ISTANBUL, June 12, 2024 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, announced the successful issuance of its first asset-backed security (ABS) amounting to 150 million TRY. This issuance is part of the 2 billion TRY limit approved by the Capital Markets Board to PASHA Yatırım Bank Hepsiburada Asset Finance Fund. PASHA Bank, a pioneer in ABS issuances, recently launched Türkiye's first digital platform to merge its ABS ex ...

ISTANBUL, Türkiye, May 30, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the first quarter ending March 31, 2024 before the U.S. market opens on Thursday, June 13, 2024. Conference Call and Webcast Details Hepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.0 ...

ISTANBUL, Türkiye, May 30, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the first quarter ending March 31, 2024 before the U.S. market opens on Thursday, June 13, 2024. Hepsiburada's results presentation will be available on the Hepsiburada Investor Relations website https://investors.hepsiburada.com on June 13, 2024. About Hepsiburada Hepsiburada is a leading e-com ...

ISTANBUL, April 30, 2024 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 30, 2024. The annual report on Form 20-F can be accessed under the SEC Filings section on Hepsiburada's investor relations website at https://investors.hepsiburada.com/en/financials ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Date of Report: April 30, 2024 Commission File Number: 001-40553 D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi (Exact Name of registrant as specified in its charter) D-MARKET Electronic Services & Trading (Translation of Registrant's Name into English) Kuştepe Mahallesi Mecidiyeköy Yolu Cadde no: 12 Kule 2 K2 Ista ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 1 ...

Alistair Berg Investment Thesis Shares of Hepsiburada (NASDAQ:HEPS) have had a volatile ride, opening at $13 since inception and is now trading at around $1.50, a significant decline. Despite the market's pessimism around Turkey's economy and inflationary pressures, I believe the stock is a bargain because of the company's demonstrated resilience against the challenging macroeconomic backdrop of Turkey. Operating losses have narrowed from a trough of $294 million in December 2021 to $24.5 million in Dec ...

Financial Data and Key Metrics Changes - In Q3, the company achieved a GMV growth of 126% year-on-year, with an adjusted growth of 45% when accounting for inflation [22][70] - The EBITDA as a percentage of GMV rose by 690 basis points year-on-year to 2.7%, while adjusted for one-time income, it was at 2.2% [23][71] - The gross contribution margin improved to 11.6%, reflecting a 1.8 percentage point increase compared to the same quarter last year [43][72] Business Line Data and Key Metrics Changes - The retail revenue increased by 50% and marketplace revenue grew by 61%, contributing to a total revenue growth of around 52% [72] - The share of total non-card affordability solutions in GMV rose to 5.6%, up from 5% in the previous quarter [35] - Hepsipay issued 708,000 prepaid cards in six months, indicating strong demand for this product [10] Market Data and Key Metrics Changes - The company reported a significant increase in order frequency, with a 59% growth in order frequency and a 55% increase in order volume [32][59] - The HepsiJet service achieved an 82% next-day delivery ratio among 1P orders, confirming its importance in the delivery ecosystem [65] Company Strategy and Development Direction - The company focuses on a four-pillar strategy: loyalty, sustainable differentiation, cost streamlining, and expanding B2B revenue in fintech and logistics [33] - The Hepsiburada Premium program has over 2 million members, significantly influencing customer behavior and retention [62] - The company is committed to enhancing its advertising platform and expanding its non-electronics product mix to drive future growth [54] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment, with inflation reaching 61.5%, but emphasized the company's robust performance [22] - The company expects GMV growth in Q4 to be between 93% to 95% compared to the same period last year, with an EBITDA margin of 0.5% to 1% [40] - Management expressed confidence in the sustainability of profitable growth despite potential consumer demand impacts from interest rate hikes [53] Other Important Information - The company reported a free cash flow of TRY 2 billion in Q3 2023, reflecting a significant improvement in operating profitability [74] - The Hepsipay wallet allows customers to use loans from partner banks for payments, enhancing the payment experience [63] Q&A Session Summary Question: What drives growth deceleration in Q4 2023 compared to Q3 2023? - Management indicated that the strong base in Q4 '22 and the VAT change in Q3 are key factors for expected deceleration [49] Question: Could you provide color on September sales and how the Legendary November event was relative to your expectations? - Management confirmed that the November campaign met expectations, driven by increased uptake from Premium consumers and strong performance in non-electronic categories [51][78] Question: What is the outlook for EBITDA margin in 2024? - Management stated that they are focused on sustainable profitability rather than a specific margin target for 2024 [82] Question: Can you provide an update on the recent competition authority investigation? - Management shared that they are cooperating with the investigation regarding price recommendations and are confident about the potential outcomes [96]

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Q2 2023 Earnings Conference Call August 24, 2023 9:00 AM ET Conference Call Participants Ladies and gentlemen, thank you for standing by. I am Geli, your Chorus Call operator. Welcome, and thank you for joining the Hepsiburada Conference Call and Live Webcast to present and discuss the Second Quarter 2023 Financial Results. [Operator Instructions] Thanks, operator. Thank you for joining us today for Hepsiburada's second quarter 2023 earnings call. ...

NOTES START FROM HERE AND GROW UP GMV: Solid Operational KPIs.. …resulting in strong GMV growth 1P GMV 3P GMV (TRY Billion) 36.0% 64.0% Q2'22 32.9% 67.1% Q2'23 13.3 19.0 +43% 40.7% 59.3% Q2'22 41.3% 58.7% Q2'23 13.3 19.0 Non-Electronics GMV Electronics GMV (TRY Billion) Number of Orders (million) Q2'22 Q2'23 Active Customers (million)(1) 11.7 12.0 Frequency(2) 5.2 8.1 Active Merchants (thousands)(3) 88.7 101.3 Number of SKUs (million)(4) 130.3 194.7 14.1 27.5 Q2'22 Q2'23 95% 20% excl. digital products See " ...