D-MARKET Electronic Services

D-MARKET Elektronik Hizmetler Tic. A.S. is a holding company, which owns and operates an online shopping website. It offers computers, mobile phones, home appliances, sports goods, clothing products, cosmetics, jewelries, books, game consoles, and furniture. The company was founded by Hanzade Dogan Boyner in 1998 and is headquartered in Istanbul, Turkey.

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HEPS reports robust Q4 performance, eyes sustained growth amidst challenges

HEPS delivered strong financial performance in Q4 2022, with significant GMV growth, customer base expansion, and improvements in key financial metrics.
The company's focus on strategic priorities, profitability, and customer engagement through initiatives like Hepsi Premium positions it well for future growth.
While facing challenges from regulatory impacts and competitive dynamics, HEPS has opportunities to leverage its strengths and drive sustainable growth in the e-commerce sector.

Hepsiburada surpasses EBITDA expectations, eyes strong Q2 growth

Hepsiburada's Q1 2023 performance showcased strong financial results, exceeding key metrics and signaling a return to pre-earthquake levels. The company's focus on profitability and operational efficiency is driving positive EBITDA growth. With guidance for Q2 indicating robust GMV growth and positive EBITDA, Hepsiburada is poised for continued success.

Hepsiburada doubles GMV, eyes sustainable growth amid fintech expansion

Hepsiburada's Q2 2023 performance reflects strong growth, operational efficiency improvements, and strategic initiatives driving market traction and profitability.
The company's focus on customer-centric solutions, expansion of services, and commitment to innovation position it well for sustained growth and market leadership.
While facing challenges of scaling and competition, Hepsiburada's solid performance and strategic direction offer opportunities for continued success and value creation.

Hepsiburada excels in Q3 amidst inflation challenges, eyes growth opportunities

Hepsiburada demonstrated resilience and growth in Q3 despite economic challenges, driven by strong GMV and order numbers.
Strategic initiatives in loyalty, cost management, and partnerships are fueling sustainable growth and profitability.
Challenges include managing costs in a high inflation environment and meeting EBITDA targets amidst economic uncertainties.
Opportunities exist in expanding premium programs, fintech partnerships, and enhancing delivery services for continued success.

Hepsiburada's Q4 2023 Earnings Exceed Expectations, Eyes Growth Strategies

Hepsiburada's Q4 2023 performance showcased robust growth, strong customer engagement, and improved financial metrics. The company's strategic priorities for 2024 include sustainable growth, loyalty program expansion, and profitability margin enhancement. Despite challenges, Hepsiburada remains focused on optimizing operations and driving growth.

Hepsiburada surpasses Q1 targets, eyes expansion and regulatory challenges

Hepsiburada's Q1 2024 performance exceeded expectations, with strong growth in key metrics. While facing regulatory challenges, the company is exploring new opportunities for expansion and market share growth.

Hepsiburada doubles GMV, eyes 70% growth in Q3 earnings

Hepsiburada's Q2 2024 earnings call highlighted stellar performance metrics, strong strategic initiatives, and a positive outlook for sustained growth. The company's focus on customer loyalty, innovative services, and financial discipline positions it well for future success. While facing challenges in a competitive landscape, Hepsiburada remains agile in pursuing opportunities for expansion and profitability.

Hepsiburada achieves positive operating income post-IPO, eyes strong growth

Hepsiburada's Q3 performance reflects positive financial trends and strong customer growth.
While facing challenges like ownership transition and competition, the company is poised for growth.
Opportunities lie in strategic partnerships, customer-centric initiatives, and service expansion.
Overall, Hepsiburada's focus on financial sustainability and customer experience bodes well for future success.

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D-MARKET Elektronik Hizmetler Tic. A.S. is a holding company, which engages in online shopping websites. It offers computers, mobile phones, home appliances, sports goods, clothing products, cosmetics, jewelries, books, game consoles, and furniture. The company was founded by Hanzade Dogan Boyner in 1998 and is headquartered in Istanbul, Turkey.

ISTANBUL, Sept. 11, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announces its unaudited financial results for the second quarter and the six months ended June 30, 2024.

Hepsiburada Announces Second Quarter 2024 Financial Results

ISTANBUL, Aug. 27, 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 second quarter ending June 30, 2024 before the U.S. market opens on Wednesday, September 11, 2024.

Hepsiburada to Announce Second Quarter 2024 Results on September 11, 2024

ISTANBUL, Aug. 09, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS) (the “Company”), a leading Turkish e-commerce platform, will hold its Ordinary General Assembly Meeting of Shareholders (the “General Assembly”) with respect to the financial year 2023, on Thursday, September 12, 2024 at 11:00 Istanbul time at the Company's headquarters at Kuştepe Mahallesi, Mecidiyeköy Yolu Caddesi, No:12 Trump Towers, Tower No:2 Şişli, İstanbul.

Hepsiburada Announces Ordinary General Assembly Meeting for Financial Year 2023

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ISTANBUL , July 23, 2024 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, has announced the partnership with Warner Bros. Discovery, extending the offering of a BluTV subscription, a Türkiye-based subscription video-on-demand service, as a privilege for Hepsiburada Premium members.

Hepsiburada Partners with Warner Bros. Discovery via BluTV Collaboration

ISTANBUL , July 4, 2024 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), announces the fifteen months results of the "Trade and Technology Empowerment for the Earthquake Region" program (the "Program") for the period from March 6, 2023 to May 31, 2024. Since the Program's launch in March 2023: The total number of active merchants operating in the earthquake region has reached over 8,200, with around 3,800 new businesses selling their products online through Hepsiburada.

Through the "Trade and Technology Empowerment for the Earthquake Region" program, Hepsiburada Contributed to a TRY 5,2 Billion Trade Volume in the Region in a Fifteen Month Period ended May 31, 2024

ISTANBUL , July 2, 2024 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, is advancing its logistics services with sustainable practices and innovative delivery methods. Hepsiburada's last-mile delivery service, HepsiJet has launched cargo distribution in select regions of Türkiye with 21 electric vans.

Hepsiburada's HepsiJet Introduces Electric Vehicles to Enhance Sustainable Last-Mile Delivery Services

HEPS reported strong Q1 results, highlighted by 45% revenue growth. The company is making progress toward sustainable profitability and positive free cash flow. We remain bullish on the stock.

Hepsiburada Stock: Blistering Growth And Good Value To Start Fiscal 2024

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS ) Q1 2024 Earnings Conference Call June 13, 2024 9:00 AM ET Company Participants Helin Celikbilek - Investor Relations Director Nilhan Onal Gokcetekin - Chief Executive Officer Seckin Koseoglu - Chief Financial Officer Conference Call Participants Muharrem Gulsever - Kona Capital Advisors Operator Ladies and gentlemen, thank you for standing by.

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Q1 2024 Earnings Call Transcript

ISTANBUL, Türkiye, June 13, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announces its unaudited financial results for the first quarter ended March 31, 2024.

Hepsiburada Announces First Quarter 2024 Financial Results

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.

Hepsiburada's Asset-Backed Security Issuance Oversubscribed Amid Strong Investor Demand

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 to Announce First Quarter 2024 Results on June 13, 2024

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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/sec-filings as well as on the SEC's website at http://www.sec.gov.

Hepsiburada Files Its 2023 Annual Report on Form 20-F

Hepsiburada's shares have declined significantly but show potential for recovery and profitability. Hepsiburada is Turkey's leading e-commerce platform with a wide range of products and a large customer base. I believe the company's growth prospects and competitive strengths outweigh Turkey's inflation crisis.

Hepsiburada: Profits In Sight

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D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Q4 2023 Earnings Call Transcript

ISTANBUL, Türkiye, March 25, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announces its unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Hepsiburada Announces Fourth Quarter and Full Year 2023 Financial Results

ISTANBUL, Türkiye, March 13, 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 fourth quarter and full year ending December 31, 2023 before the U.S. market opens on Monday, March 25, 2024.

Hepsiburada to Announce Fourth Quarter and Full Year 2023 Results on March 25, 2024

ISTANBUL , Feb. 27, 2024 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announced the appointment of Hakan Karadoğan to the role of Chief Executive Officer of Logistics, effective from March 25, 2024. Mr. Karadoğan will lead Hepsiburada's overall logistics operations, including warehousing, fulfillment, and last-mile delivery services for both on-platform and off-platform customers.

Hepsiburada Announces a Change within the Executive Management Team

ISTANBUL, Türkiye, Feb. 06, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), on the first year anniversary of the 7.8 magnitude earthquake that struck eleven cities in the southeast Türkiye on February 6, 2023, today announces the eleven months' results of its “Trade and Technology Empowerment for the Earthquake Region” program (the “Program”) for the period from March 6, 2023 to February 1, 2024.

Through the “Trade and Technology Empowerment for the Earthquake Region” Program, Hepsiburada Contributed to a TRY 3.5 Billion Trade Volume in the Region During the First Year After the Earthquake

ISTANBUL, Türkiye, Jan. 24, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announced a change to the composition of its Board of Directors.

Hepsiburada Announces Changes to its Board of Directors

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ISTANBUL, Türkiye, Jan. 03, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announced that M. Seçkin Köseoğlu has officially taken on the role of the Company's Chief Financial Officer (“CFO”), effective January 1, 2024. As previously announced on August 18, 2023, former CFO, Mr. Öz, will continue to hold his current board member positions in certain subsidiaries of the Company.

Hepsiburada's New CFO M. Seçkin Köseoğlu Takes Office Effective January 1, 2024

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Hepsiburada reported its Q3 earnings highlighted by solid growth and firming margins with positive guidance from management. The Turkish e-commerce leader is benefiting from an ongoing digitization of the economy, with customers purchasing on the platform with increasing frequency. Recognizing the risks of this small-cap emerging market stock, we are bullish and see significant upside potential for the stock going forward.

News for D-MARKET Electronic Services Stock (HEPS)