number of ADS per option | shares			0.5
Options waiting period	4 years		4 years
Options exercise period			2 years
Minimum growth to exercise options (as a percent)	10.00%
Number of quarters for vesting of some options | item	2
Number of trading days			60 days
Number of tranches | item	2
1st tranche, percentage vesting	66.70%
2nd tranche, percentage vesting	33.30%
Period of vesting of first tranche	2 years
Period of vesting of second tranche	3 years
Option forfeiture period	6 months
Par value per share | € / shares		€ 1	€ 1	€ 1
Options
Disclosure of terms and conditions of share-based payment arrangement [line items]
Total share-based payment expense recognized | €		€ 534	€ 637

Share based compensation - Op_2

Share based compensation - Option valuation (Details)	May 15, 2020shares	Sep. 30, 2020EUR (€)	Sep. 30, 2020EUR (€)$ / shares	Sep. 30, 2020EUR (€)shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expected dividend yield				0.00%
Options waiting period	4 years			4 years
Number of shares per option | shares	1			1
Number of ADS per option | shares				0.5
Options
Disclosure of terms and conditions of share-based payment arrangement [line items]
Risk-free interest rate				0.26%
Expected dividend yield				0.00%
Expected volatility				50.00%
Granted, fair value | €		€ 1.26	€ 1.26	€ 1.26
Total share-based payment expense recognized | €		€ 534,000		€ 637,000
American Depository Shares [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value of share | $ / shares			€ 6.48
Exercise price | $ / shares			€ 3.67

Share-based compensation - RSUs

Share-based compensation - RSUs Narrative (Details) - shares	May 15, 2020	Sep. 30, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of trading days		60 days
Number of shares per option	1	1
Restricted Stock Units [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of trading days		12 days
Number of shares per option		1
Vesting period		1 year

Share-based compensation - RS_2

Share-based compensation - RSUs valuation (Details) - EUR (€)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Cash-settled Restricted Stock Units [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value, RSUs	€ 3.20		€ 3.20
Expense from share-based payment transactions with employees	979,000		1,286,000
Equity-settled Restricted Stock Units [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions with employees	532,000		682,000
Other Existing Awards [Member]
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions with employees	€ 1,373,000	€ 7,100,000	€ 9,392,000	€ 31,934,000

Trade and other payables (Detai

Trade and other payables (Details) € in Thousands, $ in Thousands	Aug. 11, 2020USD ($)	Sep. 30, 2020EUR (€)	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2019EUR (€)
Disclosure of detailed information about borrowings [line items]
Trade payables		€ 16,924			€ 15,762
Invoices not yet received		19,509			19,292
Accrued employee benefit costs		8,159			7,943
Sundry accruals		7,813			13,441
Trade and Other Payables		52,405			€ 56,438
Expected reimbursement, other provisions | $	$ 1,000
Legal proceedings provision [member]
Disclosure of detailed information about borrowings [line items]
Settlement amount, before insurance	$ 5,000	€ 4,265	$ 5,000
Expected reimbursement, other provisions | $				$ 1,000

Borrowings - Lease liabilities

Borrowings - Lease liabilities (Details) - EUR (€) € in Thousands	Sep. 30, 2020	Dec. 31, 2019
Lease liabilities
Current	€ 2,573	€ 3,056
Non-current	6,786	6,127
Total lease liabilities	9,359	€ 9,183
1 to 5 years
Lease liabilities
Non-current	6,501
Greater than 5 years
Lease liabilities
Non-current	€ 285

Borrowings - Lease liabilitie_2

Borrowings - Lease liabilities rollforward (Details) € in Thousands	9 Months Ended
	Sep. 30, 2020EUR (€)
Disclosure of quantitative information about leases for lessee [abstract]
Current lease liabilities at beginning of period	€ 3,056
New Leases, current	2,453
Cash flows, current	(4,031)
Reclassifications, current	1,256
Effect of translation, current	(161)
Current lease liabilities at end of period	2,573
Non-current lease liabilities at beginning of period	6,127
New leases, non-current	2,584
Reclassifications, non-current	(1,256)
Effect of translation, non-current	(669)
Non-current lease liabilities at end of period	6,786
Lease liabilities, beginning of period	9,183
New leases, total	5,037
Cash flows, total	(4,031)
Effect of translation, total	(830)
Lease liabilities, end of period	9,359
Interest expense on lease liabilities	€ 1,026

Provisions for liabilities an_2

Provisions for liabilities and other charges - Movements in provisions (Details) - EUR (€) € in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Movements in provisions for liabilities and other charges
Balance at beginning	€ 27,266
Additions	4,594
Reversal	(567)
Effect of translation	(355)
Balance at ending	30,938
Current provisions	30,630	€ 27,040
Non-current provisions	308	€ 226
Tax risks
Movements in provisions for liabilities and other charges
Balance at beginning	25,840
Additions	3,169
Reversal	(170)
Effect of translation	(256)
Balance at ending	28,583
Current provisions	28,583
Provision For Value-Added Tax [Member]
Movements in provisions for liabilities and other charges
Balance at beginning	10,344
Balance at ending	10,398
Provision For Withholding Tax [Member]
Movements in provisions for liabilities and other charges
Balance at beginning	15,399
Balance at ending	18,091
Provisions Related To Other Taxes [Member]
Movements in provisions for liabilities and other charges
Balance at beginning	97
Balance at ending	95
Marketplace and consignment goods
Movements in provisions for liabilities and other charges
Balance at beginning	549
Additions	497
Reversal	(219)
Effect of translation	(29)
Balance at ending	798
Current provisions	798
Provision for other expenses
Movements in provisions for liabilities and other charges
Balance at beginning	877
Additions	928
Reversal	(178)
Effect of translation	(70)
Balance at ending	1,557
Current provisions	1,249
Non-current provisions	€ 308

Revenue (Details)

Revenue (Details) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020EUR (€)	Sep. 30, 2019EUR (€)	Sep. 30, 2020EUR (€)item	Sep. 30, 2019EUR (€)
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	€ 33,672	€ 40,916	€ 97,863	€ 111,132
Number of reportable segments | item			1
Number of operating segments | item			1
Number of Co-CEOs | item			2
Sales of goods
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	9,792	20,981	€ 30,683	58,121
Commissions
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	8,706	6,080	24,687	16,617
Fulfillment
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	8,267	7,313	22,348	18,001
Value Added Services [Member]
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	4,901	4,729	14,367	14,042
Marketing and Advertising
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	1,521	1,556	4,698	3,771
Other revenue
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue	€ 485	€ 258	€ 1,080	€ 580

Revenue - Geographical distribu

Revenue - Geographical distribution (Details) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disclosure of geographical areas [line items]
Revenue	€ 33,672	€ 40,916	€ 97,863	€ 111,132
West Africa
Disclosure of geographical areas [line items]
Revenue	15,138	17,467	44,589	47,310
North Africa
Disclosure of geographical areas [line items]
Revenue	11,398	13,887	34,092	40,214
East Africa And South Africa [Member]
Disclosure of geographical areas [line items]
Revenue	6,853	8,571	18,489	22,610
Europe
Disclosure of geographical areas [line items]
Revenue	177	€ 991	579	€ 998
United Arab Emirates
Disclosure of geographical areas [line items]
Revenue	€ 106		€ 114

Fulfillment expense (Details)

Fulfillment expense (Details) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Fulfillment expense
Employee benefits expense - Fulfillment	€ 4,109	€ 5,234	€ 12,977	€ 14,957
Fulfillment centers expense	731	1,168	2,564	3,366
Freight and shipping expense	11,783	14,305	34,277	35,189
Fulfillment expense	€ 16,623	€ 20,707	€ 49,818	€ 53,512

Sales and advertising expense_2

Sales and advertising expense (Details) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Sales and advertising expense
Employee benefits expense - Sales and advertising	€ 1,955	€ 1,950	€ 6,548	€ 5,763
Sales and advertising campaigns	4,235	11,825	15,736	34,766
Sales and advertising expense	€ 6,190	€ 13,775	€ 22,284	€ 40,529

Technology and content expens_2

Technology and content expense (Details) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Technology and content expense
Employee benefits expense - Technology and content	€ 3,197	€ 3,157	€ 10,018	€ 9,562
IT maintenance and infrastructure expense	3,115	3,827	10,522	9,982
Technology and content expense	€ 6,312	€ 6,984	€ 20,540	€ 19,544

General and administrative ex_3

General and administrative expense (Details) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
General and administrative expense
Staff costs - General and administrative	€ 12,057	€ 16,870	€ 40,366	€ 63,941
Occupancy costs	409	406	1,062	1,219
Professional fees	2,546	4,559	9,027	9,035
Travel and entertainment	210	1,306	1,244	3,784
Office and related expenses	1,491	1,877	4,775	5,258
General sub-contracts	76	1,261	1,267	3,174
Bank fees & payment cost	437	327	1,249	2,009
Bad debt expense, net	508	586	3,761	2,635
Tax expenses	1,737	1,344	5,485	4,409
Tax provisions	946	1,703	3,169	3,009
Provisions for liabilities and other charges - general and administrative	107	(210)	558	29
Depreciation and amortization	1,878	2,095	6,106	5,568
Other general and administrative expense	322	536	6,117	1,255
General and administrative expense	€ 22,724	€ 32,660	84,186	105,325
Share options granted to employees			11,998	31,934
Settlement loss			4,265
Insurance expense			€ 2,021	€ 1,091

Income tax (Details)

Income tax (Details) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Disclosure of other provisions [line items]
Current tax	€ 793	€ (208)	€ 1,387	€ 53
Total tax expense (income)	793	€ (208)	1,387	€ 53
Other provisions	30,938		30,938		€ 27,266
Income tax payables	355		355		400
Provision for income tax	9,890		9,890		9,656
Total income tax payables	10,245		10,245		10,056
Minimum [Member]
Disclosure of other provisions [line items]
Current tax			285
Tax risks
Disclosure of other provisions [line items]
Other provisions	28,583		28,583		25,840
Provision for other expenses
Disclosure of other provisions [line items]
Other provisions	€ 1,557		€ 1,557		€ 877

Earnings per share (Details)

Earnings per share (Details) € / shares in Units, € in Thousands	1 Months Ended		3 Months Ended		9 Months Ended
	Oct. 31, 2020item	Aug. 31, 2020item	Sep. 30, 2020EUR (€)€ / sharesshares	Sep. 30, 2019EUR (€)€ / sharesshares	Sep. 30, 2020EUR (€)item€ / sharesshares	Sep. 30, 2019EUR (€)€ / sharesshares
Earnings per share [line items]
Profit (loss) | €			€ (32,386)	€ (49,910)	€ (114,027)	€ (163,474)
Profit (loss), attributable to non-controlling interests | €			(63)	(93)	(182)	(246)
Profit (loss), attributable to ordinary equity holders of parent entity | €			€ (32,323)	€ (49,817)	€ (113,845)	€ (163,228)
Weighted average ordinary shares and adjusted weighted average ordinary shares [abstract]
Weighted average number of shares for basic and diluted EPS | shares			161,038,010	156,816,494	158,281,076	135,209,568
Basic and diluted earnings (loss) per share | € / shares			€ (0.20)	€ (0.32)	€ (0.72)	€ (1.21)
Share options | shares			7,921,745	8,824,566	5,433,252	7,834,683
Exercised during the period (shares) | item		54,724			4,759,452
Shares issued in share-based arrangement | item					5,345,434
Subsequent Event [Member]
Weighted average ordinary shares and adjusted weighted average ordinary shares [abstract]
Shares issued in share-based arrangement | item	236,658

Transactions and balances wit_3

Transactions and balances with related parties - balances (Details) - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Outstanding balances with related parties
Borrowings	€ 2,573		€ 2,573		€ 3,056
MTN
Disclosure of transactions between related parties [line items]
Expenses	84	€ 159	220	€ 438
Prepayments by related party for employee purchases	€ 221	€ 35	961	€ 524
Revenue			€ 864

Transactions and balances wit_4

Transactions and balances with related parties - key management and other (Details) - Key Management - EUR (€) € in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disclosure of transactions between related parties [line items]
Short-term employee benefits	€ 714	€ 4,576	€ 2,447	€ 6,035
Other benefits	7	(25)	15	24
Equity-settled share-based compensation	1,222	2,113	4,316	9,305
Total	€ 1,943	€ 6,664	€ 6,778	€ 15,364

Financial risk management obj_2

Financial risk management objectives and policies (Details) - EUR (€) € in Thousands	Sep. 30, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
ECL provision of trade and other receivables (as a percent)	57.00%	47.00%
Trade notes and accounts receivable
Disclosure of detailed information about financial instruments [line items]
Financial assets	€ 5,627	€ 9,497
Trade notes and accounts receivable | Cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	13,133	17,780
Trade notes and accounts receivable | Accumulated impairment
Disclosure of detailed information about financial instruments [line items]
Financial assets	(7,506)	(8,283)
Other receivables | Cost
Disclosure of detailed information about financial instruments [line items]
Financial assets	2,865	4,728
Other receivables | Accumulated impairment
Disclosure of detailed information about financial instruments [line items]
Financial assets	€ (682)	€ (503)

Commitments and contingencies (

Commitments and contingencies (Details) € in Thousands, $ in Thousands	Aug. 11, 2020USD ($)	Sep. 30, 2020EUR (€)	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2019EUR (€)	Sep. 30, 2019EUR (€)
Tax contingencies
Tax provisions		€ 30,630			€ 27,040
Uncertain tax positions for which no provision has been made		8,925
Expected reimbursement, other provisions | $	$ 1,000
Legal proceedings provision [member]
Tax contingencies
Litigation Settlement, Gross	$ 5,000	4,265	$ 5,000
Expected reimbursement, other provisions | $				$ 1,000
Tax provisions
Tax contingencies
Tax provisions		€ 28,583				€ 25,840