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
Portfolio Pulse from Benzinga Newsdesk
Jumia has reiterated its outlook for 2024, aiming to further reduce its cash utilization and projecting an increase in both orders and Gross Merchandise Volume (GMV), excluding potential impacts of foreign exchange.
August 06, 2024 | 10:33 am
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Jumia has reiterated its 2024 outlook, focusing on reducing cash utilization and projecting an increase in orders and GMV, excluding foreign exchange impacts.
Jumia's focus on reducing cash utilization and increasing orders and GMV is a positive signal for investors, indicating potential growth and improved financial health. The exclusion of foreign exchange impacts provides a clearer picture of operational performance.
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