The following is a summary of the D-Market Elektronik Hizmetler Ve Ticaret A.S. (HEPS) Q4 2023 Earnings Call Transcript:

Financial Performance:

• D-Market Elektronik realised a double-digit real GMV growth of 31% in 2023, with the gross contribution margin reaching 10.6% - the highest level since 2018.

• The company's EBITDA as a percentage of GMV rose by 400 basis points to 1.8%, exceeding their planned guidance.

• For 2023, a free cash flow of nearly TRY3.9 billion was reported.

Business Progress:

• For 2024, D-Market has prioritised incremental revenues, higher-margin businesses, and higher profitability margins.

• They plan to expand Jet's flexible delivery and return capabilities and aim to make Hepsipay the leading fintech company in Turkey through strategic launches and partnerships.

• An important growth seen in eCommerce penetration offers a larger market share from turnkey eCommerce solutions like HepsiJet and fintech solutions.

• Despite possible macroeconomic challenges in the coming year, D-Market expects continued growth, particularly in B2B revenues through platforms like HepsiAd, HepsiJet, and Hepsipay.

More details: D-MARKET Electronic Services & Trading IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.