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The latest update is out from Jumia Technologies AG ( (JMIA) ).
Jumia Technologies AG announced its financial results for the fourth quarter and full year of 2024, highlighting both achievements and challenges. The company reported a decrease in revenue and operating loss for the quarter compared to the previous year, with a notable decline in net cash flows used in operating activities. Despite these challenges, Jumia experienced significant growth in physical goods orders and customer satisfaction, driven by strategic marketing and operational efficiencies. The company also saw strong performance in its Black Friday campaign and international seller participation. Exiting non-strategic markets and focusing on secondary cities have been part of Jumia’s strategy to streamline operations and enhance profitability.
More about Jumia Technologies AG
Jumia Technologies AG operates within the e-commerce industry, primarily focusing on providing an online marketplace for physical goods and services across various African countries. The company is known for targeting emerging markets in Africa, offering a platform that connects consumers with sellers of products such as electronics, fashion items, and household goods.
YTD Price Performance: -0.51%
Average Trading Volume: 3,136,897
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $413M
For a thorough assessment of JMIA stock, go to TipRanks’ Stock Analysis page.
