Shares of D-MARKET Electronic Services & Trading (HEPS), operating under the brand name Hepsiburada, surged 5.2% in pre-market trading on Tuesday after the company reported strong third-quarter 2024 financial results and provided an optimistic outlook for the remainder of the year.
Hepsiburada, a leading e-commerce platform in Turkey, announced a significant year-over-year increase in Gross Merchandise Volume (GMV) growth during the third quarter. The company's robust performance was driven by its growing customer base and operational efficiency improvements.
Notably, Hepsiburada forecasted GMV growth within the range of 50% to 55% for the fourth quarter of 2024, indicating continued momentum and confidence in its business prospects. This positive outlook, coupled with the company's strong third-quarter results, boosted investor sentiment and led to the pre-market surge in Hepsiburada's stock price.
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