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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Industria de Diseño Textil, S.A.    ITX   ES0148396007

INDUSTRIA DE DISEÑO TEXTIL, S.A.

(ITX)
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Delayed Quote. Delayed Bolsas y Mercados Espanoles - 09/25 11:38:00 am
23.42 EUR   -0.26%
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Industria de Diseño Textil S A : Zara Owner Inditex Swung to 1st Half Net Loss Amid Coronavirus Hit

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09/16/2020 | 02:39am EDT

By Mauro Orru

Industria de Diseno Textil SA, the owner of Zara known as Inditex, said Wednesday that it swung to a net loss for the first half of its year while sales plunged as it reeled from the impact of temporary store closures due to coronavirus lockdown measures.

The Spanish fashion giant, which also owns Oysho, Massimo Dutti and Pull&Bear, reported a net loss of 195 million euros ($231 million) for the six months ended July 31 compared with a net profit of EUR1.55 billion a year earlier.

The result includes a EUR308 million provision for its store-optimization program. The company previously said it would close between 13% and 16% of its total store network as part of a 2020-22 strategy.

Inditex posted a first-half loss before interest and taxes of EUR198 million compared with earnings of EUR2.04 billion, while earnings before interest, taxes, depreciation, and amortization dropped to EUR1.49 billion from EUR3.45 billion.

Net sales slipped to EUR8.03 billion from EUR12.82 billion, although online sales grew 74%.

The company said it is seeing a rapid recovery in operations heading into the second half.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

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Financials
Sales 2021 21 758 M 25 314 M 25 314 M
Net income 2021 1 491 M 1 734 M 1 734 M
Net cash 2021 3 939 M 4 583 M 4 583 M
P/E ratio 2021 47,7x
Yield 2021 2,52%
Capitalization 72 942 M 84 748 M 84 861 M
EV / Sales 2021 3,17x
EV / Sales 2022 2,59x
Nbr of Employees 122 745
Free-Float 35,5%
Chart INDUSTRIA DE DISEÑO TEXTIL, S.A.
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Industria de Diseño Textil, S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends INDUSTRIA DE DISEÑO TEXTIL, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 26,76 €
Last Close Price 23,42 €
Spread / Highest target 31,1%
Spread / Average Target 14,2%
Spread / Lowest Target -33,7%
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
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