Mavi news and archive

Mavi launches reusable face masks benefitting homeless services

Denim lifestyle brand has launched special edition reusable non-surgical face masks benefitting New York-based non-profit organization Homes for the Homeless. For every bundle sold, Mavi will donate a bundle to Homes for Homeless to help the organization continue its mission of supporting families experiencing homeless and to create solutions to...

Business

Mavi revenue increases by 32 percent in 2018

Turkey's leading jeans and apparel brand Mavi has reported a 32 percent increase in revenues for its full year financial results for the year ending January 31, 2019. The company said, consolidated revenues increased by 32 percent to 2.353 billion Turkish Lira and net profit increased by 12 percent to 101 million Turkish Lira year-on-year. Mavi’...

Business

Mavi reports 32 percent increase in revenues

Turkey's denim-centric lifestyle brand, Mavi, has reported that it is maintaining consistent growth in all areas, with a 32 percent increase in revenues year-to-date in 2018. The company said, consolidated revenues increased by 32 percent to 1.778 billion Turkish Lira and net profit increased by 20 percent to 101 million Turkish Lira in the...

Business

Mavi reports strong Q2 trading with like-for-like sales up 21 percent

In its trading update for the second quarter ahead of half year results, Mavi has announced that throughout the challenging environment in the Turkish market in the first half of 2018, the company has continued to deliver strong sales growth across all retail, wholesale and online channels in Turkey. The company said, cumulative like-for-like...

Business

Mavi's first quarter revenues rise 25 percent

Announcing its results for the first quarter ended April 30, 2018, Mavi Giyim Sanayi ve Ticaret A.Ş. said that the company saw strong double-digit revenue growth quarter-on-quarter and an exceptional rise in profits across channels and categories, driven by increased basket sizes and transaction volumes from new and existing customers in Turkey...

Business

Mavi's FY17 net profit soars 74 percent, revenues up 36 percent

Mavi Giyim Sanayi ve Ticaret A.Ş. recorded double-digit revenue growth across all channels and categories, and in its home market Turkey and abroad. Compared to the same period last year, consolidated revenue increased by 36 percent to 1,782 million Turkish lira (457.6 million dollars), while EBITDA grew by 48 percent to 252 million Turkish lira...

Business

Mavi Q3 revenues rise 39 percent, EBITDA up 54 percent

For the third quarter, Mavi said in a statement that compared to the same period last year, consolidated revenue increased by 39 percent to 1,350 million Turkish lira (349 million dollars), while EBITDA grew by 54 percent to 208 million Turkish lira (54 million dollars), with an EBITDA margin of 15.4 percent. Net income for the period grew by 60...