Overview
D-MARKET, which does business as Hepsiburada, reported Q2 revenue at 16,743.8 mln lira $(TRY.UK)$
Company reports Q2 net loss of TRY 723.8 mln, up from last year
EBITDA grows 41.6% to TRY 739.5 mln, reflecting operational improvements
Outlook
Hepsiburada aims to drive sustainable growth and improve margins
Company remains focused on strengthening business fundamentals
Result Drivers
REVENUE GROWTH - Revenue increased by 22.6% driven by a 25.2% rise in direct sales and 24.9% increase in delivery service revenue
CONSUMER DEMAND RECOVERY - Gradual recovery in consumer demand contributed to 11.9% GMV growth
HIGHER EXPENSES - Net loss impacted by increased provision expenses and financial costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | TRY 16.74 bln | ||
Q2 Net Income | -TRY 723.80 mln | ||
Q2 EBITDA | TRY 739.50 mln | ||
Q2 Free Cash Flow | TRY 3.41 bln | ||
Q2 GMV | TRY 51.10 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the department stores peer group is "buy"
Wall Street's median 12-month price target for D Market Elektronik Hizmetler ve Ticaret AS is $3.80, about 33.9% above its July 30 closing price of $2.51
The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 36 three months ago
Press Release: ID:nGNX58FL92
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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