Inditex : Strong results with accelerating revenue growth
>Results right in line, with a strong start in Q4 that bodes well for FY - Inditex’s Q3 2021 results were completely in line with our estimates, thanks to 1/ sales growth that remained as strong as anticipated in the latest trading update (sales 0.4% above our estimate); and 2/ to a continuation of the positive trends in gross profit (0.2% above our estimate) and operating expenses. The figures were, however, slightly above the consensus at the revenue level and in li...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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