Mavi Giyim Sanayi ve Ticaret : 09 June 2022Management Guidance for Financial Year 2022
June 09, 2022 at 12:02 pm
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Management Guidance for FY 2022
Consolidated Revenue Growth
Turkey Retail Stores
EBITDA Margin
Net Debt/EBITDA
CAPEX
100%
3 net new stores
11 store expansions
18% ± 1% (exc. IFRS16)
24% ± 1% (inc. IFRS16)
Net Cash Position (exc. IFRS16)
3.0% of consolidated sales
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Disclaimer
This document includes "forward-looking statements" that relate to, without limitation, our plans, objectives, goals, strategies, future operational performance, and expected developments in the fashion and retail clothing markets and the performance of the Turkish and global economies. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause circumstances or our actual results, performance or achievements to be materially different from any future circumstances, results, performance or achievements expressed or implied by such statements. Such forward-looking statements are inherently uncertain and are based on numerous assumptions about factors including the ability to satisfy different consumer tastes and to respond to changing spending patterns and fashion trends in a competitive environment; ability to maintain good relationships with customers, franchisees, licensees and distributors; ability to mitigate currency risks; ability to mitigate the effects of Turkish and international economic and political events; and ability to comply with changes in laws, regulations or governmental policies.
Forward-looking statements speak only as at the date on which they are made. Accordingly, we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. We do not make any representation, warranty or prediction that the expected results described in such forward-looking statements will be achieved. The forward-looking statements contained in this disclosure are based on the beliefs of our management, as well as the assumptions made by and information currently available to our management. Although we believe that the expectations reflected in such forward-looking statements are reasonable at this time, we cannot assure you that such expectations will prove to be correct. Given these uncertainties, you should not place undue reliance on forward-looking statements.
Mavi Giyim, its management and/or its employees may not be held responsible for any direct or indirect loss that could arise from the use of the forward looking statements in this document.
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Mavi Giyim Sanayi ve Ticaret AS published this content on 09 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 16:01:06 UTC.
Mavi Giyim Sanayi ve Ticaret AS is a Turkey-based company, which designs and manufactures apparel and accessories, under the Mavi brand, for both women and men. The Company offers pants, jackets, shirts, shorts, dresses, skirts, and joggers. The Company operates more than 390 mono-brand Mavi stores with particular presence in Turkey, the United States (following the acquisition of Mavi USA), Canada (following the acquisition of Mavi Canada), Europe (centered on Germany) and Russia, more than 5,000 global points of sale, as well as an online store. It has a retail base in Turkey with more than 200 mono-brand retail stores, more than 60 franchise-operated mono-brand retail stores and more than 400 multi-brand points of sale across the country. Its wholesale partners include Nordstrom, Bloomingdaleâs and Peek & Cloppenburg.
MAVI GIYIM SANAYI VE TICARET 
