inditex

Spanish economy 7th April 2024

Why Inditex is worth twice as much as Santander if it earns half as much

Aurelio Medel (5 Días) | Inditex, the textile empire controlled by Amancio Ortega, has become the Spanish company with the highest stock market value (145,000 million), a capitalisation that is almost double that of Banco Santander (74,000 million). But the surprising thing is that this difference in value bears no relation to profit, neither present nor foreseeable in the medium term. Inditex is today worth twice as much as Santander…

In Europe 2nd April 2024

Inditex reopens today in Ukraine

INDITEX (ITX) returns to Ukraine after two years of closure as a result of the war with the opening of online shops from today, 2 April. To which will be added tomorrow the return to activity of around 20 shops of its seven brands in the Kiev area, to be followed later by those in the Lviv area. Inditex’s objective is to open around fifty of the 80 shops it…

Spanish economy 13th March 2024

Inditex reports record earnings of €5,381m (+30.3%) in 2023, and raises dividend to €1.54/share (yield of 3.84%)

Renta 4: 4Q23 results have met our revenue forecasts and have outperformed in the rest of the main P&L items, although they were in line with consensus forecasts. Revenues €10,338 million (+9% vs 4Q22), gross margin 53.8% (+1 pp vs 4Q22), operating expenses €3,120 million (+8.4% vs 4Q22) growing in line with revenues, EBITDA €2,421 million (+14% vs 4Q22), EBIT €1,617 million (+20% vs 4Q22) and net profit €1,279 million…

Spanish economy 8th February 2024

Inditex to pay up to €1,000 bonus per sales assistant again this year

Norbolsa| The company has agreed with the trade unions to repeat the payment of the annual bonus of €1,000 per shop assistant in Spain (the same as in the previous year). There are 28,000 workers. This bonus, linked to turnover targets and paid once a year, in February, already existed before the pandemic, although the amount was lower, up to €540 per year.

World economy 25th January 2024

Inditex will more than overcome impact of Red Sea conflict, growing above peers’ average

Morgan Stanley| Our analysts have studied the impact of the Red Sea conflict-related transportation issues on 17 retail companies. The average impact is 7% of pre-tax profit on average if rates stay where they are. Estimating a 150% increase in freight rates, the impact on pre-tax profit is -2% in food, -6% in clothing and -14% elsewhere. All this before mitigations. Most companies know how to manage the impacts of…

Spanish economy 18th December 2023

Inditex’s solid results point to +14% year-on-year growth

Morgan Stanley| Inditex (ITX) reported very solid Q3 results with a slight beat in EBIT driven by a strong performance in gross margins, which rose 150bps year-on-year and beat consensus estimates by 70bps. Moreover, all this has led the company to raise margin guidance for FY23. On the other hand, sales came in line with consensus, with +12% cc growth, and current trading activity (1 November to 11 December) points…

Spanish economy 13th December 2023

Inditex profits up 32%, earnings for first 9 months of 2023 reach €4,102 million

Inditex (ITX) today reported its results for the first nine months of the fiscal year (9M2023), covering the period from February to October: Net sales rose 11.1% year-on-year (+14.9% at constant exchange rates) in 9M2023 to €25,609 million. ITX highlighted the satisfactory evolution of its online shop revenue, which was positive in all geographies and in all formats. Gross margin rebounded at a faster pace than sales, 12.3% year-on-year to…

In Europe 28th October 2023

Inditex announces launch of Zara Pre-Owned in Spain and other EU countries by 31 January 2024

Link Securities| Óscar García Maceiras, CEO of Inditex (ITX), during his speech at the 38th Aecoc FMCG Congress, announced the launch of Zara Pre-Owned, the platform that allows the repair, recycling and second-hand sale of its products in the United Kingdom in 2022, which has already arrived in France and will land in Spain and other EU countries before the end of its fiscal year (which ends on 31 January),…

In Spain 13th September 2023

Inditex’s net income rises 40% to €2,513 M in first half of fiscal year, sales up 13.5%

Inditex’s (ITX) net income rose 40% in the first half of the fiscal year (from 1 February 2023 to 31 July 2023), to €2,513 million. Sales grew by 13.5% to €16,851 million, with a “very satisfactory” evolution both in shops and online, the company said. It also stressed that the evolution has been positive in all geographical areas and in all formats. Sales at constant exchange rates grew by 16.6%….

In Europe 11th September 2023

ECJ upholds Inditex in suit against Buongiorno Myalert for infringement of trademark rights

Alphavalue / Divacons| The Advocate General of the Court of Justice of the European Union, Maciej Szpunar, concluded on Thursday, in reference to the legal dispute of Inditex against Buongiorno Myalert, that the Italian company “cannot take advantage of the limitation of the rights of the trademark owner”, thus agreeing with the Galician group in its litigation against the firm. It should be recalled that in 2010, when Buongiorno Myalert…

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