Brief: Mavi Giyim FY Net Profit Decreases To 1.78 Bln Lira YoY, Announces 2024 Guidance

Mavi Giyim Sanayi ve Ticaret

15/03/2024 06:17

March 14 (Reuters) - MAVİ GİYİM SANAYİ VE TİCARET
 MAVI.IS :
    *         FY NET PROFIT OF  1.78 BILLION LIRA VS PROFIT OF
1.91
BLN LIRA YEAR AGO
      
    * FY REVENUE OF 26.29 BILLION LIRA VS 21.04 BILLION LIRA
YEAR AGO
    * PROPOSES TO PAY CASH DIVIDEND AT GROSS 4.2539056 LIRA PER
SHARE
FOR 2023
    * EXPECTS 2024 TOTAL CONSOLIDATED SALES GROWTH OF 70%±5%
(PRE-IAS29)
    * EXPECTS TURKIYE RETAIL STORES TO BE NET 15 OPENINGS AND 10
EXPANSIONS FOR 2024
    * EXPECTS 2024 EBITDA MARGIN TO BE 20%±0.5% EXC. IFRS16 AND
23.5%
±0.5% INCLUDING IFRS16 (PRE-IAS29)
    * EXPECTS 2024 CAPEX TO SALES RATIO TO BE 5% (INCLUDING
INVESTMENT
FOR NEW HEADQUARTERS OFFICES)
    * MAVI GIYIM SAYS NEXT GUIDANCE REVISION WILL INCLUDE THE
POSSIBLE
IMPACTS OF IAS29 ON EXPECTED 2024 RESULTS


        
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