Edition:
United Kingdom

Industria de Diseno Textil SA (ITX.MC)

ITX.MC on Madrid SE C.A.T.S.

28.00EUR
18 Apr 2019
Change (% chg)

€0.70 (+2.56%)
Prev Close
€27.30
Open
€27.34
Day's High
€28.14
Day's Low
€27.33
Volume
5,331,819
Avg. Vol
2,976,649
52-wk High
€30.30
52-wk Low
€21.85

Latest Key Developments (Source: Significant Developments)

Inditex FY Net Profit Up 2 Pct At 3.44 Bln Euros YoY
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Industria de Diseno Textil SA ::FY NET PROFIT 3.44 BILLION EUROS VERSUS 3.37 BILLION EUROS YEAR AGO.FY EBITDA 5.46 BILLION EUROS VERSUS 5.28 BILLION EUROS YEAR AGO.FY NET SALES 26.15 BILLION EUROS VERSUS 25.34 BILLION EUROS YEAR AGO.STORE AND ONLINE SALES IN LOCAL CURRENCIES INCREASED 7 PERCENT FROM 1 FEBRUARY TO 9 MARCH 2019.TO START APPLYING IFRS 16 IN FY 2019.GROSS MARGIN REACHED 56.7 PERCENT (+39 BPS), INVENTORY GREW 1 PERCENT IN FY 2018.IMPLANTATION OF IFRS 16 WILL HAVE NO MATERIAL IMPACT ON CASHFLOWS OR THE BUSINESS.UNDER CURRENT ESTIMATES IT WILL RESULT IN AN INCREASE IN FY 2019 NET INCOME OF 2 PERCENT TO 4 PERCENT OVER FORMER IAS 17, AND LEASE LIABILITIES OF 6.5 BILLION TO 6.9 BILLION EUROS.MANAGEMENT ESTIMATES LIKE-FOR-LIKE SALES GROWTH OF 4 PERCENT TO 6 PERCENT IN FY 2019.TO PROPOSE ORDINARY DIVIDEND OF 0.66 EUROS PER SHARE AND A BONUS DIVIDEND OF 0.22 EUROS PER SHARE FOR FY 2018.LIKE-FOR-LIKE SALES GROWTH UP 4 PERCENT VERSUS 5 PERCENT IN FY 2017.IN FY 2019 ESTIMATES GROSS SPACE GROWTH IN PRIME LOCATIONS BETWEEN 5 PERCENT TO 6 PERCENT.SEES ESTIMATED LIKE-FOR-LIKE SALES GROWTH OF 4 PERCENT TO 6 PERCENT IN FY 2019.ORDINARY CAPITAL EXPENDITURE IN FY 2019 WILL BE APPROXIMATELY 1.4 BILLION EUROS.TO LAUNCH ZARA ONLINE SALES IN BRAZIL IN MARCH 2019.IN MAY, ZARA EXPECTS TO LAUNCH ONLINE SALES IN DUBAI, EGYPT, INDONESIA, ISRAEL, LEBANON, MOROCCO, SAUDI ARABIA, SERBIA AND UAE.  Full Article

Inditex H1 Net Sales Up 3 Pct At 12.03 Bln Euros YoY
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Industria de Diseno Textil SA ::H1 NET SALES REACHED EUR 12.03 BILLION, 3% HIGHER THAN IN 1H2017.H1 NET PROFIT 1.41 BILLION EUROS VERSUS 1.37 BILLION EUROS YEAR AGO.H1 EBITDA CAME TO EUR 2.34 BILLION, 2% HIGHER THAN THE PRIOR YEAR (+14% IN LOCAL CURRENCIES).SALES IN LOCAL CURRENCIES INCREASED BY 8 PERCENT.MANAGEMENT ESTIMATES LIKE-FOR-LIKE SALES GROWTH OF 4-6% IN 2H2018.ORDINARY CAPITAL EXPENDITURE IN FY2018 WILL BE ABOUT EUR 1.5 BILLION.ORDINARY CAPITAL EXPENDITURE IS EXPECTED TO GROW BELOW SPACE GROWTH IN THE COMING YEARS.  Full Article

Inditex FY Net Profit Up 7 Pct At 3.37 Bln Euros YoY
Wednesday, 14 Mar 2018 

March 14 (Reuters) - INDUSTRIA DE DISENO TEXTIL SA ::FY SALES 25.34 BILLION EUROS VERSUS 23.31 BILLION EUROS YEAR AGO.FY NET PROFIT 3.37 BILLION EUROS VERSUS 3.16 BILLION EUROS YEAR AGO.FY EBITDA 5.28 BILLION EUROS VERSUS 5.08 BILLION EUROS YEAR AGO.SAYS STORE AND ONLINE SALES IN LOCAL CURRENCIES HAVE INCREASED BY 9 PERCENT FROM 1 FEBRUARY TO 11 MARCH.TO PROPOSE A DIVIDEND INCREASE OF 10.3 PERCENT TO EUR 0.75 PER SHARE.  Full Article

Inditex To Sell Various Stores In Spain As Part Of Rental Policy
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Industria de Diseno Textil SA (Inditex) ::EXCHANGE IMPACT FOR 9 MONTHS IS OF -1 PERCENT, SEES FY IMPACT -1 PCT/ -1.5 PCT‍​.TO SELL VARIOUS STORES IN SPAIN ACQUIRED IN THE 90'S, PART OF STORES RENTAL POLICY‍​.  Full Article

Inditex 9-Month Net Profit Up 6 Pct YoY
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - INDITEX ::9-MONTH NET PROFIT 2.34 BILLION EUROS VERSUS 2.21 BILLION EUROS YEAR AGO.9-MONTH EBITDA 3.82 BILLION EUROS VERSUS 3.61 BILLION EUROS YEAR AGO.9-MONTH SALES 17.96 BILLION EUROS VERSUS 16.40 BILLION EUROS YEAR AGO.SALES IN LOCAL CURRENCIES UP 13 PERCENT FROM NOV. 1 TO DEC. 11.  Full Article

Spain's Inditex says sees stable gross margin this year
Wednesday, 20 Sep 2017 

Sept 20 (Reuters) - Spain's Inditex ::Says will see stable gross margin for full year.Says gross margin in first half is satisfactory and globally stable.Says Spanish market performance 'very healthy'.  Full Article

Inditex H1 net profit up 9 pct at 1.37 bln euros YoY
Wednesday, 20 Sep 2017 

Sept 20 (Reuters) - IDUSTRIA DE DISENO TEXTIL SA ::H1 NET PROFIT 1.37 BILLION EUROS VERSUS 1.26 BILLION EUROS YEAR AGO.H1 SALES 11.67 BILLION EUROS VERSUS 10.47 BILLION EUROS YEAR AGO.H1 EBITDA 2.29 BILLION EUROS VERSUS 2.11 BILLION EUROS YEAR AGO.SALES AT CONSTANT EXCHANGE RATES UP 12 PERCENT FROM AUG. 1 TO SEPT. 17.  Full Article

Inditex continues growth in sales on LFL basis in Spain - conf call‍​
Wednesday, 14 Jun 2017 

June 14 (Reuters) - INDUSTRIA DE DISENO TEXTIL SA ::SAYS CONTINUES GROWTH IN SALES ON LIKE-FOR-LIKE BASIS IN SPAIN, BUSINESS CONTINUES "VERY HEALTHY"‍​.REITERATES DOES NOT SEE DECREASE IN GROSS MARGIN IN 2017.  Full Article

UPDATE 2-Intu sells shopping centre stake to Kuwait-backed fund to cut debt

* Liberum analyst says sale price supports valuations (Adds details on sale, retail sector, debt)