Jumia Stock Price, News & Analysis

Jumia Technologies AG (NYSE:JMIA) reported strong financial results for Q1 2022, highlighting a 44% increase in revenue year-over-year, totaling $47.6 million. Orders surged by 40%, with Gross Merchandise Value (GMV) rising 27% to $252.7 million. JumiaPay also saw a 37% increase in Total Payment Value (TPV). Despite these growth figures, the company reported an operating loss of $66.4 million, exacerbated by increased marketing and operational expenses. Looking ahead, Jumia anticipates continued GMV growth and plans increased spending on advertising.

Jumia Technologies AG (NYSE:JMIA) has filed its Annual Report on Form 20-F for the year ended December 31, 2021, with the U.S. Securities and Exchange Commission. The report can be accessed via Jumia's Investor Relations website. A physical copy of the audited financial statements is available upon request. Jumia aims to enhance consumer access to goods and services in Africa through its e-commerce platform, supported by Jumia Logistics and JumiaPay, enabling efficient delivery and digital payment solutions.

Jumia Technologies AG (NYSE:JMIA) announced it will report its first-quarter results for the period ending March 31, 2022, on May 17, 2022, before U.S. market opening. A conference call will be held on the same day at 8:30 a.m. Eastern Time, with dial-in options for U.S. and international participants.

The call will also be available via a live webcast on the Jumia Investor Relations website. Jumia operates as a leading e-commerce platform in Africa, connecting over 100,000 sellers to consumers across 11 countries.

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.