Inditex H1 Net Sales Up At 18.07 Bln Euros YoY
Sept 11 (Reuters) -Industria de Diseno Textil SA ITX.MC:
H1 NET SALES 18.07 BILLION EUROS VERSUS 16.85 BILLION EUROS YEAR AGO
H1 NET INCOME INCREASED 10.1% TO €2.8 BILLION
H1 EBITDA 5.04 BILLION EUROS VERSUS 4.66 BILLION EUROS YEAR AGO
IN 2024, INDITEX EXPECTS A STABLE GROSS MARGIN (+/-50 BPS)
STORE AND ONLINE SALES IN CONSTANT CURRENCY BETWEEN AUG 1 AND SEPT 8 UP 11% VERSUS SAME PERIOD 2023
AT CURRENT EXCHANGE RATES, INDITEX EXPECTS A -3.0% CURRENCY IMPACT ON SALES IN 2024
GROWTH OF ANNUAL GROSS SPACE IN PERIOD 2024-2026 IS EXPECTED TO BE AROUND 5%
EXPECTS ORDINARY CAPITAL EXPENDITURE OF 1.8 BILLION EUROS IN 2024
FY2023 FINAL DIVIDEND OF €0.77 PER SHARE WILL BE PAID ON NOV 4
Source text: https://tinyurl.com/2jxpvn22
Further company coverage: ITX.MC
(Gdansk Newsroom)
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