Hepsiburada reports Q3 EPS (TRY0.96 vs. (TRY0.88) last year

Reports Q3 revenue TRY12.24B vs. TRY12.04B last year. CEO Nilhan Onal Gokcetekin said: “Our Q3 performance once again confirms our commitment to sustainable growth and improved profitability. Working towards our strategic priorities, we have delivered another solid set of results, meeting our quarterly financial guidance. Adjusted for inflation, our GMV growth in Q3 2024 came in at 10.3%, with EBITDA as a percentage of GMV at 1.2%, up by 0.9 percentage points compared to the same period last year. Moreover, we marked a milestone in our Q3 2024 results by recording positive quarterly operating income for the first time since our IPO. As Turkiye’s most recommended e-commerce brand, we once again scored an NPS of 75…Our expectations for Q4 reflect the ongoing challenging macroeconomic conditions. Despite continued pressure on consumer purchasing power, we anticipate sustained top-line growth and margin expansion through diligent execution of our strong fundamentals. Accordingly, in Q4 2024, we forecast GMV growth within the range of 50%-55% compared to the same quarter of 2023 and an EBITDA as a percentage of GMV within the range of 1.8% to 2.0%. These figures are unadjusted for inflation”.