Jumia - JMIA STOCK NEWS

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.

Jumia (NYSE:JMIA) has expanded its logistics service, now offering it to third-party businesses in 11 African countries. Previously limited to its marketplace vendors, this service allows external companies to utilize Jumia's extensive logistics network and technology. Jumia boasts over 20 warehouses and 1,300 delivery points, significantly enhancing delivery efficiency. The initiative, piloted successfully with various clients, aims to address logistics challenges for businesses particularly during COVID-19, providing better services at lower costs.

Jumia Technologies AG (NYSE: JMIA) is set to announce its quarterly results for the period ending September 30, 2020, on November 10, 2020, prior to the U.S. market opening. A conference call will follow at 8:30 a.m. ET on the same day. Investors can access a live webcast of the earnings call through the Jumia Investor Relations website. Jumia operates as a leading e-commerce platform across 11 African countries, connecting over 110,000 sellers with consumers while providing logistics and payment solutions to enhance online shopping experiences.