D-Market Electronic Reported Q1 GMV Growth of 42.5% YoY to TRY 36.3B, Number of Orders Grew by 21.7% YoY to 29.3M, Active Customers Rose by 1.4% YoY to 12.1M
Portfolio Pulse from Benzinga Newsdesk
D-Market Electronic reported significant growth in Q1 2024, with GMV increasing by 42.5% YoY to TRY 36.3 billion, revenue up by 45.0% YoY, and a notable improvement in EBITDA. The company also saw a rise in the number of orders, active customers, and free cash flow turning positive.
June 13, 2024 | 11:11 am
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D-Market Electronic (HEPS) reported strong Q1 2024 results with a 42.5% YoY increase in GMV, a 45.0% rise in revenue, and a significant improvement in EBITDA. The company also turned free cash flow positive and saw growth in orders and active customers.
The significant YoY growth in GMV, revenue, and EBITDA, along with positive free cash flow and increased customer metrics, are likely to positively impact HEPS stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100