Inditex : Top line growth and solid margins to continue proving the company’s strength
>Q4 2023 should maintain strong top line growth - We expect Q4 results (to be published on 13 March) to maintain strong sales growth of 8.6% y-o-y following the positive data reported in 9M and assuming a deceleration in the second half of the quarter (similar to the one experienced during Q3): trading update was +14% y-o-y sales growth at constant FX from 1 November to 11 December, which compares to +14.9% in 9M. In fact, we are estimating +12% at constant FX, as we...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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