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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Industria de Diseño Textil, S.A.    ITX   ES0148396007

INDUSTRIA DE DISEÑO TEXTIL, S.A.

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Inditex Industria de Diseño Textil : 1Q Net Profit, Sales Rose

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06/12/2019 | 02:31am EDT

By Cristina Roca

Inditex (ITX.MC) said Wednesday that its first-quarter net profit rose, and backed its guidance.

The Spanish fashion giant said net profit for the quarter ended April 30 was 734 million euros ($830.9 million), up 9.9% from EUR668 million for the same period the previous year. The result was slightly better than analysts' expectations of EUR731.5 million, according to a consensus estimate provided by FactSet.

The owner of Zara said sales for the quarter were EUR5.93 billion, up 5% from EUR5.65 billion year-on-year but below analysts' expectations of EUR6.08 billion, according to FactSet. Sales grew 5% in local currencies, Inditex said.

Commenting on the start to its second fiscal quarter, the company said that store and online sales in local currencies grew 9.5% in the May 1-June 7 period.

Inditex, which also owns the Pull&Bear, Massimo Dutti, and Bershka labels, said its gross margin expanded to 59.5% from 58.9%.

Earnings before interest and tax margin was 16.5% compared to 15.1% a year ago, Inditex said.

Inditex reiterated its guidance of 4%-6% like-for-like sales growth for the full fiscal year.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

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Financials (EUR)
Sales 2020 28 029 M
EBIT 2020 4 953 M
Net income 2020 3 792 M
Finance 2020 8 140 M
Yield 2020 3,67%
P/E ratio 2020 23,3x
P/E ratio 2021 22,0x
EV / Sales2020 2,87x
EV / Sales2021 2,66x
Capitalization 88 608 M
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Technical analysis trends INDUSTRIA DE DISEÑO TEXTIL
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 28,97  €
Last Close Price 28,45  €
Spread / Highest target 23,0%
Spread / Average Target 1,84%
Spread / Lowest Target -29,7%
EPS Revisions
Managers
NameTitle
Carlos Crespo González Chief Executive Officer & Executive Director
Pablo Isla Álvarez de Tejera Executive Chairman
José Ignacio Fernández Chief Financial Officer
Amancio Ortega Gaona Non-Executive Director
Emilio Saracho Rodríguez de Torres Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
INDUSTRIA DE DISEÑO TEXTIL, S.A.27.29%98 706
KERING14.10%66 416
FAST RETAILING CO., LTD.28.47%64 159
ROSS STORES37.18%40 886
HENNES & MAURITZ62.95%34 990
ZALANDO85.07%11 774