Mavi Giyim Sanayi ve Ticaret A.S. Reports Earnings Results for the First quarter Ended April 30, 2021
June 09, 2021 at 11:34 am
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Mavi Giyim Sanayi ve Ticaret A.S. Announced earnings results for the first quarter ended April 30, 2021. For the first quarter, the company announced sales was TRY 758.756 million compared to TRY 387.122 million a year ago. Operating income was TRY 65.916 million compared to operating loss of TRY 48.570 million a year ago. Net income was TRY 31.001 million compared to net loss of TRY 50.088 million a year ago.
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 
