JMIA - CEO Insights: Jumia Technologies' Strategy For Efficient Growth Continues To Deliver

2024-05-12 02:38:52 ET

Summary

• Jumia Technologies AG's stock has experienced volatility but its prospects remain unchanged. In this interview, CEO Francis Dufay describes strong operational improvements and revenue growth.
• Jumia maintains sufficient funding and a healthy balance sheet and sees positive economic trends in its key markets.
• JumiaPay continues to expand and increase adoption rates, while pickup stations and cost reduction efforts contribute to efficiency gains.
• I continue to rate the stock a strong buy as the company promises to continue to delivering improvements over time.

Introduction

Jumia Technologies AG ( JMIA ) has experienced quite the roller coaster since I last interviewed CEO Francis Dufay about the company’s earnings . Over this short time, the stock nearly doubled, gave up all those gains and then some, and then rallied again into the latest earnings report . After an initial 17.9% post-earnings boost, JMIA is stretching toward its previous post-earnings high....

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