Jumia Strengthens Liquidity Amid Challenging Q3 2024
Company Announcements

Jumia Strengthens Liquidity Amid Challenging Q3 2024

Jumia Technologies AG (JMIA) has released an update.

Jumia Technologies AG reported a challenging third quarter in 2024 with a revenue decline of 13% year-over-year, though the company saw a 9% rise in constant currency terms. Despite a 17% reduction in loss before income tax, Jumia strengthened its liquidity position significantly, buoyed by strategic operational changes and a recent capital raise, positioning itself for future growth across promising markets.

For further insights into JMIA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyHepsiburada, Jumia join forces to unlock broader product selection
TheFlyJumia Technologies, Hepsiburada enter commercial partnership
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App