Mavi 2Q24 Financial Results

Mavi reported revenue of TL 7.427 million, EBITDA of TL 1.215
million, and net profit of TL 512 million in 2Q24. Following the
2Q24 financial results, the company held an investor and analyst
meeting on September 18. We maintain our 'Buy' recommendation
for Mavi with a target price of TRY 147 and continue to hold it in
our Model Portfolio.