The results of Inditex (ITX.ES) have already been published and the textile company has once again set new benchmarks for sales and record profits. Despite the fact that the market sentiment today makes sales predominate, since the company corrects at the beginning of the session. This may be a collection of benefits after staying in the high zone of the last two years. The detail of their results is as follows:
Sales: €32,569 million euros (+17.5% over 2021; +18% at constant exchange rates)
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Open account Try demo Download mobile app Download mobile app- In stores: +23% traffic in stores, even with 10% fewer stores and a 6% reduction in retail space compared to 2021.
- Online: +4% over 2021, reaching €7,806 million.
Sales growth by format (brand): +18% over 2021.
source: IR Inditex
The Spanish market continues to be the main geographical area for the company, with America being the second by weight of the business:
source: IR Inditex
Gross Margin: +17% over 2021, up to 57% or €18,559 million.
Net Profit: Reached €4,130 million, 27% more than in 2021.
Inditex's net financial position highlighted the solid business execution model, growing 8% and reaching a new record position of €10,070 million.
ITX.ES, D1: After the presentation of results, the textile company faces a collection of benefits. However, the bullish context remains within the bullish channel where the next price reference would be at €30 per share. Source: xStation5
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