Hepsiburada reports Q2 EPS TRY 2.70 vs (TRY 2.40) last year

Reports Q2 revenue TRY 5.893M vs TRY 4.126M last year. Commenting on the results, Nilhan Onal Gokcetekin, CEO of Hepsiburada said: “We delivered a strong set of results, exceeding our financial guidance for the quarter despite the continued challenging macroeconomic environment. Our customer-centric approach in execution, compelling value proposition that includes high quality logistics services and attractive affordability solutions as well as continued cost optimization efforts have contributed to this solid performance. Accordingly, in the second quarter of 2023, we doubled our GMV growth year-on-year and recorded 2% EBITDA as a percentage of GMV, both unadjusted for inflation.”