D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Q2 2023 Earnings Conference Call August 24, 2023 9:00 AM ET

Company Participants

Helin Celikbilek - IR Director

Nilhan Onal Gökçetekin - CEO

Korhan Öz - CFO

Conference Call Participants

Kilickiran Hanzade - JPMorgan

Operator

Ladies and gentlemen, thank you for standing by. I am Geli, your Chorus Call operator. Welcome, and thank you for joining the Hepsiburada Conference Call and Live Webcast to present and discuss the Second Quarter 2023 Financial Results. [Operator Instructions]

At this time, I would like to turn the conference over to Ms. Nilhan Gökçetekin, CEO; Mr. Korhan Öz, CFO; and Ms. Helin Celikbilek, Investor Relations Director.

Ms. Helin Celikbilek, you may now proceed.

Helin Celikbilek

Thanks, operator. Thank you for joining us today for Hepsiburada's second quarter 2023 earnings call. I'm pleased to be joined on the call today by our CEO, Nilhan Onal Gökçetekin; and our CFO, Korhan Öz.

The following discussion, including responses to your questions, reflects management's views as of today's date only. We undertake no obligation to update or revise this information except as required by law. Certain statements made on today's call are forward-looking statements, and actual results may differ materially from these forward-looking statements. Please refer to today's earnings release as well as the risk factors described in the safe harbor slide of today's supplemental slide deck, today's press release, the 6-K, our Form 20-F filed with the SEC on May 1, 2023 and other SEC filings for information on factors that could cause our actual results to differ materially from these forward-looking statements.

Also, we will reference certain non-IFRS measures during today's call. Please refer to the appendix of our supplemental slide deck as well as today's press release for a presentation of the most directly comparable IFRS measure and the relevant IFRS to non-IFRS conciliation. As a reminder, a replay of this call will be available on our Investor Relations website.

With that, I will hand it over to our CEO, Nilhan.

Nilhan Onal Gökçetekin

Thank you, Helin. Welcome, everyone, and thank you so much for joining us. I'm really pleased to be with you today and to present our quarterly progress.

In a quarter of continued tough macroeconomic conditions and uncertainties throughout the election process, we doubled our GMV year-over-year and improved our profitability margin. Our robust performance exceeded our quarterly guidance, thanks to our operational agility. It's figuring 27.5 million orders on a 94.6% rise over Q2 '22 resulted in strong GMV growth. This was achieved through our attractive customer and merchant value proposition and compelling services.