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4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Inditex - Industria de Diseño Textil    ITX   ES0148396007

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Inditex Industria de Diseño Textil : 1Q Net Profit Rises on Same-Store Sales Growth

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06/13/2018 | 07:31am CEST

By Anthony Shevlin and Euan Conley

Spain's Inditex (ITX.MC) said Wednesday that net profit in its fiscal first quarter rose 2% as sales increased thanks to same-store sales growth across all of its markets.

The company, which owns the Zara chain of stores, said net profit for the period ending April 30 was 668 million euros ($786.2 million) compared with EUR654 million a year earlier.

Inditex said sales for the quarter stood at EUR5.65 billion compared with EUR5.57 billion a year earlier, due to "a solid business performance and same-store sales growth across all of its geographies."

Gross margin improved to 58.9%, up 68 basis points from the same quarter a year ago, the company said.

"The strength of the integrated store and online model, bolstered by continued innovation, is driving solid growth and notable job creation," said Pablo Isla, Inditex's chief executive.

Write to Anthony Shevlin at [email protected]

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Financials (€)
Sales 2019 27 165 M
EBIT 2019 4 536 M
Net income 2019 3 541 M
Finance 2019 6 924 M
Yield 2019 2,65%
P/E ratio 2019 26,08
P/E ratio 2020 23,60
EV / Sales 2019 3,17x
EV / Sales 2020 2,87x
Capitalization 92 960 M
Chart INDITEX - INDUSTRIA DE DIS
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Inditex - Industria de Dis Technical Analysis Chart | ITX | ES0148396007 | 4-Traders
Technical analysis trends INDITEX - INDUSTRIA DE DIS
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 31,4 €
Spread / Average Target 6,2%
EPS Revisions
Managers
NameTitle
Pablo Isla Álvarez de Tejera Chairman & Chief Executive Officer
Carlos Crespo González Chief Operating Officer
José Ignacio Fernández Chief Financial Officer
Gabriel Moneo Marina Chief Information Technology Officer
Amancio Ortega Gaona Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
INDITEX - INDUSTRIA DE DISEÑO TEXTIL3.05%108 056
KERING30.28%75 154
FAST RETAILING CO LTD12.79%49 654
ROSS STORES6.09%32 059
ZALANDO5.81%13 711
PRADA S.P.A.32.69%12 433