Turkey's Mavi gains after Q3 results beat market expectations

Mavi Giyim Sanayi ve Ticaret

11/12/2025 07:44

** Shares in Turkish clothing retailer Mavi Giyim MAVI.IS rise around 5% after its Q3 results beat market expectations on Wednesday

** It posts quarterly net profit of 1.01 billion lira ($23.75 million), beating consensus of 812 million lira

** Brokerage Is Yatirim says EBITDA also beat expectations with a 14% rise, thanks to "dynamic product planning and pricing strategy"

** Is Yatirim also says the shares are significantly undervalued, trading at an EV/EBITDA multiple of 3.4x

** Shares reach a one-month high early in the session

** The company is the top performer at Turkey's main BIST 100 .XU100 index, which is muted with 0.3% daily gains

($1 = 42.5310 liras)

(Reporting by Miraç Eren Dereli)

((miraceren.dereli@thomsonreuters.com))