Inditex Delivers Solid Results, Plans Global Online Rollout; Shares Attractive
We are maintaining our fair value estimate of EUR 31 per share for Inditex as the company reported first-half results broadly in line with our full-year estimates. We believe that Inditex is well positioned to gain further share in the fragmented global apparel market and see shares as attractive after the recent sell-off.Revenue came in at 8% in constant currency, with a 5% currency headwind, broadly in line with our full-year estimates. We expect currency headwinds to moderate in the second ...
Industria de Diseno Textil Inditex is the parent company of a group engaged in apparel and footwear manufacturing and retailing. The Group is made up of fashion retail chains, textile manufacturing, purchasing and fabric treating companies, logistics and construction companies which are responsible for store refits and manufacturing structure. Products include men's, women's and children's wear collections, footwear, and women's lingerie which are sold through the Group's retail store chains of: Zara, Kiddy's Class, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, and Oysho and Zara Home.
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