Asif Sattar's questions to D Market Elektronik Hizmetler ve Ticaret AS (HEPS) leadership • Q1 2024
Question
Private investor Asif Sattar asked about Hepsiburada's market share in Turkey, its performance versus Amazon, the expected GMV from the Jumia partnership, and its EBITDA margin on a U.S. GAAP basis.
Answer
Executive Helin Celikbilek stated that while Amazon's Turkish results aren't public, data suggests it remains a small player. She highlighted Hepsiburada's significant share gains in electronics and non-electronic categories. Regarding the Jumia partnership, she noted it's still in the building phase with a significant impact expected next year, not in the current year. CFO Seckin Koseoglu added that the company does not report its financials on a U.S. GAAP basis.