Inditex It sold more but it achieves one lower benefit. The textile company closed the first semester of the year 2014 (from February 1 to July 31) with a net profit of 928 million euros, front of the 951 in the same half of last year, down 2.4%. On the other hand, sales increased from 7.655 million euros to 8.085, a 6% more.
Despite the fall of the benefit Inditex exceeded expectations set by analysts from Reuters who expected a net profit of 907 million euros. The fall in the different types of change in coins and the expenses and investments in the renewal of the shops or on different aspects of the company also hinder this benefit.
Also lowered the gross profit operating (ebitda), to 1.617 billion euros compared to the previous 1,624, and the net operating profit (ebit), of 1,219 million 2013 to 1.194 this year.
The progress of the second semester is optimistic for Inditex. Sales at constant exchange rate increased by 10% between August 1 and September 12.
Inditex grows in Europe
Inditex grew in all markets in which it is located. Sales at constant exchange rate grew by 11% and stores open less than a year (in comparable stores sales) rose 4.5%.
Europe grows in Inditex counts: now accounts for 45.6% of sales compared with 44.6% of the half of 2013. Spain remains a 19.3%. Asia also repeated with a 21.7% while the weight of America back from 14.4% to 13.4%.
At the end of the first half of 2014 Inditex had with 6.460 stores in 88 markets. During this period they opened 120 shops in 40 different markets. And at the same time continue renewing the image of their establishments as we have seen in Zara or Massimo Dutti line with big macrotiendas.
Your online market also continues to grow and South Korea will be the next country to receive the Zara store after opening in Mexico, the first in Latin America.
Official site | Inditex
Inditex in Jezebel
- Zara opened its online store in Mexico, the first in Latin America
- Inditex won 7.3% less in the first quarter of 2014
- Zara conquers Serrano Street with its new Megastore
- Zara Home and Uterqüe, the face and the cross of the Inditex brands in 2013