Inditex: H1 results in line with consensus

(CercleFinance.com) - The Inditex stock is up 0.
5% in Madrid, following the Spanish textile group's publication of H1 net income that is up 3% at 1.4 billion euros, roughly in line with the consensus.

The parent company of the Zara brand saw its operating profit increase by 2% to nearly 1.8 billion euros, for sales growth of 3% at 12 billion euros (+8% in local currencies and +4% on a comparable basis).

Announcing that consumers have warmly welcomed its first autumn and winter collections, Inditex management expects 4%-6% sales growth on a like-for-like basis over the second half of the year.


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