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 - 07/29 06:02:06 pm
30.944 EUR   +0.98%
07/14DJWARREN BUFFETT : Warren Buffett Donates $2.86 Billion in Berkshire H..
07/14 INDITEX : Trent Ltd manages to end in green; Zara posts slowest sale..
07/07DJGap Posts First Comparable-Sales Increase Since March 2015 -- Upd..
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
07/14DJWARREN BUFFETT : Warren Buffett Donates $2.86 Billion in Berkshire Hathaway Stoc..
07/14 INDITEX : Trent Ltd manages to end in green; Zara posts slowest sales growth in ..
07/13 AEROPOSTALE : Zara sales growth takes a hit as buyers shop at global rivals
07/07DJGap Posts First Comparable-Sales Increase Since March 2015 -- Update
07/07DJGap Posts First Comparable-Sales Increase Since March 2015
06/28 POUNDLAND : Pallet Truck experts greet positive retail news and urge fellow reta..
06/16DJJACK MA : Alibaba's Knockoff Vows Spark Disbelief -- WSJ
06/16DJFast-Fashion Leader Keeps H&M at Bay -- WSJ
06/15DJAlibaba Faces Backlash Over Promises on Counterfeits -- Update
06/15DJJACK MA : Alibaba Under Fire From Global Product Brands Over Counterfeits
More news
Sector news : Apparel & Accessories Retailers - NEC
07/28 Weak China sales drag down Smith & Nephew profits
07/27DJCARTER : Shares Fall on Weakened Outlook
07/21 British clothing retailers face Brexit double whammy
07/19DJWhy Europe's Clothing Retailers Won't Be Torn Apart by Amazon -- Heard on the..
07/15DJJapan Stocks Notch Best Week in Six-and-Half Years
More sector news : Apparel & Accessories Retailers - NEC
News from SeekingAlpha
06/13 INDITEX SA : World's Largest Fashion Retailer
05/23 HENNES AND MAURITZ : Growth At The Expense Of Margins
04/12 Zara close to deal for large retail space in Mumbai
03/09 Inditex lowers store expansion target
Financials (€)
Sales 2017 23 162 M
EBIT 2017 4 082 M
Net income 2017 3 153 M
Finance 2017 4 721 M
Yield 2017 2,16%
P/E ratio 2017 30,11
P/E ratio 2018 26,63
EV / Sales 2017 3,92x
EV / Sales 2018 3,53x
Capitalization 95 510 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 35
Average target price 32,9 €
Spread / Average Target 7,4%
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 Director-Information Technology
Amancio Ortega Gaona Non-Executive Proprietary Director
Carlos E. D. L. M. Bernaldo de Quirós Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
INDITEX SA-3.30%105 814
ROSS STORES, INC.13.98%24 502
L BRANDS INC-23.03%21 203
GAP INC2.15%10 041
NEXT PLC-33.17%9 643
More Results