JMIA - Jumia Technologies Delivers Proof Positive Of Its Strategic Evolution
2024-02-20 23:52:33 ET
Summary
- Jumia Technologies delivered strong Q4 2023 results, confirming the company's turnaround and sustainable growth.
- CEO Francis Dufay highlighted the deliberate efforts behind Jumia's sustained performance and the shift towards sustainable growth.
- Jumia provided broad and open guidance for the future, aiming to reduce losses, increase orders and GMV, and improve cash efficiency.
In Q3, Jumia Technologies AG ( JMIA ) delivered a milestone quarter which confirmed the company’s turnaround and newfound momentum. In Q4, JMIA delivered proof positive that its strategy is working and sustainable. For this latest interview, I talked to CEO Francis Dufay about strategic achievements highlighting key milestones for investors, plans for targeted improvements and growth targets, managing liquidity, the impact of a tax provision, the introduction of Buy Now, Pay Later options, the ongoing reduction in consumer incentives, navigating Nigeria’s currency devaluation, and an update on the Starlink partnership. We even discussed the company’s plans for reporting on executive ownership in company stock....
Jumia Technologies Delivers Proof Positive Of Its Strategic Evolution