The Zara owner has released strong quarterly figures boosted by favourable market momentum. Q1 sales were up 12.5% in local currencies to €5,569m. Favourable forex moves raised the reported growth to 14.1% and the gross margin to 58.2% (+10bp). The gross profit edged up 14.3% to €3,240m. Tight management of costs has underpinned the margins. The EBITDA margin has strengthened by 40bp to 20% and EBITDA came to €1,113m (+17%). The operating profit was up 18% to €834m, i.e. a

14 Jun 2017
Double-digit profit growth in Q1

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Double-digit profit growth in Q1
Industria de Diseno Textil, S.A. (ITX:WBO) | 0 0 1.6% | Mkt Cap: 83,713m
- Published:
14 Jun 2017 -
Author:
Rim BEN SALAH - Pages:
-
The Zara owner has released strong quarterly figures boosted by favourable market momentum. Q1 sales were up 12.5% in local currencies to €5,569m. Favourable forex moves raised the reported growth to 14.1% and the gross margin to 58.2% (+10bp). The gross profit edged up 14.3% to €3,240m. Tight management of costs has underpinned the margins. The EBITDA margin has strengthened by 40bp to 20% and EBITDA came to €1,113m (+17%). The operating profit was up 18% to €834m, i.e. a