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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 (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.
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.
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