Welcome to our dedicated page for D-Market Electronic Services & Trading news (Ticker: HEPS), a resource for investors and traders seeking the latest updates and insights on D-Market Electronic Services & Trading stock.
D-Market Electronic Services & Trading (HEPS) operates Turkey's leading technology-driven e-commerce platform through its Hepsiburada brand. This news hub provides investors and market observers with essential updates about the company's marketplace operations, financial performance, and strategic initiatives.
Access official press releases and curated analysis covering earnings reports, partnership announcements, product launches, and operational developments. Our repository helps stakeholders track key milestones in cross-border expansion, technological innovations, and evolving consumer trends in digital commerce.
All content is organized chronologically showcase the company's progress in maintaining its position as a key player in Turkey's e-commerce sector. Bookmark this page for convenient access to critical updates that shape understanding of HEPS's market trajectory.
Hepsiburada's logistics service, HepsiJet, has introduced 21 electric vans for cargo distribution in select regions of Turkey, aiming to enhance sustainability and efficiency in last-mile delivery. The electric vans are expected to reduce carbon emissions by 0.21 tons per 1,404 kilometers traveled per vehicle each month. HepsiJet operates nearly 3,500 vehicles and plans to expand its electric fleet to 50 by the end of 2024. The initiative, led by CEO Hakan Karadoğan, aims to create an eco-friendly logistics network and meet the company's sustainability goals. The vans have started operations in major cities like Istanbul, Ankara, Izmir, Muğla, and Antalya.
Hepsiburada, a leading Turkish e-commerce platform, announced its unaudited financial results for Q1 2024. The company recorded a 42.5% increase in GMV to TRY 36.3 billion and a 45.0% rise in revenue to TRY 11,309.6 million compared to Q1 2023. The number of orders grew by 21.7% to 29.3 million and active customers increased by 1.4% to 12.1 million. EBITDA improved significantly to TRY 289.4 million from TRY 12.2 million in Q1 2023. Net loss reduced to TRY 130.7 million from TRY 324.9 million, while free cash flow turned positive at TRY 1,029.6 million. CEO Nilhan Onal Gökçetekin highlighted strategic priorities and cost management as key factors for this robust performance. The company anticipates a 75% GMV growth in Q2 2024.
D-MARKET Electronic Services & Trading, operating as Hepsiburada (NASDAQ: HEPS), successfully issued its first asset-backed security (ABS) worth 150 million TRY on June 5, 2024. This issuance is part of a 2 billion TRY limit approved by the Capital Markets Board to PASHA Yatırım Bank Hepsiburada Asset Finance Fund. PASHA Bank facilitated the issuance through Türkiye's first digital ABS platform.
The ABS includes four tranches with maximum maturities of 147 days and interest rates ranging between 54% and 57%. Funds from this issuance will support the growth of Hepsiburada's Buy Now Pay Later (BNPL) business and reduce its working capital impact. The offering was oversubscribed, ending the marketing period early, and attracting major asset management companies, pension funds, and high-net-worth individuals.
Hepsiburada, a leading Turkish e-commerce platform listed on NASDAQ under the ticker 'HEPS', will release its unaudited financial results for the first quarter of 2024 on June 13, 2024. The results cover the period ending March 31, 2024. A conference call and live webcast are scheduled for the same day at 16:00 Istanbul time, 14:00 London time, and 9:00 a.m. New York time. The live webcast can be accessed online, and a replay will be available on the company's Investor Relations website following the call. Additionally, the results presentation will be made available on the Investor Relations website on the same day.
D-MARKET Electronic Services & Trading, known as Hepsiburada, a major Turkish e-commerce platform, has submitted its 2023 annual report on Form 20-F to the SEC. The report includes audited financial statements and is available on Hepsiburada's and SEC's websites.
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