D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers HepsiExpress, an app-in-app initiative and on-demand delivery service that delivers groceries, water, and flowers; HepsiJet that provides last- mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, a pick-up and drop-off point; HepsiAd that provides advertising service and data driven insights; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and HepsiFly for buying airline tickets online. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey.
IPO Year: 2021
Exchange: NASDAQ
Website: https://www.hepsiburada.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/14/2023 | $0.90 → $2.00 | Neutral → Buy | Citigroup |
Citigroup upgraded Hepsiburada from Neutral to Buy and set a new price target of $2.00 from $0.90 previously
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
ISTANBUL, Nov. 19, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the third quarter ending September 30, 2024 before the U.S. market opens on Tuesday, December 10, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 13.00 London / 8.00 a.m. New York time on Tuesday, December 10, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada241210.html. A replay will be available on the
ISTANBUL, Aug. 27, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the second quarter ending June 30, 2024 before the U.S. market opens on Wednesday, September 11, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Wednesday, September 11, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada240911.html. A replay will be available on th
ISTANBUL, Türkiye, June 13, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announces its unaudited financial results for the first quarter ended March 31, 2024. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies ("IAS 29"), the financial statements of entities whose functional currency is that of a hyperinflationary economy must be adjusted for the effects of changes in a general price index. Turkish companies reporting under International Financi
ISTANBUL, Türkiye, May 30, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the first quarter ending March 31, 2024 before the U.S. market opens on Thursday, June 13, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Thursday, June 13, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada240613.html. A replay will be available on the He
ISTANBUL, Türkiye, March 13, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the fourth quarter and full year ending December 31, 2023 before the U.S. market opens on Monday, March 25, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 13.00 London / 9.00 a.m. New York time on Monday, March 25, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada240325.html. A replay wil
ISTANBUL, Türkiye, Dec. 05, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announces its unaudited financial results for the third quarter ended September 30, 2023. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies ("IAS 29"), the financial statements of entities whose functional currency is that of a hyperinflationary economy must be adjusted for the effects of changes in a general price index. Turkish companies repor
ISTANBUL, Türkiye, Nov. 24, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its third quarter 2023 results on December 5, 2023. Hepsiburada also announces today the incorporation of Hepsiburada Global B.V. Hepsiburada to Announce its Third Quarter 2023 Results on December 5, 2023 Hepsiburada will report its unaudited financial results for the third quarter ending September 30, 2023 before the U.S. market opens on Tuesday, December 5, 2023. Conference Call and Webcast Details Hepsiburada's management will host an analyst and investor conference call and live webcast to discuss
ISTANBUL,Türkiye, Aug. 10, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the second quarter ending June 30, 2023 before the U.S. market opens on Thursday, August 24, 2023. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Thursday, August 24, 2023. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada230824.html. A replay will be available on the Heps
ISTANBUL, Turkey, May 15, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the first quarter ending March 31, 2023 before the U.S. market opens on Thursday, May 25, 2023. Conference Call and Webcast Details Hepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Thursday, May 25, 2023. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada230525.html. A replay will be availa
ISTANBUL, Türkiye, March 08, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the fourth quarter and full year ending December 31, 2022 before the U.S. market opens on Wednesday, March 22, 2023. Conference Call and Webcast DetailsThe Company's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 13.00 London / 9.00 a.m. New York time on Wednesday, March 22, 2023. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada230322.html A replay will
SC 13G/A - D-MARKET Electronic Services & Trading (0001850235) (Subject)
SC 13G/A - D-MARKET Electronic Services & Trading (0001850235) (Subject)
SC 13G - D-MARKET Electronic Services & Trading (0001850235) (Subject)
SC 13G - D-MARKET Electronic Services & Trading (0001850235) (Subject)
SC 13G - D-MARKET Electronic Services & Trading (0001850235) (Subject)
SC 13G - D-MARKET Electronic Services & Trading (0001850235) (Subject)
SC 13G - D-MARKET Electronic Services & Trading (0001850235) (Subject)
SC 13G - D-MARKET Electronic Services & Trading (0001850235) (Subject)
First Quarter 2024 Financial and Operational Highlights (All financial figures are restated pursuant to IAS 29 unless otherwise indicated) Gross merchandise value (GMV) increased by 42.5% to TRY 36.3 billion compared to TRY 25.5 billion in Q1 2023. IAS 29-Unadjusted GMV increased by 137.8% to TRY 35.2 billion compared to Q1 2023. Revenue increased by 45.0% to TRY 11,309.6 million compared to TRY 7,800.5 million in Q1 2023. Number of orders increased by 21.7% to 29.3 million compared to 24.1 million orders in Q1 2023. Active Customers increased by 1.4% to 12.1 million compared to 11.9 million as of March 31, 2023. (Order) Frequency increased by 30.3% to 9.8 compared to 7.5 as
For the second quarter of 2024, we expect to deliver IAS 29-Unadjusted GMV growth of around 75% compared to the second quarter of 2023 and IAS 29-Unadjusted EBITDA as a percentage of GMV within the range of 1.8% to 2.0%. In 2024, we intend to remain focused on sustainable and profitable growth with a prudent approach to capital allocation.
D-MARKET Electronic (NASDAQ:HEPS) reported $365.56 million in sales this quarter. This is a 49.03 percent increase over sales of $245.30 million the same period last year.
For the first quarter of 2024, we expect to deliver IAS 29-Unadjusted GMV growth of around 120% compared to the same period of 2023 and IAS 29-Unadjusted EBITDA as a percentage of GMV of around 2%. In 2024, we intend to remain focused on sustainable and profitable growth with a prudent approach to capital allocation.
Fourth Quarter 2023 Financial and Operational Highlights (All financial figures are restated pursuant to IAS 29 unless otherwise indicated) Gross merchandise value (GMV) increased by 25.4% to TRY 40.1 billion compared to TRY 32.0 billion in Q4 2022. IAS 29-Unadjusted GMV increased by 103.9% to TRY 39.0 billion compared to Q4 2022. Revenue increased by 29.5% to TRY 11,811.9 million compared to TRY 9,120.5 million in Q4 2022. Number of orders increased by 1.7% to 34.4 million compared to 33.9 million orders in Q4 2022. Active Customers was at 11.9 million compared to 12.2 million as of December 31, 2022. (Order) Frequency increased by 43.7% to 9.5 compared to 6.6 as of Decembe
D-MARKET Electronic (NASDAQ:HEPS) reported quarterly losses of $(0.07) per share. This is a 23.33 percent increase over losses of $(0.09) per share from the same period last year. The company reported $414.13 million in sales this quarter. This is a 39.19 percent increase over sales of $297.53 million the same period last year.
Companies Reporting Before The Bell • Bitcoin Depot (NASDAQ:BTM) is expected to report quarterly loss at $0.08 per share on revenue of $161.50 million. • Syra Health (NASDAQ:SYRA) is likely to report quarterly loss at $0.09 per share on revenue of $2.23 million. • Theriva Biologics (AMEX:TOVX) is likely to report earnings for its fourth quarter. • LightInTheBox Holding (NYSE:LITB) is projected to report earnings for its fourth quarter. • D-MARKET Electronic (NASDAQ:HEPS) is estimated to report earnings for its fourth quarter. • Viomi Technology Co (NASDAQ:VIOT) is expected to report earnings for its Fiscal Year 2023. Companies Reporting After The Bell • GreenTree Hospitality Gr (NYSE
ISTANBUL, Nov. 19, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the third quarter ending September 30, 2024 before the U.S. market opens on Tuesday, December 10, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 13.00 London / 8.00 a.m. New York time on Tuesday, December 10, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada241210.html. A replay will be available on the
ISTANBUL, Nov. 06, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, today announced the second bond issuance of its indirect wholly owned subsidiary, Hepsi Finansman A.Ş. ("Hepsifinans"), at a nominal value of TRY 150 million. Further to our disclosure in a report on Form 6-K furnished on September 11, 2024 regarding the Capital Markets Board's approval of Hepsifinans's issuance of bonds or bills with a total aggregate principal amount of up to TRY 1,050,000,000 in one or more tranches within one year, Hepsiburada announces that Hepsifinans closed its second bond issuance to domestic qualified i
ISTANBUL, Oct. 30, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS) and Jumia (NYSE:JMIA), today announced that the companies have entered into a commercial partnership whereby Hepsiburada will list its private label products and a portion of its retail assortment, together with a selection of other curated Turkish brands, on Jumia. Headquartered in Istanbul, Hepsiburada is a leading e-commerce technology platform in Türkiye. Through this partnership, the two companies will leverage their respective strengths to provide a seamless and improved shopping experience for Jumia`s consumers. The collaboration lays the groundwork for bro
Partnership with Leading Turkish E-commerce Technology Platform to Expand Product Access for North African Consumers CAIRO, EGYPT / ACCESSWIRE / October 30, 2024 / Jumia (NYSE:JMIA) and D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), today announced that the companies have entered into a commercial partnership whereby Hepsiburada will list its private label products and a portion of its retail assortment, together with a selection of other curated Turkish brands, on Jumia.Headquartered in Istanbul, Hepsiburada is a leading e-commerce technology platform in Türkiye. Through this partnership, the two companies will leverage their respective strengths to provide a se
ISTANBUL, Oct. 18, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), refers to the Form 6-K filed by Joint Stock Company Kaspi.kz, a joint stock company incorporated under the laws of Kazakhstan (the "Buyer") on October 18, 2024 (the "Form 6-K") regarding the entry on October 17, 2024 (the "Signing Date") by the Buyer into a Stock Purchase Agreement (the "Agreement") with the selling stockholders of Hepsiburada identified therein, being Hanzade Vasfiye Doğan Boyner, Hepsiburada's founder, Vuslat Doğan Sabancı, Yaşar Begümhan Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan (collectively, the "Sellers"). Pursuant to the terms of the
ALMATY, Kazakhstan, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (NASDAQ:KSPI) has announced that it has signed a definitive agreement with Hanzade Doğan, the founder and controlling shareholder of D-Market Electronic Services & Trading (NASDAQ:HEPS), and Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan to acquire 65.41% of all the total outstanding Class A and Class B shares of Hepsiburada. Founded in 2000 by Hanzade Doğan, Hepsiburada has long been one of Türkiye's leading e-commerce platforms. The company grew by focusing on customer service, technology, logistics and a broad assortment of products across various retail categories. F
ISTANBUL, Oct. 10, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, today announced the first bond issuance of its indirect wholly-owned subsidiary, Hepsi Finansman A.Ş. ("Hepsifinans"), at a nominal value of TRY 250 million. Further to our disclosure in a report on Form 6-K furnished on September 11, 2024 regarding the Capital Markets Board's approval of Hepsifinans's issuance of bonds or bills with a total aggregate principal amount of up to TRY 1,050,000,000 in one or more tranches within one year, Hepsiburada announces that Hepsifinans closed its first bond issuance to domestic qualifi
ISTANBUL, Sept. 30, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, today announced the second issuance of asset-backed securities amounting to TRY 350 million. The second issuance of asset-backed securities amounting to TRY 350 million, within the scope of the TRY 2 billion limit given by the Capital Markets Board to Pasha Yatırım Bank Hepsiburada Varlık Finansmanı Fonu, settled on September 27, 2024. In this structure, Hepsiburada participated as the originating entity with respect to its BNPL receivables. The issue consists of six tranches with an average maturity of 84 days and at an annual
ISTANBUL, Sept. 26, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (NASDAQ:HEPS), ("Hepsiburada" or the "Company"), a leading Turkish e-commerce platform, today announced that the Board of Directors (recently appointed by the General Assembly of Shareholders of the Company on September 12, 2024), in accordance with the Turkish Commercial Code, has determined the composition of its Committees and assigned additional functions to its Risk Committee. Effective September 21, 2024, the Audit Committee, Risk Committee and Corporate Governance Committee of the Board of Directors are composed of the following members: Audit Committee: Mr. Tayfun Bayazıt, Mr. Ahme
ISTANBUL, Sept. 25, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), announces the 18-month results of the "Trade and Technology Empowerment for the Earthquake Region" program (the "Program") for the period from March 6, 2023 to September 6, 2024. Since the Program's launch in March 2023: • The total number of active merchants operating in the earthquake region has reached approximately 8,900, with approximately 4,650 new businesses selling their products online through Hepsiburada. The number of new businesses increased by more than 22%
ALMATY, Kazakhstan, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (NASDAQ:KSPI) has announced that it has signed a definitive agreement with Hanzade Doğan, the founder and controlling shareholder of D-Market Electronic Services & Trading (NASDAQ:HEPS), and Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan to acquire 65.41% of all the total outstanding Class A and Class B shares of Hepsiburada. Founded in 2000 by Hanzade Doğan, Hepsiburada has long been one of Türkiye's leading e-commerce platforms. The company grew by focusing on customer service, technology, logistics and a broad assortment of products across various retail categories. F
ISTANBUL, Aug. 09, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS) (the "Company"), a leading Turkish e-commerce platform, will hold its Ordinary General Assembly Meeting of Shareholders (the "General Assembly") with respect to the financial year 2023, on Thursday, September 12, 2024 at 11:00 Istanbul time at the Company's headquarters at Kuştepe Mahallesi, Mecidiyeköy Yolu Caddesi, No:12 Trump Towers, Tower No:2 Şişli, İstanbul. Holders of the Company's American Depositary Shares (the "ADSs") who wish to exercise their voting rights for the underlying shares must act through the depositary of the Company's ADS program, The Bank of New Y
ISTANBUL, Feb. 27, 2024 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announced the appointment of Hakan Karadoğan to the role of Chief Executive Officer of Logistics, effective from March 25, 2024. Mr. Karadoğan will lead Hepsiburada's overall logistics operations, including warehousing, fulfillment, and last-mile delivery services for both on-platform and off-platform customers. Effective from March 31, 2024, the Company's Chief Logistics Officer, Mehmethan Yallagöz, has decided to step down from his role to pursue other business interests.
ISTANBUL, Türkiye, Jan. 24, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announced a change to the composition of its Board of Directors. Effective January 15, 2024, Mr. Murat Emirdağ, a former member of the Company's Board of Directors, resigned from his position and Mr. Ahmet Toksoy was appointed as a member of the Board of Directors to replace Mr. Murat Emirdağ. The appointment of Mr. Ahmet Toksoy has been registered with the trade registry on January 23, 2024 and it will be submitted for approval at the Company's next general assem
ISTANBUL, Turkey, Oct. 27, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announced a change to the composition of its Board of Directors. Effective October 20, 2023, Mr. Halil Cem Karakaş, a former member of the Company's Board of Directors, resigned from his duties and Mr. Mehmet Erol Çamur was appointed as a member of the Board of Directors to replace Mr. Halil Cem Karakaş. The appointment of Mr. Mehmet Erol Çamur will be submitted for approval by the Company's shareholders at the Company's next general assembly of shareholders. Mr. Ç
ISTANBUL, Turkey, July 27, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS) (the "Company"), a leading Turkish e-commerce platform, will hold its 2022 Annual General Assembly on Friday, August 25, 2023 at 11:00 İstanbul time at the Company's headquarters at Kuştepe Mahallesi, Mecidiyeköy Yolu Caddesi, No:12 Trump Towers Kule:2 Şişli, İstanbul. Holders of the Company's American Depositary Shares (the "ADSs") who wish to exercise their voting rights for the underlying shares must act through the depositary of the Company's ADS program, The Bank of New York Mellon. The agenda of the Annual General Assembly consists of the following
ISTANBUL, Türkiye, June 20, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (the "Company") (NASDAQ:HEPS), a leading Turkish e-commerce platform, today announced that, on June 14, 2023, at the recommendation of the audit committee, the Company's Board of Directors appointed PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. ("PwC") as its independent registered public accounting firm for the audit of the consolidated financial statements of the Company with respect to the financial year of 2023, subject to approval by the general assembly of shareholders of the Company in accordance with the Turkish Commercial Code. The Company's agreement
ISTANBUL, Turkey, Jan. 04, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announces certain changes to its Board of Directors and its executive management team. Effective as of January 2, 2023: Dr. Stefan Gross-Selbeck is appointed as an independent board member following the resignation of Cemal Ahmet Bozer, who completed a term of six years as a board member, being the maximum term allowed under Turkish law. The appointment of Mr. Gross-Selbeck will be submitted to the approval of Hepsiburada's shareholders at the Company's annual gen
ISTANBUL, July 22, 2022 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform (referred to herein as "Hepsiburada" or the "Company"), today announced the appointment of Nilhan Onal as Chief Executive Officer ("CEO") of the Company, effective January 1, 2023. Murat Emirdag has decided to step down from his CEO duties for personal reasons. He will continue to lead the company and ensure a smooth transition to the new CEO until January 1, 2023. As of January 1, 2023, Mr. Emirdag will be a non-executive director of the Company's board of directors. Nilhan Onal joins Hepsiburada from Amazon Europe, where she spent the
ISTANBUL, June 27, 2022 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada" or the "Company") (NASDAQ:HEPS), a leading Turkish e-commerce platform, today announced the appointment of new members to its Audit Committee, Risk Committee and Corporate Governance Committee, who are appointed by a decision of the Board of Directors pursuant to Article 390 paragraph 4 of Turkish Commercial Law. As previously announced on May 20, 2022, the Board of Directors appointed Dr. H. Cem Karakaş and Mr. Ahmet F. Ashaboğlu as new independent members of the Board of Directors following the resignation of Mr. Erol Çamur and Mr. H. Korhan Öz from the Board of Directors and from the Audi