Clothing retailer Mavi falls on Q2 net profit miss

Deniz Gayrimenkul Yatirim Ortakligi

18/09/2025 08:37

** Shares in Mavi Giyim MAVI.IS drop about 5% following the Turkey-based clothing retailer's lower-than-expected Q2 net profit and cut its full year guidance

** Mavi Giyim reports a net profit of 231.1 million lira  ($5.59 million), down from 683.1 million lira net profit year ago and below the consensus of 568 million lira cited by brokerage Deniz Yatirim

** Deniz Yatırım views this as a negative development, citing also a decline in revenue and EBITDA

** "The company's updated expectations of a limited real contraction by the end of 2025 may be viewed negatively in terms of investor sentiment", the broker adds as Mavi Giyim also lowers its guidance for 2025 revenue growth

** The shares are the worst performer on Turkey's main BIST-100 index .XU100

($1 = 41.3263 liras)

 (Reporting by Arda Dipova)

 ((arda.dipova@thomsonreuters.com))