Welcome to our dedicated page for Jumia Technologies news (Ticker: JMIA), a resource for investors and traders seeking the latest updates and insights on Jumia Technologies stock.
Jumia Technologies AG (NYSE: JMIA) is the leading pan-African e-commerce platform. Established in 2012 and headquartered in Africa, Jumia connects sellers with consumers through its robust marketplace. Its operations span 11 African countries, making it a key player in the continent's online retail space. The platform is comprised of a marketplace that offers a wide range of goods and services, a logistics service that facilitates the shipment and delivery of packages, and JumiaPay, a proprietary payment service that simplifies transactions in selected markets.
Jumia's core business revolves around diverse categories such as online retail, real estate, vehicle marketplaces, and more. The company is committed to improving the quality of everyday life in Africa by leveraging technology to deliver convenient and affordable online services. Recent strategic shifts have seen Jumia streamline its focus onto its physical goods business, discontinuing its food delivery service, Jumia Food, to optimize capital and resources for profitability.
Jumia has made significant strides towards financial stability and growth. For the third quarter of 2023, the company reported an adjusted EBITDA loss of $14.9 million, a substantial reduction from $45.5 million in the same period the previous year. The company continues to enhance cash efficiency and aims to achieve profitable growth, with forecasts indicating further reductions in losses for the fiscal year 2023.
The company is also exploring innovative payment solutions, such as its recent partnerships in Nigeria to offer Buy Now, Pay Later (BNPL) options through Newedge (Easybuy) and CredPal. These initiatives are designed to boost e-commerce adoption and financial inclusion across the continent.
Jumia's mission is to bridge the gap between brands and consumers, ensuring a consistent supply of goods at competitive prices. As Jumia continues to grow, it remains focused on expanding its logistics network, improving operational efficiency, and delivering a superior shopping experience for its customers.
Jumia Technologies reported its Q3 2022 results, highlighting a 29% increase in gross profit and a 33% reduction in operating loss year-over-year. Revenue rose to $50.5 million, an increase of 18.4% YoY. The company's financial metrics show a positive trend, with adjusted EBITDA losses decreasing by 13%. Jumia's operating loss hit its lowest level in six quarters. Leadership changes aim to enhance operational efficiency and profitability, focusing on core business growth and cost discipline.
Jumia Technologies AG (NYSE:JMIA) announced significant leadership changes, appointing Francis Dufay as Acting CEO and Antoine Maillet-Mezeray as Executive VP, Finance & Operations. This shift comes as previous Co-CEOs Jeremy Hodara and Sacha Poignonnec step down. The new leadership aims to enhance e-commerce operations in Africa, focusing on profitability and reducing operating losses. A comprehensive plan is underway to streamline operations and align with consumer needs, while a search for a permanent CEO is ongoing.
Jumia Technologies AG (NYSE: JMIA) will announce its third-quarter 2022 results on November 17, 2022, before the U.S. market opens. A conference call will follow at 8:30 a.m. EST. Investors can join via U.S. toll-free number 877 545 0523 or international dial-in 973 528 0016. The call will be webcast live on Jumia's Investor Relations site, with an archived version available later. Jumia continues to enhance e-commerce in Africa, connecting over 100,000 sellers with consumers across 11 countries.
Jumia Technologies AG (NYSE:JMIA) will announce its results for Q2 2022 on August 10, 2022, before the U.S. market opens. A conference call will follow at 8:30 a.m. ET the same day.
Investors can join the call using toll-free numbers: 888-506-0062 (US) and 0800 520 0845 (UK), with entry code 203823. The call will also be available via a live webcast on Jumia’s Investor Relations website.
Jumia Technologies AG (NYSE:JMIA) reported strong financial results for Q1 2022, highlighting a 44% increase in revenue year-over-year, totaling $47.6 million. Orders surged by 40%, with Gross Merchandise Value (GMV) rising 27% to $252.7 million. JumiaPay also saw a 37% increase in Total Payment Value (TPV). Despite these growth figures, the company reported an operating loss of $66.4 million, exacerbated by increased marketing and operational expenses. Looking ahead, Jumia anticipates continued GMV growth and plans increased spending on advertising.
Jumia Technologies AG (NYSE:JMIA) has filed its Annual Report on Form 20-F for the year ended December 31, 2021, with the U.S. Securities and Exchange Commission. The report can be accessed via Jumia's Investor Relations website. A physical copy of the audited financial statements is available upon request. Jumia aims to enhance consumer access to goods and services in Africa through its e-commerce platform, supported by Jumia Logistics and JumiaPay, enabling efficient delivery and digital payment solutions.
Jumia Technologies AG (NYSE:JMIA) announced it will report its first-quarter results for the period ending March 31, 2022, on May 17, 2022, before U.S. market opening. A conference call will be held on the same day at 8:30 a.m. Eastern Time, with dial-in options for U.S. and international participants.
The call will also be available via a live webcast on the Jumia Investor Relations website. Jumia operates as a leading e-commerce platform in Africa, connecting over 100,000 sellers to consumers across 11 countries.
Jumia (NYSE:JMIA) has announced a strategic partnership with UPS to expand its logistics services across Africa. This collaboration will leverage Jumia's existing last mile logistics infrastructure, allowing UPS to enhance its delivery solutions for businesses and consumers. The initial implementation will target Kenya, Morocco, and Nigeria, with plans to extend services to Ghana and Ivory Coast. This partnership aims to support small and medium-sized businesses, potentially boosting their revenue growth through improved access to a global customer base.
Jumia Technologies AG (NYSE:JMIA) reported significant growth in Q4 2021, with orders up 40% and revenue increasing by 26% year-over-year. Active consumers rose to 3.8 million, driven by marketing investments and an expanded product assortment. GMV reached $330.1 million, up 20% year-over-year. However, the company faced an operating loss of $84.7 million, a 78% increase due to heightened growth investments. Looking ahead, Jumia expects continued GMV growth and plans to invest $50-$55 million in marketing in H1 2022, with projected Adjusted EBITDA losses of $200-$220 million for the year.
FAQ
What is the current stock price of Jumia Technologies (JMIA)?
What is the market cap of Jumia Technologies (JMIA)?
What is Jumia Technologies AG?
What services does Jumia offer?
What recent strategic changes has Jumia implemented?
How did Jumia perform financially in the third quarter of 2023?
What is Jumia’s strategy for growth?
What are the benefits of JumiaPay?
Where is Jumia headquartered?
What types of products can be found on Jumia’s marketplace?
How does Jumia support financial inclusion in Africa?
What is Jumia’s mission?
