Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. The company's platform consists of marketplace that connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets. Its marketplace offers various products in a range of categories, such as fashion and apparel, beauty and personal care, home and living, fast moving consumer goods, smartphones, and other electronics, as well as access to various services, including restaurant food delivery, hotel and flight booking, classified advertising, airtime recharge, and instant delivery. The company was formerly known as Africa Internet Holding GmbH and changed its name to Jumia Technologies AG in January 2019. Jumia Technologies AG was founded in 2012 and is headquartered in Berlin, Germany.
IPO Year: 2019
Exchange: NYSE
Website: group.jumia.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $5.00 | Sector Perform | RBC Capital Mkts |
| 7/9/2024 | $14.00 | Buy | The Benchmark Company |
| 1/3/2024 | $3.00 → $3.60 | Underweight → Equal-Weight | Morgan Stanley |
| 11/29/2021 | $21.00 → $11.00 | Equal-Weight → Underweight | Morgan Stanley |
| 7/20/2021 | $32.00 → $21.00 | Equal-Weight | Morgan Stanley |
Collaboration Offers Customers Diverse Payment Solutions and Flexible Installment Plans Through JumiaPay CAIRO, EGYPT / ACCESSWIRE / November 18, 2024 / Jumia Technologies AG (NYSE:JMIA), a leading e-commerce platform in Egypt, today announced a strategic partnership with Premium International for Financial Services, "Premium Card", a company specializing in diverse payment solutions to enhance the online shopping experience and provide exceptional benefits to customers."We are excited to announce this strategic partnership with Premium Card, which represents a significant opportunity to expand our service offerings. The partnership will provide exclusive discounts and flexible installment p
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. A webcast will be available on Jumia's Investor Relations website: https://investor.jumia.com/our-company/default.aspx. To schedule a one-on-one meeting
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 2024Revenue of $36.4 million, down 13% year-over-year, or up 9% in constant currency.GMV of $162.9 million, down 1% year-over-year, or up 29% in constant currency.Operating loss of $20.1 million compared to $18.3 million in the third quarter of 2023, up 10% year-over-year, and up 6% in constant currency.Adjusted EBITDA lo
ISTANBUL, Oct. 30, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS) and Jumia (NYSE:JMIA), today announced that the companies have entered into a commercial partnership whereby Hepsiburada will list its private label products and a portion of its retail assortment, together with a selection of other curated Turkish brands, on Jumia. Headquartered in Istanbul, Hepsiburada is a leading e-commerce technology platform in Türkiye. Through this partnership, the two companies will leverage their respective strengths to provide a seamless and improved shopping experience for Jumia`s consumers. The collaboration lays the groundwork for bro
Partnership with Leading Turkish E-commerce Technology Platform to Expand Product Access for North African Consumers CAIRO, EGYPT / ACCESSWIRE / October 30, 2024 / Jumia (NYSE:JMIA) and D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), today announced that the companies have entered into a commercial partnership whereby Hepsiburada will list its private label products and a portion of its retail assortment, together with a selection of other curated Turkish brands, on Jumia.Headquartered in Istanbul, Hepsiburada is a leading e-commerce technology platform in Türkiye. Through this partnership, the two companies will leverage their respective strengths to provide a se
LAGOS, NIGERIA / ACCESSWIRE / October 24, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia") today announced that it will release results for the third quarter of 2024 before the U.S. market opens on Thursday, November 7, 2024.Management will host a conference call to discuss the quarter's results at 8:30am ET on the same day. Interested parties may access the call using the following dial-in details:US Dial-in (Toll Free): 888-506-0062International Dial-in: 973-528-0011United Kingdom Dial-in: 44 20 3355 4169Entry Code: 910892A live webcast of the earnings conference call can be accessed on the Jumia Investor Relations website: https://investor.jumia.com/.A replay of the conference call will
Ceasing Operations in South Africa and Tunisia to Optimize Resources and Focus on Markets with Stronger Growth Potential LAGOS, NIGERIA / ACCESSWIRE / October 16, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or "the Company"), a leading e-commerce platform in Africa, today announced the planned closure of its operations in South Africa, operated under the brand name Zando, and Tunisia.The closure of these markets will allow Jumia to focus resources on its most promising markets that have a stronger growth potential. For the year ended December 31, 2023, and the six months ended June 30, 2024, South Africa and Tunisia combined accounted for only 3.5% and 2.7% of total orders, and 4.5% an
Strategy to Centralize and Integrate Warehouses Improves Jumia's Storage Capacity and Efficiency While Driving E-commerce Growth CAIRO, EGYPT and ABIDJAN, IVORY COAST / ACCESSWIRE / October 10, 2024 / Jumia Technologies AG, (NYSE:JMIA) ("Jumia" or "the Company") a leading e-commerce platform in Africa today announced the planned opening of new warehouses in Cairo, Egypt, and Abidjan, Ivory Coast.The new warehouses are strategically positioned to enable upcountry expansion and in turn drive e-commerce growth while increasing cost efficiencies, improving employee experience, and providing the increased capacity Jumia will need as the Company continues to grow. This expansion aligns with our st
Balance Sheet Strengthened with $99.6 Million in Gross Proceeds LAGOS, NIGERIA / ACCESSWIRE / August 16, 2024 / Jumia Technologies AG, (NYSE:JMIA) ("Jumia" or "the Company") a leading e-commerce platform in Africa, today announced that it has completed its previously announced "at-the-market" ("ATM") offering of 20,227,736 ADSs.The ATM generated aggregate gross proceeds before commissions and offering expenses of $99.6 million. Jumia intends to use the proceeds for general corporate purposes, as well as to help to support its continued efforts around customer acquisition, expand its supplier base, scale its logistics network and improve marketing and vendor technology.Francis Dufay, Jumia CE
Execution Against Strategic Priorities Drives Continued Acceleration in Usage TrendsCash Management Initiatives Deliver Further Improvements in Cash Utilization LAGOS, NIGERIA / ACCESSWIRE / August 6, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today its financial results for the second quarter ended June 30, 2024.Results highlights for the second quarter 2024Revenue of $36.5 million, down 17% year-over-year, or up 15% in constant currency.GMV of $170.1 million, down 5% year-over-year, or up 35% in constant currency.Operating loss of $20.2 million compared to $22.1 million in the second quarter of 2023, down 8% year-over-year, and down 5% in constant currenc
RBC Capital Mkts initiated coverage of Jumia with a rating of Sector Perform and set a new price target of $5.00
The Benchmark Company initiated coverage of Jumia with a rating of Buy and set a new price target of $14.00
Morgan Stanley upgraded Jumia from Underweight to Equal-Weight and set a new price target of $3.60 from $3.00 previously
Morgan Stanley downgraded Jumia Technologies from Equal-Weight to Underweight and set a new price target of $11.00 from $21.00 previously
Morgan Stanley reiterated coverage of Jumia Technologies with a rating of Equal-Weight and set a new price target of $21.00 from $32.00 previously
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New leadership appointed with a plan focused on path to profitability and e-commerce fundamentalsLAGOS, NIGERIA / ACCESSWIRE / November 7, 2022 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or "the Company") today announced the appointment of a new Management Board and Acting CEO, while Jeremy Hodara and Sacha Poignonnec, Co-CEOs, will be stepping down effective today. The Supervisory Board has appointed Francis Dufay and Antoine Maillet-Mezeray as members of the Company's Management Board.Francis Dufay is appointed Acting CEO. He has been with the Company since 2014 and has held multiple senior leadership roles, including CEO of Ivory Coast and recently EVP Africa with responsibility for the
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6-K - Jumia Technologies AG (0001756708) (Filer)
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6-K - Jumia Technologies AG (0001756708) (Filer)
6-K - Jumia Technologies AG (0001756708) (Filer)
6-K - Jumia Technologies AG (0001756708) (Filer)
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 2024Revenue of $36.4 million, down 13% year-over-year, or up 9% in constant currency.GMV of $162.9 million, down 1% year-over-year, or up 29% in constant currency.Operating loss of $20.1 million compared to $18.3 million in the third quarter of 2023, up 10% year-over-year, and up 6% in constant currency.Adjusted EBITDA lo
LAGOS, NIGERIA / ACCESSWIRE / October 24, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia") today announced that it will release results for the third quarter of 2024 before the U.S. market opens on Thursday, November 7, 2024.Management will host a conference call to discuss the quarter's results at 8:30am ET on the same day. Interested parties may access the call using the following dial-in details:US Dial-in (Toll Free): 888-506-0062International Dial-in: 973-528-0011United Kingdom Dial-in: 44 20 3355 4169Entry Code: 910892A live webcast of the earnings conference call can be accessed on the Jumia Investor Relations website: https://investor.jumia.com/.A replay of the conference call will
Execution Against Strategic Priorities Drives Continued Acceleration in Usage TrendsCash Management Initiatives Deliver Further Improvements in Cash Utilization LAGOS, NIGERIA / ACCESSWIRE / August 6, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today its financial results for the second quarter ended June 30, 2024.Results highlights for the second quarter 2024Revenue of $36.5 million, down 17% year-over-year, or up 15% in constant currency.GMV of $170.1 million, down 5% year-over-year, or up 35% in constant currency.Operating loss of $20.2 million compared to $22.1 million in the second quarter of 2023, down 8% year-over-year, and down 5% in constant currenc
LAGOS, NIGERIA / ACCESSWIRE / July 22, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia") today announced that it will release results for the second quarter of 2024 before the U.S. market opens on Tuesday, August 6, 2024.Management will host a conference call to discuss the quarter's results at 8:30am ET on the same day. Interested parties may access the call using the following dial-in details:US Dial-in (Toll Free): 888-506-0062International Dial-in: 973-528-0011United Kingdom Dial-in: 44 20 3355 4169Entry Code: 336704A live webcast of the earnings conference call can be accessed on the Jumia Investor Relations website: https://investor.jumia.com/.A replay of the conference call will be a
Continued Execution Delivers Strong Year-over-Year Growth in GMV and OrdersDisciplined Cost Management Drives Further Improvements in Cash Utilization LAGOS, NIGERIA / ACCESSWIRE / May 7, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today its financial results for the first quarter ended March 31, 2024.Results highlights for the first quarter 2024Revenue of $49 million, up 19% year-over-year, and up 57% in constant currency.GMV of $181 million, up 5% year-over-year, and up 39% in constant currency.Operating loss of $8 million compared to $28 million in the first quarter of 2023, down 71% year-over-year, and down 79% in constant currency.Adjusted EBITDA loss o
LAGOS, NIGERIA / ACCESSWIRE / April 22, 2024 / Jumia Technologies AG (NYSE:JMIA), ("Jumia"), today announced that it will release results for the first quarter of 2024 before the U.S. market opens on Tuesday, May 7, 2024.Management will host a conference call to discuss the quarter's results at 8:30 a.m. ET on the same day. Interested parties may access the call using the following dial-in details:US Dial-in (Toll Free): 888-506-0062International Dial-in: 973-528-0011United Kingdom Dial-in: 44 20 3355 4169Entry Code: 636500A live webcast of the earnings conference call can be accessed on the Jumia Investor Relations website: https://investor.jumia.com/A replay of the conference call will be
LAGOS, NIGERIA / ACCESSWIRE / February 6, 2024 / Jumia Technologies AG (NYSE:JMIA), ("Jumia"), today announced that it will release its results for the fourth quarter and full year 2023 before the U.S. market opens on Thursday, February 15, 2024.Management will host a conference call at 8:30 a.m. US Eastern Time on the same day.Details of the conference call are as follows:US Dial-in (Toll Free): 888-506-0062International Dial-in: 973-528-0011United Kingdom Dial-in: 44 20 3355 4169Entry Code: 458593A live webcast of the earnings conference call can be accessed on the Jumia Investor Relations website: https://investor.jumia.com/An archived webcast will be available following the call.Please v
Meaningful progress in our strategy towards cash efficiency and profitable growthLAGOS, NIGERIA / ACCESSWIRE / November 15, 2023 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today its financial results for the third quarter ended September 30, 2023.Results highlights for the third quarter 2023Revenue of $45 million, down 11% year-over-year, and up 19% in constant currency.GMV of $181 million, down 25% year-over-year, and down 3% in constant currency. GMV of physical goods increased in five countries year-over-year in reported and constant currency.Operating loss of $19 million compared to $43 million in the third quarter of 2022, down 57% year-over-year, and down
LAGOS, NIGERIA / ACCESSWIRE / November 6, 2023 / Jumia Technologies AG (NYSE:JMIA), ("Jumia"), today announced that it will release its results for the quarter ended September 30, 2023 before the U.S. market opens on Wednesday, November 15, 2023.Management will host a conference call at 8:30 a.m. US Eastern Time on the same day.Details of the conference call are as follows:US Dial-in (Toll Free): 877-545-0523International Dial-in: 973-528-0016United Kingdom Toll Free: 0800 520 0845Entry Code: 516160A live webcast of the earnings conference call can be accessed on the Jumia Investor Relations website: https://investor.jumia.com/An archived webcast will be available following the call.Please v
Significant reduction in losses and progress towards profitabilityUpdating guidanceBoth Operating and Adjusted EBITDA losses decreased by approximately 66% year-over-yearAdjusted EBITDA loss guidance for 2023 reduced to $90-100 million from $100-120 million previouslyLAGOS, NIGERIA / ACCESSWIRE / August 15, 2023 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today its financial results for the second quarter ended June 30, 2023.Results highlights for the second quarter 2023 For the three months ended June 30 As reported YoYChange Constant currency YoYChange In USD million, unless otherwise stated 2022 2023 2023 Quarterly Active Consumers (million) 3.4 2.4
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Jumia Technologies AG (NYSE:JMIA) is not making a lot of money. The company will release results for the second quarter before the opening bell on Tuesday, Aug. 6. Benchmark analyst Fawne Jiang initiated coverage of Jumia’s stock on July 9 with a Buy rating and a $14 price target. The African e-commerce company is poised to benefit from multi-year and potentially multi-decade e-commerce growth in the region. See Also: Jim Cramer Recommended This Bank A Month Before It Collapsed, An Example Of ‘His Reverse Midas Touch’ When asked about Adeia Inc. (NASDAQ:ADEA), he said, “I would actually put Trade, TTD, which was down very bad
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This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA PUT SWEEP BULLISH 07/12/24 $245.00 $25.0K 21.2K 108.6K JD CALL TRADE BEARISH 12/20/24 $25.00 $11
On Tuesday, major U.S. indices showed mixed results. The Dow Jones Industrial Average fell by 0.1% to 39,291.97, while the S&P 500 inched up almost 0.1% to 5,576.98. The Nasdaq saw a slight increase of 0.14%, closing at 18,429.29. These are the top stocks that gained the attention of retail traders and investors throughout the day: Nvidia Corporation (NASDAQ:NVDA) Nvidia saw a 2.48% increase, closing at $131.38. The stock’s intraday high was $133.82, with a low of $128.65. Its 52-week high and low are $140.76 and $39.23 respectively. The company is experiencing a surge in demand for AI and data centers, leading to a significant adjustment in its price target from $130 to $180, accor
Jumia Technologies AG – ADR (NYSE:JMIA) shares traded higher Tuesday after Benchmark analyst Fawne Jiang initiated coverage on the stock with a Buy rating and a $14 price target. The Details The Benchmark analyst saw the African e-commerce company poised to benefit from multi-year and potentially multi-decade e-commerce growth in the region and noted Africa's booming population which is expected to reach 2.5 billion by 2050, accounting for 26% of the world's population. Jiang highlighted the proliferation of smartphones and mobile internet services and the growing infrastructure investment from both private sectors and governments in Africa. By 2025, 60%+ of internet connections i
Shares of Helen of Troy Limited (NASDAQ:HELE) fell sharply during Tuesday's session after the company reported soft first-quarter earnings and lowered its FY25 guidance. Helen of Troy reported quarterly earnings of 99 cents per share which missed the analyst consensus estimate of $1.59. The company reported quarterly sales of $416.85 million which missed the analyst consensus estimate of $446.22 million, according to data from Benzinga Pro. Helen of Troy shares dipped 30.3% to $62.06 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Soligenix, Inc. (NASDAQ:SNGX) shares jumped 195% to $5.90 after the company announced interim results for extende
U.S. stocks were mixed, with the Dow Jones index falling around 100 points on Tuesday. Shares of NVIDIA Corporation (NASDAQ:NVDA) rose during Tuesday's session. Keybanc analyst John Vinh maintained NVIDIA with an Overweight and raised the price target from $130 to $180. NVIDIA shares gained 3.5% to $132.65 on Tuesday. Here are some other big stocks recording gains in today’s session. Kymera Therapeutics, Inc. (NASDAQ:KYMR) shares rose 21.7% to $38.91. Jumia Technologies AG (NYSE:JMIA) shares surged 20.7% to $10.22 after Benchmark initiated coverage on the stock with a Buy rating and $14 price target. Arlo Technologies, Inc. (NYSE:ARLO) shares gained 14.5% to $15.80 afte