Inditex : Recent growth acceleration shows structural features, which bodes well for the years to come
>Latest data leads us to raise our estimates… - The +11% sales growth at constant FX from the latest trading update compares to the 7.4% we were previously expecting for FY 2024 or to 8.5% for Q1 2024, as mentioned in our latest note on the FY 2023 results, and shows that the company’s trend of strong growth continues. The 5% increase in gross space anticipated for 2024 should easily lead to a c.2% net space contribution. Over the last few years, such new space is co...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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