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4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Inditex SA    ITX   ES0148396007

Real-time Quote. Real-time Tradegate - 06/29 05:59:46 pm
33.863 EUR   -1.95%
06/27 INDITEX : 2017 first-quarter net sales increase 14% to €5.6 billion
06/16DJToday's Top Supply Chain and Logistics News From WSJ
06/15 INDITEX : Zara success aids Inditex
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Inditex 1Q Net Profit Up 30% As Gross Margin Inches Higher

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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 [email protected]

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Stocks mentioned in the article : Inditex SA
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Latest news on INDITEX SA
06/27 INDITEX : 2017 first-quarter net sales increase 14% to €5.6 billion
06/16DJToday's Top Supply Chain and Logistics News From WSJ
06/15 INDITEX : Zara success aids Inditex
06/15 HENNES & MAURITZ : H&M sales miss forecast after rough start to May
06/15 INDITEX : Profits jump at Spanish fashion empire Inditex
06/14DJINDITEX : How Zara Is Defying a Broad Retail Slump
06/14 INDITEX : Sales lift profits for Zara owner Inditex by 18 per cent
06/14 INDITEX : Sales lift profits for Zara owner Inditex by 18 percent
06/14 INDITEX : net sales rose 12% to €23.3bn in FY16
06/14DJINDITEX : Zara Parent Inditex Beats Rivals With 18% First-Quarter Profit Rise --..
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Financials (€)
Sales 2018 26 162 M
EBIT 2018 4 671 M
Net income 2018 3 643 M
Finance 2018 6 465 M
Yield 2018 2,22%
P/E ratio 2018 29,32
P/E ratio 2019 25,98
EV / Sales 2018 3,87x
EV / Sales 2019 3,46x
Capitalization 107 634 M
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 38,2 €
Spread / Average Target 11%
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NameTitle
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
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