Bryan Garnier - Inditex (ITX SM) (ITX SM) INDITEX: Forecast adjustments ahead of Q1 publication | BUY | EUR28 vs. EUR30 (+24%)

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Bryan Garnier

Cedric Rossi

INDITEX: Forecast adjustments ahead of Q1 publication | BUY | EUR28 vs. EUR30 (+24%)

INDITEX - BUY | EUR28 vs. EUR30 (+24%)
Forecast adjustments ahead of Q1 publication

Q1 2020: we anticipate 38% revenue drop...
... whilst earnings are expected to bottom out
ITXâ€™s full-integrated approach affected by sanitary measures
Buy rating maintained, FV adjusted to EUR28

15/05/2020 5 EN

Underlying

Inditex (ITX SM)

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Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Cedric Rossi

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INDITEX: Forecast adjustments ahead of Q1 publication | BUY | EUR28 vs. EUR30 (+24%)

INDITEX: 1Q’25 RESULTS (ANÁLISIS BANCO SABADELL)

INDITEX: RDOS. 1T’25 (ANÁLISIS BANCO SABADELL)

IBERIAN DAILY 11 JUNE (ANÁLISIS BANCO SABADELL)

H&M: modest signs of improvement

Emerging consolidator in Germany’s optical retail sector

Fastned: EUR34.7m bond issue

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