MADRID, 13 Sep. (EUROPA PRESS) –
Inditex shares led the falls of the Ibex 35 shortly after the opening, at 9:05 a.m., and fell 1.63%, until trading at a price of 35.205 euros, despite presenting record semi-annual results and exceeding forecasts of the analysts.
Specifically, Inditex recorded a net profit of 2,513 million euros during the first half of its fiscal year 2023-2024 (between February 1 and July 31), which represents an increase of 40.1% compared to the same period of one year before, as reported this Wednesday by the company.
Thus, sales grew by 13.5% and reached 16,851 million euros, with a “very satisfactory” evolution both in store and online and increases in all geographical areas and in all formats, while sales to constant exchange rate grew by 16.6%.
The gross operating result (Ebitda), for its part, grew by 15.7%, up to 4,663 million euros, while the net operating result (Ebit) grew by 30.2%, up to 3,164 million euros, and the result before taxes increased by 39%, reaching 3,252 million euros.
“The results in this semester demonstrate that the talent of our teams consolidates the improvements in the performance of the business model. The permanent commitment to creativity, product quality and customer experience, as well as the determined progress in sustainability, make up a strategy that takes our business model to a higher level,” highlighted the CEO of Inditex, Oscar García Maceiras.
The net financial position grew by 14.1% over 1H2022, up to 10,546 million euros at the end of the first half of fiscal 2023.
