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  • Jumia Reiterates Its Outlook For 2024: Aims To Further Reduce Its Cash Utilization, Projects Increase In Both Orders And GMV, Excluding Potential Impact Of Foreign Exchange

Jumia Reiterates Its Outlook For 2024: Aims To Further Reduce Its Cash Utilization, Projects Increase In Both Orders And GMV, Excluding Potential Impact Of Foreign Exchange

Benzinga ·  Nov 7 19:49

GUIDANCE

Jumia remains committed to reducing its losses and accelerating its progress towards cash efficiency and profitable growth.

The Company reiterates its outlook for 2024:

It aims to further reduce its cash utilization as compared to FY 2023.

Based on the positive impact of its growth strategy, Jumia projects an increase in both orders and GMV in 2024, excluding the potential impact of foreign exchange.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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