D-Market Electronic Reported Q4 Order Growth of 1.7%, Gross Merchandise Value Growth of 25.4%, Active Customers of 11.9M
Portfolio Pulse from Benzinga Newsdesk
D-Market Electronic reported a Q4 order growth of 1.7%, a GMV increase of 25.4% to TRY 40.1 billion, and a revenue rise of 29.5% to TRY 11.8 billion. Active customers slightly decreased to 11.9 million from 12.2 million. The company saw a significant improvement in EBITDA, turning positive to TRY 129.1 million from a negative TRY 415.1 million in Q4 2022. Net loss narrowed to TRY 644.1 million from TRY 912.4 million, and free cash flow increased to TRY 2.8 billion.
March 25, 2024 | 10:36 am
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D-Market Electronic reported significant Q4 financial improvements, including a 25.4% GMV increase, a 29.5% revenue rise, and a positive EBITDA turnaround. The company's net loss narrowed, and free cash flow increased substantially.
The reported financial improvements, including growth in GMV, revenue, and a positive EBITDA, indicate a strong performance that could positively impact investor sentiment and stock price in the short term. The narrowing of net loss and increase in free cash flow further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100