Year 2015, with all the problems and possible scenarios, will mark a new record in terms of listed companies’ earnings, exceeding the 32 billion euros registered in 2014.
Coinciding with the end of the summer, Inditex closed the first half results earnings for the Ibex 35 companies, reporting its results for the period 1 February-31 July.
And true to form, the Spanish clothing retailer’s performance was impressive, beating most analysts’ forecasts.
In brief: net profit up 26 percent year-on-year at 1.166 billion euros. The full-year 2015 net forecast is for around 2.915 billion.
The Galician company, founded a little over half a century ago by Amancio Ortega and currently with Pablo Isla at the helm, is fourth in the ranking of Ibex 35 companies in terms of 2015 profit forecasts.
The top three firms are Santander (7.270 billion euros), Telefonica (4.169 billion) and BBVA (3.238 billion).
The aggregate performance of the Ibex 35 companies in the first half of 2015 could not be more outstanding. Statistics show that never before have the firms in the blue-chip index registered, in total, such a high level of profits.
Earnings rose 40% in the first half to 21.626 billion euros from a year earlier.
This being the case, few can explain the poor peformance of Spain’s stock market index so far this year compared to most other eurozone exchanges.
Analyst consensus estimates that 2015, with all the problems and scenarios you want, will mark a new record in terms of listed companies’ earnings, exceeding the 32 billion euros registered in 2014. If the forecasts are met, profits could reach a record of over 38.1 billion euros.