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

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Inditex : Fiscal Year 2017 Net Profit Rose on Strong Performance at All Stores

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03/14/2018 | 07:40am CEST

By Anthony Shevlin

Spain's Inditex (ITX.MC) said Wednesday that net profit for fiscal 2017 rose due to strong performances across all of its stores.

The company, which owns the Zara chain of stores, said net profit for the year ended Jan. 31 was 3.37 billion euros ($4.16 billion) compared with EUR3.16 billion in the previous period. The company said its net profit in the fourth quarter was EUR1.03 billion, ahead of analysts' estimate of EUR1.01 billion.

Sales for the year increased 9% to EUR25.34 billion, driven by the solid performance of its Zara stores, where sales rose 7%. Earnings before interest and taxes were EUR4.31 billion, compared with EUR4.02 billion the previous year.

The company said it plans to pay a dividend of EUR0.75 a share, up from EUR0.68 a share the previous year.

In addition, Inditex said it has appointed Carlos Crespo as chief operating officer.

The company sees ordinary capital expenditure of around EUR1.50 billion for 2018, driven mainly by the addition of new space in prime locations. Inditex says it expects 4% to 6% growth in new space at prime locations in subsequent years in conjunction with its global online sales rollout.

For fiscal 2018, the company estimates space growth in prime locations of around 6% net of absorptions. The company expects 350 to 400 gross openings and the selective absorption of around 200 during the year.

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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TrendsBullishBullishNeutral
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