Maksim Nekrasov's questions to D Market Elektronik Hizmetler ve Ticaret AS (HEPS) leadership • Q1 2024
Question
Maksim Nekrasov of Citigroup inquired about which categories are experiencing a higher slowdown from Q2 2024, whether consumers are trading down, and when the company expects to begin booking tax expenses.
Answer
Executive Helin Celikbilek identified a slowdown in endurables, particularly computers and TVs, noting that consumers are trading down and deferring demand rather than decreasing shopping frequency. CFO Seckin Koseoglu addressed the tax question, stating the company does not expect to pay corporate taxes in 2024 due to R&D incentives and will likely start paying taxes in 2026.