BGC Partners: BIM 2Q19 Conference Call Highlights
BIM refrained from making any revisions to 2019 guidance, although 1H19 results indicate better sales trends than budgeted and the EBITDA margin is at the higher end of the guidance. It was stated that September/October 2018 were strong with higher inflation readings kicking in while lower inflation will be observed in the coming September and October due to the high base year. Therefore, the company would be more comfortable shifting to a more favorable guidance after 3Q results. Yet, BIM said that results so far are better than their initial expectationBim Birlesik Magazalar is engaged in operating retail stores through its retail shops throughout Turkey, which sell an assortment of approx. 600 items, including a number of private labels. Co.'s object is to offer consumers basic food items and consumer goods at discount prices with quality. Co.'s private labels provides its consumers with quality tasting sausage, salami and similar meat products while at the same time being suitable to the consumers family budget. Products include meat products, breakfast and dairy products, beverages, legumes and bakery, snacks and sweets, fruits and vegetables, frozen foods, and non-food items - cleaning supplies.
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
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