Welcome to our dedicated page for Jumia news (Ticker: JMIA), a resource for investors and traders seeking the latest updates and insights on Jumia stock.
Jumia Technologies AG (JMIA) operates Africa's leading e-commerce ecosystem, connecting millions with sellers through its marketplace, logistics network, and JumiaPay. This page serves as the definitive resource for tracking corporate developments shaping Africa's digital commerce landscape.
Access timely updates including earnings reports, strategic partnerships, market expansion initiatives, and technology innovations. Investors gain insights into operational milestones while analysts monitor progress against regional e-commerce adoption trends.
Our curated news collection features official press releases alongside verified market analysis. Stay informed about logistics network enhancements, payment system upgrades, and consumer growth metrics without speculative commentary.
Bookmark this page for streamlined tracking of JMIA's evolving role in African tech and retail. Check regularly for updates on cross-border trade developments, seller ecosystem expansions, and financial performance indicators essential for market evaluation.
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.
Jumia Technologies AG announced the completion of its "at the market" offering, selling 8,962,961 ADSs at an average price of $38.90 each, generating approximately $348.6 million in gross proceeds. After deducting commissions and expenses, net proceeds are expected to reach $341.2 million. The funds will be used for general corporate purposes. This follows a prospectus supplement filed with the SEC on March 18, 2021, for the offering facilitated by Citigroup Global Markets Inc.
Jumia Technologies AG (NYSE: JMIA) reports its Q4 and full-year 2020 financial results, showing a GMV of €231.1 million, down 21% YoY, but up 23% QoQ, boosted by Black Fridays. Gross profit increased 12% YoY to €27.9 million, with a record gross profit after fulfillment of €8.4 million. Adjusted EBITDA loss narrowed by 47% YoY to €28.3 million. JumiaPay's transaction value rose 30% YoY. The company raised €203 million in December to strengthen its balance sheet, aiming for profitability despite challenges posed by COVID-19. Operational improvements led to a lower rate of cancellations and quicker deliveries.
Jumia Technologies AG (NYSE: JMIA) will release its fourth quarter and full year 2020 results on February 24, 2021, before U.S. market opens. A conference call is scheduled for 8:30 a.m. ET on the same day, with various toll-free dial-in options available for participants. Jumia, as Africa's leading e-commerce platform, connects over 110,000 sellers to consumers across 11 African countries. The company utilizes its technology for logistics and payment services to enhance online shopping experiences.
Jumia Technologies AG has successfully completed its "at the market" offering, selling 7,969,984 ADSs at an average price of $30.51 each. This generated gross proceeds of $243.2 million, with net proceeds expected to be around $231.4 million after expenses. The funds will be utilized for general corporate purposes. The offering was facilitated by Citigroup Global Markets Inc. This move is seen as a strategic financial maneuver to bolster Jumia's capital for operational needs, reflecting its position as a leading pan-African e-commerce platform.
Jumia Technologies AG announced an "at the market offering" sales agreement with Citigroup Global Markets Inc. to sell up to 7,969,984 American Depositary Shares (ADSs). The net proceeds will be allocated for general corporate purposes and are contingent upon the market price at which the ADSs are sold. The company has a shelf registration statement effective since July 30, 2020. As of November 27, 2020, the closing price of Jumia's ADSs was $36.89 on the NYSE under the symbol "JMIA." This announcement does not constitute an offer to sell the ADSs.
Jumia Technologies AG (NYSE: JMIA) reported its Q3 2020 financial results, revealing a 28% year-over-year decline in GMV to €187.3 million, due to a strategic business mix rebalancing. Despite this, gross profit increased by 22% to €23.2 million, reflecting significant improvements in operational efficiency. Notably, operating loss diminished by 49% year-over-year to €28.0 million, a three-year low. JumiaPay TPV surged by 50% to €48 million, marking a substantial increase in on-platform payment adoption. The company remains focused on achieving profitability amidst ongoing economic uncertainties.
