Inditex : Trading update at +14% shows continued strength while opex performs well; guidance on gross margin increased to c.+75bp in FY 2023
>EBITDA 3.5% above with slightly better performances in all the cost lines - Inditex’s Q3 2023 results were slightly above our estimates at the P&L level due to a slightly lower sales performance (2.1% below our estimates) being more than offset by a strong gross margin (61.7% vs 60.1% expected) which resulted in a higher gross profit (€ 25m or 0.5% above), and better opex (2.5% below our estimates) leading to EBITDA being 3.5% above our estimate. Reported sales were...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.