D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS) Q1 2023 Earnings Conference Call May 25, 2023 9:00 AM ET

Company Participants

Helin Celikbilek - Investor Relations Director

Nilhan Onal Gökçetekin - CEO

Korhan Öz - CFO

Conference Call Participants

Operator

Ladies and gentlemen, thank you for standing by. I am Mia your Chorus Call operator. Welcome, and thank you for joining the Hepsiburada Conference Call and Live Webcast to present and discuss the First Quarter 2023 Financial Results.

At this time, I would like to turn the conference over to Ms. Nilhan Onal Gökçetekin, CEO; Mr. Korhan Öz, CFO; and Ms. Helin Celikbilek, IR Director. Ms. Celikbilek, you may now proceed.

Helin Celikbilek

Thanks, operator. Thank you for joining us today for Hepsiburada's first 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 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 reconciliations. 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 pleased to be with you on my second results announcement call today and present you of our progress during the first quarter.

The obvious highlight of this quarter that I'm particularly proud of is our guidance beat in EBITDA as well as in - growth. This EBITDA level marked the highest since our IPO in July 21. It's worth noting here that we achieved this despite the unfortunate range of challenges fed by Turkey. In particular, the February earthquake was the largest [indiscernible] for Turkey in over 8 years.