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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 AG (NYSE:JMIA) will announce its fourth quarter and full year 2021 results on February 23, 2022, before the U.S. market opens. A conference call is scheduled for 8:30 a.m. ET on the same day. Investors can dial in using 888-506-0062 for the U.S. or 973-528-0011 internationally. The call will also be available via a live webcast on Jumia's Investor Relations website, with an archived version to follow. Jumia operates across 11 countries in Africa, providing a marketplace, logistics service, and payment solutions to enhance online commerce.
Jumia Technologies AG announced record-breaking results for its 2021 Black Friday campaign, held from November 5 to November 30. The campaign achieved GMV of $150 million, a 30% year-over-year increase, with 4.3 million orders and a 39% increase in order volume. Unique visitors reached 40 million, a 27% rise. Over 46,000 active sellers participated, with top restaurants seeing 167% GMV growth. Jumia Logistics managed 5.3 million packages, improving delivery times to an average of 1.5 business days.
Jumia (NYSE:JMIA) has been recognized as the Best Logistics Partner by Unilever Nigeria for its efforts in enhancing last-mile logistics services in northern Nigeria. This award highlights Jumia's commitment to improving delivery times in a challenging logistics environment. The company boasts a robust logistics network with over 300 partners, 20+ warehouses, and 1,600 pick-up stations across 11 countries. In 2020, Jumia processed 28 million packages, with over 22% delivered to rural areas. Jumia aims to continue innovating its logistics services to improve customer experience.
Jumia Technologies AG (NYSE:JMIA) reported a strong third quarter for 2021, with orders up 28% year-over-year, reaching 8.5 million. Annual active consumers increased by 8% to 7.3 million, and Gross Merchandise Volume (GMV) rose by 8% to $238.1 million. However, gross profit decreased by 5.7% to $25.5 million, largely due to increased fulfillment and marketing expenses. Despite the growth in user metrics, the company reported an operating loss of $64 million, reflecting a 93% year-over-year increase in losses. Jumia aims to enhance its e-commerce and fintech strategies to drive future profitability.
Jumia Technologies AG (NYSE: JMIA) has announced that it will release its Q3 2021 results on November 16, 2021, before the U.S. market opens. Management will conduct a conference call at 8:30 a.m. US Eastern Time on the same day. Investors can access the live webcast via Jumia's Investor Relations website. Jumia is the leading e-commerce platform in Africa, connecting over 110,000 sellers with consumers across 11 countries, focusing on enhancing everyday life through technology.
Jumia Technologies AG (NYSE:JMIA) announced that co-CEO Jeremy Hodara purchased 50,000 American Depositary Shares (ADS) at the market price on September 13, 2021. This transaction was conducted using personal funds and in compliance with securities regulations. Jumia is a leading pan-African e-commerce platform that connects sellers and consumers through its marketplace, logistics, and payment services. The company’s operational results may vary due to known and unknown risks detailed in its SEC filings.
Jumia Technologies AG (NYSE: JMIA) reported its Q2 2021 financial results, revealing a 13% year-over-year increase in Orders, marking the fastest growth rate in five quarters. Gross Profit after Fulfillment expenses rose by 16%, while Adjusted EBITDA loss expanded by 15%. Total revenue increased by 4.6% to $40.2 million. Despite a 11% drop in GMV to $223.5 million, the company is focused on long-term growth through enhanced technology and marketing investments. JumiaPay is expanding its services in partnership with Egypt's National Bank, enhancing e-commerce and fintech adoption.
Jumia Technologies AG (NYSE:JMIA) is set to announce its results for the quarter ending June 30, 2021, prior to the U.S. market opening on August 10, 2021. A conference call will take place at 8:30 a.m. Eastern Time, where management will discuss the financial results. Interested parties can access the call via US and international dial-in numbers, or listen to a live webcast on the Jumia Investor Relations website. Jumia operates as a leading e-commerce platform in Africa, connecting sellers with consumers through its marketplace, logistics services, and payment solutions.
Jumia Technologies AG (NYSE:JMIA) reported its Q1 2021 financial results, showing an 11% increase in gross profit to €20.4 million year-over-year. Gross profit after fulfillment expense surged by 149% year-over-year, reaching €6.2 million. Meanwhile, adjusted EBITDA loss decreased by 24% to €27.0 million. Total revenue fell by 6.4% to €27.4 million, with first-party revenue down 34.7%. The company maintained a strong cash position of €485.6 million and aims to enhance profitability through strategic initiatives, including expanding fintech services.
Jumia Technologies AG (NYSE:JMIA) will report its results for Q1 2021 on May 11, 2021, before U.S. market opens. A conference call will be held at 8:30 a.m. ET on the same day, accessible via toll-free numbers for participants across the U.S., Canada, and the UK. Jumia, a leading e-commerce platform in Africa, connects over 110,000 sellers with consumers through its marketplace, logistics service, and payment solutions. Stakeholders can view the results and call details on the Jumia Investor Relations website.
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