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Revenue
9 Months Ended
Sep. 30, 2020
Revenue  
Revenue

17      Revenue

Revenue is comprised of the following:

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​

​

​

​

​

​

​

​

​

​

​

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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

 

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As previously disclosed in the annual consolidated financial statements, the Group had one operating and reportable segment, an e-Commerce platform. Although the e-Commerce platform consists of different business platforms of the Group, the chief operating decision-maker, comprised of two Co-CEO’s and the CFO, makes decisions regarding allocation of resources based on the long-term growth potential of the Company as determined by market research, growth and potential in regions, and various internal key performance indicators.

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:

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​

​

​

​

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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.

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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.