Investor Presentaiton
Robust Recovery out of the Covid-19 Pandemic
110%
Revenue Evolution (TRYM)
94%
14,189
Gross Profit Evolution (TRYm)
Gross
Margin
(%)
48.3%
51.3%
52.9%
4,619
2,402
10,592
7,325
2020
2021
2022
9M 2022
9M 2023
120%
54.3%
53.2%
5,602
3,976
2,372
1,160
90%
7,546
2020
2021
2022
9M 2022
9M 2023
Gross margin improved 300 bps* in real terms (adjusted for imputed interest rate impact) in Q3 2023, resulting with 170 bps* contraction
year to date from an extraordinary high base
Strong demand was captured with variety, newness and right product/price positioning
Effective product cost management enabled by strong balance sheet and a well-planned sourcing and supply strategy
mavi
2020-2022 CAGR
% Margin
(*): Compared to normalised GM of previous year. Gross margins normalized with current
imputed interest rate is 54.9% in 9M 2022
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