Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Mercado Continuo Espanol  >  Inditex SA    ITX   ES0148396007

Real-time Quote. Real-time Tradegate - 10/24 02:23:11 pm
33.218 EUR   -0.02%
10/18 Gap to shut Banana Republic doors in the UK
10/06 INDITEX : Zara opens its first store in New Zealand
10/02 INDITEX : Uterqüe unveils its new store concept, inspired by contemp..
News SummaryMost relevantAll newsSector news 

Inditex 1Q Net Profit Up 30% As Gross Margin Inches Higher

share with twitter share with LinkedIn share with facebook
share via e-mail
06/13/2012 | 07:59am CEST
   By David Roman 

MADRID--Inditex SA (>> Inditex SA), the owner of fast-fashion pioneer Zara, Wednesday posted a strong 30% rise in net profit for its first quarter, driven by continued expansion in emerging markets.

The world's largest fashion retailer by sales, based in La Coruna, Spain, said net profit for the three months ended April 30 was EUR432 million, up from EUR332 million a year earlier. Analysts had expected net profit to come in at EUR379 million, according to FactSet.

Sales increased 15% to EUR3.42 billion, boosted by new store openings, while its gross margin rose to 60.2% from 58.8%. Inditex said it opened 464 new stores in the quarter, and had 5,618 stores in 84 countries as of April 30.

Because of its global expansion drive--the company has opened more than a store a day, on average, in recent years--Inditex is becoming less reliant on sales in Spain, now accounting for around a quarter of the total.

In contrast, it is expanding rapidly in the fast-growing markets of Asia and Latin America. In March the company said it expects to have 425 stores across China by the end of the year. Inditex and Swedish rival Hennes & Mauritz AB (HM-B.SK) are increasingly dominating the global fashion retail market. H&M in March posted continued profit growth and said it aims to expand its global store chain by 10% to 15% a year. H&M is due to report its second-quarter earnings on June 20.

Competitors such as Gap Inc. (GPS) are struggling to keep pace with the front two. The U.S. retailer last month posted unchanged first-quarter profit compared with a year earlier.

Inditex shares closed Tuesday at EUR67.58, valuing the company at EUR42.2 billion.

Write to David Roman at david.roman@dowjones.com

Order free Annual Report for Hennes & Mauritz AB

Visit http://djnweurope.ar.wilink.com/?ticker=SE0000106270 or call +44 (0)208 391 6028

Order free Annual Report for Gap, Inc.

Visit http://djnweurope.ar.wilink.com/?ticker=US3647601083 or call +44 (0)208 391 6028

Stocks mentioned in the article : Inditex SA
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on INDITEX SA
10/18 Gap to shut Banana Republic doors in the UK
10/06 INDITEX : Zara opens its first store in New Zealand
10/02 INDITEX : Uterqüe unveils its new store concept, inspired by contempora art
09/30 H & M HENNES & MAURITZ : &M upbeat on 2017 prospects as warm weater its Septembe..
09/30DJH & M HENNES & MAURITZ : &M Earnings Fail to Weater eatwave
09/29 INDITEX : Uterqüe unveils its new store concept, inspired by contemporary art
09/29DJFast-Fashion Tricks Are on Display at Department-Store Chains
09/22 INDITEX : How Zara cashed in on crazy summer weather
09/22 INDITEX : on the rise
09/22 INDITEX : Zara owner Inditex in fashion as sales jump
More news
Sector news : Apparel & Accessories Retailers - NEC
10/21 FTSE steadies near one-week high; BAT slips
10/21 Burberry shares spike on report of Coach merger interest
10/19 Financials and energy stocks help FTSE to end higher
10/19 Zalando lifts earnings forecast, third quarter sales disappoint
More sector news : Apparel & Accessories Retailers - NEC
News from SeekingAlpha
08/02 INDITEX : Quality, Defensive Stocks Never Run Out Of Fashion
08/02 Zara workers to form union in NYC
06/13 INDITEX SA : World's Largest Fashion Retailer
05/23 HENNES AND MAURITZ : Growth At The Expense Of Margins
Financials (€)
Sales 2017 23 265 M
EBIT 2017 4 125 M
Net income 2017 3 199 M
Finance 2017 4 621 M
Yield 2017 2,02%
P/E ratio 2017 32,23
P/E ratio 2018 28,31
EV / Sales 2017 4,25x
EV / Sales 2018 3,78x
Capitalization 103 551 M
More Financials
Duration : Period :
Inditex SA Technical Analysis Chart | ITX | ES0148396007 | 4-Traders
Full-screen chart
Technical analysis trends INDITEX SA
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 35,1 €
Spread / Average Target 5,7%
Consensus details
EPS Revisions
More Estimates Revisions
Pablo Isla Álvarez de Tejera Chairman & Chief Executive Officer
José Ignacio Fernández Chief Financial Officer
Gabriel Moneo Marina Chief Information Technology Officer
Amancio Ortega Gaona Non-Executive Director
Carlos E. D. L. M. Bernaldo de Quirós Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
INDITEX SA4.84%112 703
ROSS STORES, INC.17.82%25 143
L BRANDS INC-24.34%20 733
ZALANDO SE8.82%10 659
GAP INC6.92%10 524
More Results