Jumia Technologies AG ADR (JMIA) News
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JMIA News Highlights
- JMIA's 30 day story count now stands at 3.
- Over the past 8 days, the trend for JMIA's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- AG, PATH and SM are the most mentioned tickers in articles about JMIA.
Latest JMIA News From Around the Web
Below are the latest news stories about JUMIA TECHNOLOGIES AG that investors may wish to consider to help them evaluate JMIA as an investment opportunity.
Jumia to Focus on Physical Goods Business and Close its Food Delivery OperationsLAGOS, NIGERIA / ACCESSWIRE / December 13, 2023 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company"), the leading pan-African e-commerce platform, has announced plans to close its food delivery business, Jumia Food. Jumia will continue to ... |
African online retailer Jumia to cease food delivery businessAfrican e-commerce firm Jumia Technologies will close its food delivery business in all seven countries in which the unit operates by the end of the year to focus on growing its core online retail business, it said on Wednesday. Jumia is aggressively cutting costs in order to turn profitable, including head count reductions, exiting everyday grocery items and reducing delivery services not related to its e-commerce business. The move is in line with Jumia's "strategy to optimize its capital and resource allocation and to continue its path to profitability," the retailer said, adding that Jumia Food is not suitable to the current operating environment and macroeconomic conditions. |
7 Solid Small-Caps for 2024 and BeyondSmall-cap stocks are positioned to beat the biggest companies in 2024 as risk tolerance climbs and shares remain undervalued |
Black Friday and Cyber Monday Take AFRM, SHOP, AMZN, JMIA Stocks HigherBlack Friday stocks are in the green Monday as spending data starts to roll in after a record-breaking weekend for U.S. shoppers. |
14 Most Technologically Advanced Countries in AfricaIn this article, we will be taking a look at the 15 most technologically advanced countries in Africa. To skip our detailed analysis, you can go directly to see the 5 most technologically advanced countries in Africa. Africa is one of the worst off regions in the entire world, and dominates the list of poorest […] |
Trending tickers: Arm | Jumia | Country Garden | Virgin MoneyThe latest investor updates on stocks that are trending on Thursday. |
Jumia Technologies AG (NYSE:JMIA) Q3 2023 Earnings Call TranscriptJumia Technologies AG (NYSE:JMIA) Q3 2023 Earnings Call Transcript November 15, 2023 Operator: Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Jumia’s Results Conference Call for the Third Quarter of 2023. At this time, all participants are in a listen-only mode. After management’s prepared remarks, there will be a question-and-answer […] |
Q3 2023 Jumia Technologies AG Earnings CallQ3 2023 Jumia Technologies AG Earnings Call |
Jumia Technologies Ag (JMIA) Q3 2023 Earnings Call TranscriptWith us today are Francis Dufay, CEO of Jumia; and Antoine Maillet-Mezeray, executive vice president, finance and operations. Actual results may differ materially from those indicated in the forward-looking statements. For a discussion of some of the risk factors that could cause actual results to differ from the forward-looking statements expressed today, please see the risk factors section of our annual report on Form 20-F as published on May 16, 2023, as well as our other submissions with the SEC. |
African online retailer Jumia's Q3 losses narrow with further fall expectedAfrican e-commerce firm Jumia Technologies said on Wednesday that cost savings had helped it reduce third quarter losses by 67% from a year earlier, with a further sharp drop expected this year. Jumia is aggressively cutting costs in order to turn profitable, including head count reductions, scaling back the range of products offered such as groceries and reducing delivery services not related to its e-commerce business. The first Africa-focused tech start-up to list on the New York Stock Exchange reported an adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) loss of $15 million in the three months to Sept.30 from a loss of $46 million in the same period of 2022. |