The markets have rewarded the results Inditex Known this Wednesday, which the textile giant informed Record profits amounted to 4,622 million euros In the first nine months of its fiscal year, sales increased by 2.7% to 28,171 million euros. This best performance was well received by investors, through the strong rise of the stock on the IBEX 35 index. Specifically, the company’s shares recorded after the first hour of the session Increases greater than 8% and Close to 53 euros per share.
Inditex performed well in this cycle I took Ibex35 to a new historic ceiling In the early morning, it recorded an increase of about one and a half percentage points, reaching about 16,711 points. Thanks to the company founded by Amancio Ortega. It is also useful that some banking stocks such as Sabadell (1.95%) or Caixabank (0.47%) maintain positive performance alongside prominent stocks such as Indra (1.52%), ACS (1.52%), Naturgy (+1.30%)) or Cellnex (2.37%) and others.
Inditex picks up speed
The textile group, which owns well-known brands such as Zara, Massimo Dutti, Stradivarius and Pull & Bear, also reported that EBITDA (EBITDA) by 4.2%, reaching 8,303 million euros in the same period. For her part, Sales during the first nine months of the fiscal year (from February to October) It grew by 2.7% to reach 28,171 million Euro with a fixed exchange rate increase of 6.2%. Only in the third quarter, from August to October, the textile group accelerated and achieved its milestones An increase of 4.9% to 9.814 million Euro with a fixed exchange rate increase of 8.4%.
This is assumed A clear improvement in the performance of the textile giant compared to the beginning of the year And above analysts’ expectations, although growth is still far from last year’s numbers when the profit increase was 8.5% and trading volume increased 7.1%. All this, while achieving new openings in 39 markets, most of them for the Zara brand, in USA (Las Vegas, North Carolina), Japan (Osaka), Germany (Hamburg), Netherlands (Maastricht…), Italy (Rome) or Spain (Zara Qatari in Barcelona).