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, known as Hepsiburada and listed on NASDAQ under the symbol HEPS, regularly publishes detailed updates on its e-commerce operations in Türkiye. This news page aggregates company-issued press releases and other coverage so readers can follow how the Hepsiburada platform, its marketplace and its integrated services are evolving over time.
Hepsiburada’s news flow centers on quarterly and annual financial results, where the company reports gross merchandise value (GMV), revenue by category, marketplace GMV share, active customers, order frequency, EBITDA, net income or loss and free cash flow. These releases also explain how figures are restated under IAS 29 for hyperinflationary economies and provide non-IFRS metrics alongside reconciliations to IFRS measures.
Beyond earnings, HEPS news includes announcements about general assembly meetings, share capital increases, bond issuances at its indirect subsidiary Hepsifinans and other corporate actions. The company also uses news releases to describe developments in its logistics arm HepsiJet, its fintech platform Hepsipay, and changes in definitions of key operating metrics such as orders and active customers.
Hepsiburada frequently highlights ESG and social initiatives in its news, including progress in the Technology Empowerment for Women Entrepreneurs (TEWE) program, support for women’s cooperatives, projects in earthquake-affected regions and sponsorships tied to charitable activities. Updates on sustainability reporting and ESG strategy are also communicated through press releases.
Investors and observers can use this HEPS news feed to track operational trends in the company’s e-commerce, logistics and fintech activities, understand the impact of macroeconomic conditions and hyperinflation accounting on reported results, and monitor governance decisions taken at shareholder meetings.
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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