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    ITX   ES0148396007

INDITEX

(ITX)
  Report
Real-time Estimate Cboe Europe  -  11:35:30 2023-02-08 am EST
28.86 EUR   +0.52%
02/07World Press Review: February 7
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02/03European Midday Briefing: Stocks Weighed by US Tech Weakness, Pre Jobs Data Caution
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02/03INDITEX : Deutsche Bank drops its Sell rating
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Inditex's Former CEO Carlos Crespo to Leave Company

11/21/2022 | 01:31am EST

By Joshua Kirby


Industria de Diseno Textil SA's chief operating officer, Carlos Crespo Gonzalez, will step down in the coming months, marking the latest stage of a management reshuffle that saw Mr. Crespo replaced as chief executive last year.

Mr. Crespo will leave the Spanish group, owner of Zara and other fashion brands, at the end of the fiscal year, Inditex said late Friday. The group's year runs until the end of January.

In November last year, Inditex set out a new management team. Marta Ortega Perez, a daughter of the company's founder, became chairwoman in March, replacing long-serving executive chairman Pablo Isla. Mr. Crespo was meanwhile replaced as chief executive by Oscar Garcia Maceiras, becoming COO and head of sustainable and digital transformation.

Inditex noted that Mr. Crespo had "significantly contributed to the internal reorganization process that began in November 2021."

Chief Sustainability Officer Javier Losada Montero has meanwhile been appointed to the management committee, Inditex said. The appointment of Mr. Losada to the committee confirms Inditex's commitment to sustainability in its own operations and in the wider industry, the company said.


Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby


(END) Dow Jones Newswires

11-21-22 0131ET

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Analyst Recommendations on INDITEX
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Financials
Sales 2023 32 174 M 34 411 M 34 411 M
Net income 2023 3 983 M 4 260 M 4 260 M
Net cash 2023 4 910 M 5 252 M 5 252 M
P/E ratio 2023 22,3x
Yield 2023 4,04%
Capitalization 89 337 M 95 548 M 95 548 M
EV / Sales 2023 2,62x
EV / Sales 2024 2,54x
Nbr of Employees 119 033
Free-Float 35,4%
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Technical analysis trends INDITEX
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 28,71 €
Average target price 28,18 €
Spread / Average Target -1,83%
EPS Revisions
Managers and Directors
Oscar García Maceiras Secretary, Executive Director & General Counsel
José Ignacio Fernández Chief Financial Officer
Marta Ortega Pérez Non-Executive Chairman
Gabriel Moneo Marina Chief Information Technology Officer
Emilio Saracho Rodríguez de Torres Independent Non-Executive Director
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