Brief: Mavi Giyim Q2 Net Result Turns To Loss Of 4.5 Million Lira, Updates 2020 Outlook

Mavi Giyim Sanayi ve Ticaret

15/09/2020 06:24

Sept 15 (Reuters) - MAVI GIYIM  MAVI.IS :
    * SAID ON MONDAY Q2 REVENUE 537.8 MILLION LIRA VERSUS 691.8
MILLION LIRA YEAR AGO
    * Q2 NET LOSS 4.6 MILLION LIRA VERSUS PROFIT OF 20.9 MILLION
LIRA
YEAR AGO
    * ANNOUNCES UPDATED OUTLOOK FOR FY2020
    * EXPECTS CONSOLIDATED REVENUE GROWTH AT -11% (± 2%) FOR FY
2020
    * SEES EBITDA MARGIN TO BE 8% (±1%) EXCLUDING IFRS 16 FOR
2020
    * SEES NET DEBT/EBITDA 0.1X EXCLUDING IFRS 16 FOR 2020
    * EXPECTS CAPEX OF 4% OF CONSOLIDATED SALES FOR 2020

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKATK71s urn:newsml:reuters.com:*:nIKAbKdGjy
    
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