D-Market Electronic Reported Q2 GMV Growth of 3.9% YoY to TRY 33.8B, Number of Orders Grew by 33.3% YoY to 36.7M, Active Customers Rose by 0.5% YoY to 12.1M
Portfolio Pulse from Benzinga Newsdesk
D-Market Electronic reported a 3.9% YoY growth in GMV to TRY 33.8B for Q2 2024, with a 33.3% increase in orders and a slight rise in active customers. Despite flat revenue, EBITDA improved significantly, but the company posted a loss of TRY 384.5M.
September 11, 2024 | 11:07 am
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D-Market Electronic (HEPS) reported a 3.9% YoY increase in GMV and a 33.3% rise in orders for Q2 2024. EBITDA improved by 45.7%, but the company posted a loss of TRY 384.5M, indicating financial challenges despite operational growth.
The increase in GMV and orders suggests operational growth, but the flat revenue and significant loss indicate financial challenges. The improved EBITDA is a positive sign, but the overall financial health remains a concern, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100