Inditex : Outperformance remains with a strong outlook
>EBITDA 3% above with slightly better performances in all lines - Inditex’s Q2 2023 results were slightly above our estimate at the P&L level due to a slightly better sales performance (1.3% above our estimates) and a strong gross margin (56.3% vs 56.2% expected) which resulted in a higher gross profit (€67m or 1.3% above), leading to EBITDA being 3.4% above our estimate. Reported sales were € 9,240m (€ 118m, or 1.3% above ODDO BHFe), gross profit was € 5,198m, with ...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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