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BGC Partners: Mavi FY18 Conference Call Highlights
The tone was ‘constructively positive’. 2019 guidance is basically a reiteration of the long-term targets the company set out at the time of the IPO. Whether those targets (particularly in reference to revenue growth and EBITDA margin) would once again be exceeded as was the case in 2018 remains to be seen. Given that the cost pressures are already felt because of the higher costs incurred in the procurement in the second half of 2018, exceeding margin guidance would be difficult initially while the sales trend so far in Turkey appears encouraging. Also, international growth is likely to be more supportive in 2019.
Provider
BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
Berna Kurbay
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