Jumia Technologies AG (JMIA) Stock

Jumia Technologies (JMIA 19.52%) stock surged in Thursday's trading. The African e-commerce company's share price ended the day's trading up 19.7% and had been up as high as 26.1% earlier in the session.

Orders totaled 4.3 Million for the Two Months Ended November 30, 2024; Up 18% Year-Over-Year Physical Goods Orders Grew 17% during the Two Months Ended November 30, 2024 to 3.9 Million With 2.5 Million Physical Goods Orders Placed During Jumia's Successful Black Friday Event LAGOS, NIGERIA / ACCESSWIRE / December 5, 2024 / Today, Jumia Technologies AG (NYSE:JMIA) ("Jumia", the "Company") announced preliminary unaudited results of selected KPIs for the two months ended November 30, 2024, including the performance of select KPIs relating to the Company's annual Black Friday event, which ran from November 1 through November 30, 2024. All reported preliminary KPIs exclude results from South Africa and Tunisia, reflecting the Company's recently announced exit from these markets by year end 2024.

Jumia's Q3 results showed mixed performance with positive growth in active customers and GMV but increased cash usage and EBITDA loss due to strategic investments. Warehouse consolidation and increased marketing spend temporarily raised costs but are expected to drive efficiency and growth in 2025. Expansion beyond major cities in Nigeria is promising, with upcountry orders growing 22%, highlighting Jumia's resilience in tough economic conditions.

LAGOS, NIGERIA / ACCESSWIRE / November 12, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today that Francis Dufay, Chief Executive Officer, will participate in a fireside chat and along with Antoine Malliet-Mezeray, Executive Vice President of Finance and Operations, will participate in one-on-one meetings at the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on November 20, 2024 in New York, NY. The fireside chat will take place at 11:20am ET on November 20, 2024.

Expansion to Drive Faster Delivery, Broader Product Selection, and E-commerce Growth in Ghana New Warehouse Aligns with Jumia's Strategic Focus on the Optimization and Efficiency of its Operations ACCRA, GHANA / ACCESSWIRE / November 11, 2024 / Jumia Technologies AG (NYSE:JMIA), a leading e-commerce platform in Africa, today announced the launch of a new integrated warehouse and logistics network facility in Tema, Ghana. The facility marks a significant investment in Ghana's e-commerce ecosystem and underscores Jumia's commitment to delivering exceptional customer experiences.

Jumia Technologies AG (NYSE:JMIA ) Q3 2024 Earnings Call Transcript November 7, 2024 8:30 AM ET Company Participants Francis Dufay - CEO Antoine Maillet-Mezeray - EVP, Finance and Operations Conference Call Participants Brad Erickson - RBC Operator Good morning, ladies and gentlemen. Thank you for standing by.

Continued Execution on Fundamentals, Resilient Top-Line Growth in Challenging Macro Conditions and Significantly Improved Liquidity Position LAGOS, NIGERIA / ACCESSWIRE / November 7, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today its financial results for the third quarter ended September 30, 2024. Results highlights for the third quarter 2024 Revenue of $36.4 million, down 13% year-over-year, or up 9% in constant currency.

Jumia Technologies (JMIA) reachead $4.57 at the closing of the latest trading day, reflecting a -0.65% change compared to its last close.

Jumia Technologies (JMIA) closed at $5.03 in the latest trading session, marking a -0.59% move from the prior day.