Inditex: sanctioned for annual results
(CercleFinance.com) - Inditex shares are down 7% in Madrid today, after the publication of its annual results, with net profit up 9% to E5.
87bn, in line with expectations, and EBITDA up 8.9% to just over E10.7bn.
In addition to disciplined cost management and a vigorous gross margin, the Spanish textile group - parent company of Zara - posted sales growth of 7.5% (+10.5% at constant exchange rates), to over E38.6bn.
However, it points out that in the first few weeks of the new financial year (1 February to 10 March), its sales in stores and on the Internet rose by just 4%, at constant exchange rates and excluding a calendar effect.
To its next AGM Inditex's Board of Directors will propose a 9% increase in its dividend to E1.68 per share for 2024, to be paid in two equal installments on 2 May and 3 November.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
87bn, in line with expectations, and EBITDA up 8.9% to just over E10.7bn.
In addition to disciplined cost management and a vigorous gross margin, the Spanish textile group - parent company of Zara - posted sales growth of 7.5% (+10.5% at constant exchange rates), to over E38.6bn.
However, it points out that in the first few weeks of the new financial year (1 February to 10 March), its sales in stores and on the Internet rose by just 4%, at constant exchange rates and excluding a calendar effect.
To its next AGM Inditex's Board of Directors will propose a 9% increase in its dividend to E1.68 per share for 2024, to be paid in two equal installments on 2 May and 3 November.
Copyright (c) 2025 CercleFinance.com. All rights reserved.