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Inditex H1 Net Profit Up At 1.5 Bln Euros
Inditex Says IFRS 16 To Result In Estimated Increase Of 2%-4% In 2019 Net Profit
Inditex Q1 gross margin evolution supported by full-price sales - Chairman
Industria de Diseno Textil SA, known as Inditex SA, is a Spain-based company primarily engaged in the textile industry. The Company’s activities include the design, confection, manufacturing, distribution and retail of men, women and children apparel, footwear and fashion accessories, as well as home furnishings and household textile products. The Company’s business is divided into three segments: Zara, which provides various fashion and home items under the Zara brand name; Bershka, offering clothes under the Bershka brand name, which aims at teenagers, and Other, which retails apparel under Stradivarius, Oysho, Pull&Bear and Massimo Dutti brand names, among others. The Company operates worldwide through numerous subsidiaries. It is controlled by Pontegadea Inversiones SL.
Edificio Inditex, Avda. Diputacion, s/n
Pablo Isla Alvarez de Tejera
Chief Executive Officer, Chairman of the Board, Executive Director
Jose Arnau Sierra
Vice Chairman of the Board
Ignacio Fernandez Fernandez
General Director of Finance
Gabriel Moneo Marina
Chief IT Officer
Javier Monteoliva Diaz
Director of Legal Affairs
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Sweden's H&M <HMb.ST> reported no sales growth for a full six months on Friday, as the world's second-largest fashion retailer struggles to get customers through its doors and loses further ground to rival Inditex.
* FY SALES 25.34 BILLION EUROS VERSUS 23.31 BILLION EUROS YEAR AGO
Zara, the fashion chain owned by the world's biggest clothing retailer Inditex <ITX.MC>, will introduce augmented reality displays from April, it said on Tuesday, in an effort to lure millennials into its stores.
Shares in Zara fashion chain owner Inditex fell more than 7 percent to a three-year low on Friday after JP Morgan cut its price target for the company weeks before it is due to report annual results.
* APRANGA GROUP EXTENDS SUCCESSFUL COLLABORATION WITH INDITEX
Nestle proposed three new independent directors to its board on Thursday, as the world's largest food company seeks to accelerate its transformation into a health-conscious company.
* BOARD ALSO PROPOSES INDIVIDUAL RE-ELECTION OF CHAIRMAN AND OTHER CURRENT MEMBERS OF BOARD
Inditex <ITX.MC>, the world's biggest clothes retailer and owner of Zara, reported a slowdown in sales growth in its third quarter as Europe's warm autumn kept shoppers away, though it pointed to a brighter end of the year.
* EXCHANGE IMPACT FOR 9 MONTHS IS OF -1 PERCENT, SEES FY IMPACT -1 PCT/ -1.5 PCT
Inditex, the world's largest clothing retailer, on Wednesday reported net profit to September of 2.3 billion euros ($2.7 billion), up 6 percent from a year earlier.
* 9-MONTH NET PROFIT 2.34 BILLION EUROS VERSUS 2.21 BILLION EUROS YEAR AGO
* Banks in focus ahead of Fed policy decision (Recasts, adds details, closing prices)
* Gross sales margin hurt by strong euro (Adds share price, comments from conference call)
* Says gross margin in first half is satisfactory and globally stable
The world's largest clothing retailer, Inditex, on Wednesday reported first half net profit of 1.37 billion euros ($1.64 billion), slightly missing a polled forecast, on sales of 11.67 billion euros.
Inditex <ITX.MC>, the world's biggest clothing retailer and owner of the Zara brand, stretched its lead over rivals like H&M <HMb.ST> with an 18 percent rise in first-quarter profit, but saw sales growth slow slightly in recent weeks.
* SAYS CONTINUES GROWTH IN SALES ON LIKE-FOR-LIKE BASIS IN SPAIN, BUSINESS CONTINUES "VERY HEALTHY"
Inditex, the world's biggest fashion retailer, reported on Wednesday a 18 percent rise in first-quarter net profit from the year before to 654 million euros ($733.40 million), in line with analysts' forecasts.
* Q1 NET PROFIT 654 MILLION EUROS VERSUS 554 MILLION EUROS YEAR AGO
Amancio Ortega, founder of the world's biggest clothing retailer Inditex and Europe's richest man, has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.