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, a leading Turkish e-commerce platform (NASDAQ: HEPS), has released its 2023 Sustainability Report. As the first e-commerce platform in Türkiye to sign the UN Global Compact, Hepsiburada demonstrates its commitment to sustainability and green transformation. Key highlights include:
- Introduction of 21 electric vehicles in logistics operations, aiming for 50 by year-end
- Implementation of 'Multi-Vehicle Route Optimization' technology, reducing fuel-related carbon emissions
- Recycling of nearly 964,000 kg of packaging waste and use of 100% recyclable materials
- Support for over 50,000 women entrepreneurs through various programs
- Launch of 'Trade and Technology Power for the Earthquake Region' program to support SMEs and artisans
Hepsiburada aims to generate TRY 10 billion in sales from the earthquake region by 2025, supporting 120,000 jobs and impacting 500,000 lives. The company also increased its female manager ratio to 36% in 2023.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, announced its unaudited financial results for Q2 2024 and H1 2024.
Gross Merchandise Value (GMV) for Q2 2024 increased by 3.9% to TRY 33.8 billion, while revenue remained flat at TRY 10.1 billion. The number of orders rose 33.3% to 36.7 million. Active customers grew by 0.5% to 12.1 million. However, the company reported a loss of TRY 384.5 million compared to income of TRY 1,511.9 million in Q2 2023.
For H1 2024, GMV increased by 21.6% to TRY 73.1 billion, and revenue was up 20.5% to TRY 22.4 billion. EBITDA rose 151.4% to TRY 700.3 million. The company posted a loss of TRY 526.3 million compared to income of TRY 1,159.7 million in H1 2023. Free cash flow was positive at TRY 471.6 million.
Hepsiburada's Q3 2024 outlook anticipates GMV growth of 70%-75% YoY and an EBITDA around 2.2% of GMV.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has announced it will release its unaudited financial results for the second quarter of 2024 on September 11, 2024, before the U.S. market opens. The company will host an analyst and investor conference call and live webcast to discuss these results at 16:00 Istanbul / 14:00 London / 9:00 a.m. New York time on the same day.
Interested parties can access the live webcast through the provided link, and a replay will be available on Hepsiburada's Investor Relations website. The company's results presentation will also be accessible on the same website on September 11, 2024.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has announced its Ordinary General Assembly Meeting for the financial year 2023. The meeting is scheduled for September 12, 2024 at 11:00 Istanbul time at the company's headquarters. The agenda includes key items such as:
1. Discussion of annual report and financial statements
2. Release of Board members from their 2023 activities
3. Decision on profit distribution
4. Approval of new Board member appointments
5. Appointment of independent auditor for 2024
6. Authorization for commercial activities under Turkish Commercial Code
7. Approval of Class B share purchase and directors' insurance policy renewal
Shareholders, including ADS holders, can exercise their voting rights through the designated procedures. Explanatory notes and related materials will be available on the company's investor relations website from August 9, 2024.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has partnered with Warner Bros. Discovery to offer BluTV subscriptions to Hepsiburada Premium members. BluTV, acquired by Warner Bros. Discovery in December 2023, provides Turkish and international content. This collaboration aims to create growth opportunities for both Hepsiburada Premium and BluTV.
Hepsiburada CEO Nilhan Onal Gökçetekin expressed enthusiasm for the partnership, highlighting the potential for enriching the exclusive experience for Premium members. Jamie Cooke, GM CEE, Middle East & Turkey of Warner Bros. Discovery, emphasized their excitement to expand their presence in the Turkish market through this partnership.
As of May 31, 2024, Hepsiburada Premium has 2.6 million subscribers, offering benefits such as free delivery, cashback, and discounted services.
Hepsiburada, a leading Turkish e-commerce platform, announced the results of its 'Trade and Technology Empowerment for the Earthquake Region' program. Over a fifteen-month period ending May 31, 2024, the program generated a trade volume of TRY 5.2 billion. The number of active merchants in the earthquake region reached over 8,200, with around 3,800 new businesses joining. The trade volume saw a 50% increase in the last three months. Women entrepreneurs contributed approximately TRY 397 million to the trade volume. Hepsiburada also organized e-commerce training programs and social responsibility activities, benefiting children and university students in the affected areas.
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.
