Inditex: net income of E2.8 billion for 1st half (+10.1%)

(CercleFinance.com) - The group announces sales up 7.
2% to 18.1 billion euros in the 1st half. At constant exchange rates, sales were up 10.2%.

In the first half of 2024, openings were completed in 34 markets. At the end of the period, Inditex operated 5,667 stores.

Gross margin rose by 7.5% to 10.5 billion euros. Gross margin reached 58.3% (+19 bp).

EBITDA rose by 8.1% to 5.0 billion euros. EBIT rose by 11.9% to 3.5 billion euros. Net income rose by 10.1% to 2.8 billion euros.

The net cash position increased by 3.5% to 10.9 billion euros at the end of the first half of 2024 compared with the same period last year.

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