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.

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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, Türkiye, Nov. 24, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform, will report its third quarter 2023 results on December 5, 2023. Hepsiburada also announces today the incorporation of Hepsiburada Global B.V.

Hepsiburada to Announce its Third Quarter 2023 Results on December 5, 2023 and Announces Incorporation of Hepsiburada Global B.V.

ISTANBUL, Turkey, Oct. 27, 2023 (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 a Change to the Board of Directors

ISTANBUL, Turkey, Oct. 24, 2023 (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 the finalization of the class actions and changes to its executive management team.

Hepsiburada Announces Finalization of Class Actions and Changes to the Executive Management Team

Hepsipay, in partnership with Visa, expands beyond the Hepsiburada platform Hepsipay announced a five-year agreement with Visa, a world leader in digital payments, for its prepaid cards. With this partnership, Hepsipay cards will bear the Visa logo and will be accepted at any point of sale outside the Hepsiburada platform.

Hepsipay Card, in partnership with Visa, can now be used worldwide for all purchases

ISTANBUL, Türkiye, Oct. 06, 2023 (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 the Board of Directors' decision to make certain changes to the composition of its Audit Committee and Corporate Governance Committee.

Hepsiburada Announces Changes to its Board Committees' Composition

ISTANBUL , Oct. 5, 2023 /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 six months results of the "Trade and Technology Empowerment for the Earthquake Region" program for the period from March 6, 2023 to September 30, 2023.   Since the program's launch in March 2023: The total number of active merchants operating in the earthquake region has reached 15,000, with 1,700 new businesses selling their products online through Hepsiburada.

Through "Trade and Technology Empowerment for the Earthquake Region" program, Hepsiburada Contributed to a TRY 1.9 Billion Trade Volume in the Region

ISTANBUL , Oct. 2, 2023 /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 that Hepsiburada CEO Nilhan Onal Gökçetekin has been recognized on the 2023 Heroes Women Role Model 100 Executive List presented by INvolve. The Heroes Women Role Model Lists is compiled annually by London-based consultancy INvolve to support leaders who are building more successful organisations through diversity and inclusion.

Hepsiburada CEO Recognized for Driving Change for Gender Diversity in 2023 Heroes Role Model List

ISTANBUL, Sept. 28, 2023 (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 the Company has signed a contribution agreement (the “Contribution Agreement”) with TurkCommerce B.V. (“TurkCommerce”) pursuant to which the Company has agreed to purchase 4,615,384 Class B ordinary shares of the Company from TurkCommerce against payment of USD 5,732,306.93 (the “Share Purchase Price”), corresponding to a purchase price per share of USD 1.242 (the “Transaction”).

Hepsiburada Announces the Purchase of 4,615,384 Class B Ordinary Shares of the Company from TurkCommerce

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS ) Q2 2023 Earnings Conference Call August 24, 2023 9:00 AM ET Company Participants Helin Celikbilek - IR Director Nilhan Onal Gökçetekin - CEO Korhan Öz - CFO Conference Call Participants Kilickiran Hanzade - JPMorgan Operator Ladies and gentlemen, thank you for standing by.

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Q2 2023 Earnings Call Transcript

ISTANBUL, Türkiye, Aug. 24, 2023 (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 ended June 30, 2023.

Hepsiburada Announces Second Quarter 2023 Financial Results

ISTANBUL, Türkiye, Aug. 18, 2023 (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 H. Korhan Öz has decided to step down from his position as Chief Financial Officer (“CFO”) of the Company, effective December 31, 2023, to pursue other business interests. M. Seçkin Köseoğlu has been appointed as the new CFO of the Company, effective January 1, 2024. Mr. Öz will remain with the Company to facilitate a smooth transition and a comprehensive handover of his duties, until December 31, 2023. Mr. Öz will continue to hold his current board positions in certain subsidiaries of the Company.

Hepsiburada Names M. Seçkin Köseoğlu as New CFO Effective January 1, 2024

D-Market Elektronik Hizmetler ve Ticaret A.S. operates a consumer e-commerce website, logistics and payment service in Turkey. The company has felt the negative effects of hyperinflation and the recent major earthquake in Turkey. While various demand metrics appear to be normalizing, the continued fall of the Turkish Lira against the US dollar is a constant concern.

D-Market Sees GMV Growth, But Difficult Macro Conditions Remain

ISTANBUL, Turkey, July 27, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS) (the “Company”), a leading Turkish e-commerce platform, will hold its 2022 Annual General Assembly on Friday, August 25, 2023 at 11:00 İstanbul time at the Company's headquarters at Kuştepe Mahallesi, Mecidiyeköy Yolu Caddesi, No:12 Trump Towers Kule:2 Şişli, İstanbul.

Hepsiburada Announces 2022 Annual General Assembly

ISTANBUL , July 3, 2023 /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 first quarterly results of the "Trade and Technology Empowerment for the Earthquake" program for the period from March 6 to June 16, 2023.   To provide the earliest possible relief to the affected areas, Hepsiburada immediately took several actions including dispatching aid and mobilizing 1,500 employees to help the region struck by the earthquakes on February 6, 2023 and after.

Hepsiburada Shares 3-Month Results of Its "Trade and Technology Empowerment for the Earthquake Region" Program

ISTANBUL, Türkiye, June 20, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (the “Company”) (NASDAQ: HEPS), a leading Turkish e-commerce platform, today announced that, on June 14, 2023, at the recommendation of the audit committee, the Company's Board of Directors appointed PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (“PwC”) as its independent registered public accounting firm for the audit of the consolidated financial statements of the Company with respect to the financial year of 2023, subject to approval by the general assembly of shareholders of the Company in accordance with the Turkish Commercial Code. The Company's agreement with Guney Bagimsiz Denetim Ve Serbest Muhasebeci Mali Musavirlik A.S. with respect to the audit of the consolidated financial statements of the Company for the financial year of 2022 is scheduled to expire in the ordinary course at the date of the next general assembly of shareholders of the Company to be held in 2023.

Hepsiburada Announces Independent Auditor Appointment

The ecommerce specialist was the target of an analyst recommendation upgrade. That prognosticator represents a well-known and influential bank, too.

Why Hepsiburada Stock Was Skyrocketing This Week

D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS ) Q1 2023 Earnings Conference Call May 25, 2023 9:00 AM ET Company Participants Helin Celikbilek - Investor Relations Director Nilhan Onal Gökçetekin - CEO Korhan Öz - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by.

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Q1 2023 Earnings Call Transcript

ISTANBUL, Türkiye, May 25, 2023 (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, 2023.

Hepsiburada Announces First Quarter 2023 Financial Results

ISTANBUL, Türkiye, May 23, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform, today released its 2022 Sustainability Report. Certified by the Global Reporting Initiative, the report is a first in the e-commerce sector in Türkiye.

Hepsiburada Releases 2022 Sustainability Report

D-MARKET Electronic Services & Trading Unsponsored ADR (HEPS) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Despite Fast-paced Momentum, D-MARKET Electronic Services & Trading Unsponsored ADR (HEPS) Is Still a Bargain Stock

NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Kaplan Fox & Kilsheimer LLP and Robbins Geller Rudman & Dowd LLP regarding the Hepsiburada Securities Litigation: UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK X   IWA-FOREST INDUSTRY PENSION PLAN, Individually and on Behalf of All Others Similarly Situated,   Plaintiff,   v.   D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM ŞIRKETI a/k/a D-MARKET ELECTRONIC SERVICES & TRADING d/b/a/ HEPSIBURADA, MEHM.

Kaplan Fox & Kilsheimer LLP and Robbins Geller Rudman & Dowd LLP Announce Proposed Settlement in the Hepsiburada Securities Litigation

ISTANBUL, Turkey, May 15, 2023 (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, 2023 before the U.S. market opens on Thursday, May 25, 2023.

Hepsiburada to Announce First Quarter 2023 Results on May 25, 2023

Hepsiburada's subscription service offers outstanding value to customers while driving retention and efficiency for the company ISTANBUL , May 4, 2023 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, today announces that Hepsiburada Premium, the platform's paid subscription service, has passed 1 million subscribers in less than a year after its launch in July 2022. Outstanding customer value Hepsiburada Premium is priced at 14.90TRY (around 0.75USD) per month.

Hepsiburada Premium hits 1m subscribers in less than a year since launch

ISTANBUL, Türkiye, May 01, 2023 (GLOBE NEWSWIRE) -- 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, 2022 with the Securities and Exchange Commission (the “SEC”) on May 1, 2023. 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 2022 Annual Report on Form 20-F

D-MARKET Electronic Services & Trading Unsponsored ADR (HEPS) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

News for D-MARKET Electronic Services Stock (HEPS)