Inditex : Delivery continues at a rapid pace
>Q2 2023 to maintain very strong growth despite some headwinds from the USD that should remain until Q4… - We expect Q2 results to maintain strong sales growth of 12.6% y-o-y following the positive data reported in Q1 and assuming some deceleration in the second half of the quarter from a very strong start (trading update was +16% y-o-y at constant FX from 1 May to 4 June). In fact, we are estimating +14.8% at constant FX, as we expect FX to be a headwind with a -2.2%...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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