Bryan Garnier - Inditex (ITX SM) (ITX SM) INDITEX: Sound Q1 2022 results confirm that Inditex is a safe-haven choice in retailing | BUY | EUR32

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Bryan Garnier

Cedric Rossi

INDITEX: Sound Q1 2022 results confirm that Inditex is a safe-haven choice in retailing | BUY | EUR32

INDITEX - BUY | EUR32
Sound Q1 2022 results confirm that Inditex is a safe-haven choice in retailing

Q1 sales growth of 36% to EUR6.7bn, beating CS expectations by c.8%
Resilient margins despite one-off EUR216m provision related to Russia/Ukraine
Inventory inflation remains under control
Reassuring current trading with sales between 1st May and 5th June up 17% YoY and 23% Yo3Y.

08/06/2022 1 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: Sound Q1 2022 results confirm that Inditex is a safe-haven choice in retailing | BUY | EUR32

INDITEX: 4Q'23 RESULTS (ANÁLISIS BANCO SABADELL)

INDITEX: RDOS. 4T’23 (ANÁLISIS BANCO SABADELL)

IBERIAN DAILY 13 MARCH (ANÁLISIS BANCO SABADELL)

BONESUPPORT: debuts 2024 with strong financial results

ONWARD: reports FY 2023, all focus set on ARC-EX US launch in H2 2024

Vantiva: Accelerated synergy extraction amid challenging start to the year

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