Jumia - JMIA STOCK NEWS

Jumia Technologies AG (NYSE:JMIA), the leading pan-African e-commerce platform, has announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission (SEC).

The company operates across 9 African countries through its marketplace platform, which connects over 70,000 sellers with customers. Jumia's ecosystem includes a comprehensive logistics network for package delivery and JumiaPay, a proprietary payment service available in select markets.

Investors and stakeholders can access the Annual Report PDF version through Jumia's Investor Relations website, with hard copies of audited consolidated financial statements available upon request via email.

Jumia Technologies (NYSE:JMIA) reported Q4 2024 results with mixed performance. Revenue declined 23% year-over-year to $45.7 million, while GMV fell 12% to $206.1 million. Operating loss widened to $17.3 million compared to $4.5 million in Q4 2023.

Key operational highlights include an 18% year-over-year increase in Physical goods Orders (excluding South Africa and Tunisia), strong Black Friday performance, and expanded international seller contribution reaching 31% of items sold. The company's liquidity position stood at $133.9 million.

For full-year 2024, revenue was $167.5 million (down 10% YoY), with operating loss improving to $66.0 million from $73.3 million in 2023. The company provided 2025 guidance projecting 15-20% growth in physical goods orders and GMV between $795-830 million, with expected Loss before Income Tax ranging from $65-70 million.

Jumia Technologies AG (NYSE:JMIA) has scheduled its Fourth Quarter and Full Year 2024 earnings release for February 20, 2025, before the U.S. market opens. The company will host a conference call at 8:30am ET on the same day to discuss the results.

Investors can join the call using various dial-in options: US Toll Free (888-506-0062), International (973-528-0011), or UK (44 20 3355 4169) with Entry Code 434300. A live webcast will be available on Jumia's Investor Relations website. A replay of the call will be accessible until March 6, 2025, using the replay passcode 51933.

Jumia Technologies (NYSE:JMIA) reported preliminary KPIs for October-November 2024, highlighting strong performance during its Black Friday event. Total orders reached 4.3 million, up 18% year-over-year, with 62% occurring during Black Friday. Physical goods orders grew 17% to 3.9 million, while customer base increased 9%. GMV showed 33% growth on constant currency basis, though only 2% in reported currency due to devaluations in Nigeria and Egypt.

The company saw robust performance in priority categories like Phones, Fashion, and Home & Living. Jumia Logistics handled 5.6 million packages, up from 4.5 million year-over-year. Notable growth occurred in upcountry Nigeria, with physical goods orders outside main urban centers rising 44% year-over-year.

Jumia Technologies AG (NYSE:JMIA) has announced a strategic partnership with Premium Card in Egypt to enhance e-commerce adoption through expanded payment solutions. The collaboration offers Premium Card holders exclusive discounts and flexible installment plans with low interest rates across all product categories on Jumia's platform. Through JumiaPay, customers will have access to diverse payment options and special deals in partnership with major local and international brands.

Jumia Technologies AG (NYSE:JMIA) has announced its participation in the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York. CEO Francis Dufay will engage in a fireside chat, and alongside EVP of Finance and Operations Antoine Malliet-Mezeray, will conduct one-on-one meetings during the event. The fireside chat is scheduled for November 20, 2024, at 11:20am ET. A webcast will be available on Jumia's Investor Relations website, and interested parties can arrange one-on-one meetings through their RBC representatives.

Jumia Technologies AG (NYSE:JMIA) has launched a new 6,000-square-metre integrated warehouse and logistics facility in Tema, Ghana. This expansion aims to enhance operational efficiency, reduce delivery times, and expand product availability in the Ghanaian market. The new facility, which is fully operational for the Jumia Black Friday campaign (November 1-30, 2024), represents a significant investment in Ghana's e-commerce ecosystem. This development follows similar initiatives in Nigeria, Morocco, Egypt, and Cote d'Ivoire, aligning with Jumia's strategic focus on optimizing operations across its pan-African e-commerce platform.

Jumia (NYSE:JMIA) and Hepsiburada (NASDAQ:HEPS) have announced a strategic commercial partnership to enhance product offerings for North African consumers. Through this collaboration, Hepsiburada will list its private label products, retail assortment, and selected Turkish brands on Jumia's platform. The partnership aims to combine Jumia's extensive reach in North Africa with Hepsiburada's established presence in Türkiye, providing consumers access to a wider range of authentic Turkish products. This alliance sets the foundation for broader engagement across key African markets where Jumia operates.

Jumia Technologies AG (NYSE:JMIA) announced it will release its third quarter 2024 financial results on November 7, 2024, before the U.S. market opens. The company will host a conference call at 8:30am ET to discuss the results. Investors can join via multiple dial-in options including US (toll-free), International, and UK numbers. A live webcast will be available on Jumia's Investor Relations website, with a replay accessible until November 21, 2024.