Jumia Technologies AG (JMIA) Reports Strong Q1 2024 Performance and Growth Strategy Progress
Tuesday, 7 May 2024, 15:00
Jumia Technologies AG (JMIA) Earnings Call Highlights
Jumia Technologies AG reported a successful first quarter in 2024, with key financial metrics showing improvement.
Key Financial Metrics:
- GMV increased to $181.5 million, up 5% year over year.
- Revenue reached $48.9 million, up 19% year over year.
- AOV expanded by 3% year over year to $39.6.
Jumia's growth strategy focuses on strengthening core business, improving cash efficiency, and building strong operating fundamentals.
The company's efforts to streamline operations, reduce costs, and expand product offerings are driving positive results despite challenging market conditions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.