He Inditex group has released just a few hours ago the results for the year corresponding to the first half of 2018. The uncertainty has flown over the company since last August Morgan Stanley I had doubts about the new model that the Galician giant had launched. Inditex suffered considerable stock-market declines in the previous days, experiencing yesterday, coinciding with the publication of the results, an increase of 4.11% in the value of its shares, up to 26.57 euros.
Inditex continues to growPablo Isla during the press conference in Milan on September 4, 2018
The omens of the specialized press were not flattering, but once again Inditex has surprised again to all with results that show that they are still strong and continue to adapt to the times. The crisis of the "retail" is palpable, but they have advanced to it turning their course towards an integration with the online commerce.
The Galician group has increased its business by 3% in the first half of the year (from February 1, 2018 to July 31 of the same year) reaching a turnover of 12,025 million euros compared to 11,671 million euros recorded in the first half of 2017. The same growth figure is also found in the net result of the company estimated at 1,409 million euros.
Thus, constant exchange rate sales (always taking the same value of currencies in companies with presence in different markets) increase by 8% Y comparable sales (those that are compared with those that have been done in the last two complete exercises) increased by 4% being positive in all geographical areas.
More economic data for the first half of 2018Zara's The Knits Fall 2018 Campaign
- Gross margin stood at 6,817 million euros, 4% higher than the first half of 2017 (+ 10% at constant exchange rate), and represents 56.7% of Sales (+30 basis points). Management estimates a gross margin expansion of approximately +50 basis points in 2H2018.
- Operating result (EBITDA = the profit of the company before taking into account interest, taxes, depreciation and amortization) of the first half of 2018 stood at € 2,343 million, 2% higher than the same period of the previous year (+ 14% at constant exchange rate).
- The operating result (EBIT = the profit of the company before taking into account interest and taxes) stood at 1,784 million euros, an increase of 2% (+ 17% at constant exchange rate).
Pull & Bear advances Massimo Dutti with a growth of 11.2%
The young clothing chain of the Galician group, Pull & Bear, advances billing to Massimo Dutti, thus reaching the bronze medal behind Zara and Bershka. All other firms grow except Zara Home, which has the same turnover as the previous year.Billing in millions of euros of the different firms of the Inditex Group. Source: self made
Sales, both online and offline, continue to play an important role in Spain (16%) and in Europe excluding Spain (44%) but also present in Asia and RdM (25%) and America (15%).
Source | Inditex
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