Inditex : Weak results due to higher impact from closures and higher opex, with strong trading update and guidance
>Strong sales deceleration act as a drag on the quarter - Inditex’s Q4 2021 results were below our estimates, due to a higher negative impact on sales than expected from the closures and restrictions derived from the Omicron breakout at the end of the quarter (sales 2.5% below our estimates). This shortfall fed through to the rest of the P&L as it was impossible for the company to react, but opex was also higher than expected (€ 213m or 8.7% above our estimates) leadi...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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