The following is a summary of the D-Market Elektronik Hizmetler Ve Ticaret A.S. (HEPS) Q1 2024 Earnings Call Transcript:

Financial Performance:

• D-Market Elektronik reported solid Q1 2024 financials with significant growth in Gross Merchandise Value (GMV) and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).

• GMV growth was reported at 138% year-on-year, with an adjusted inflation growth of 43%.

• Gross contribution margin improved by 150 basis points to 12%, the highest since IPO.

• EBITDA rose by 120 basis points year-on-year to 2.4% of GMV, and adjusted for inflation improved by 70 basis points to 0.8%.

Business Progress:

• The company's loyalty program, Hepsiburada Premium, demonstrates growing satisfaction as indicated by a strong Net Promoter Score (NPS) and increased customer frequency.

• Hepsiburada has accelerated its differentiation through service offerings such as HepsiJet, which significantly increased its parcel delivery performance, including a next-day delivery ratio of 82% for retail orders.

• The inclusion of consumer finance loans and a Buy Now, Pay Later (BNPL) solution through Hepsipay, which saw significant utilization and tripled the total lending volume year-over-year.

Opportunities:

• HEPS's commercial business expects to continue strong growth, particularly highlighting expansions in loyalty programs, premium delivery services through HepsiJet, and financial services via Hepsipay to capture more of Turkey's $34 billion consumer loan market.

Risks:

• Cooling consumer demand hinted at in projections for Q2 2024 could represent a potential slowdown in growth trajectory, although the company has planned for this in its guidance.

More details: D-MARKET Electronic Services & Trading IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.