Inditex published a reassuring set of 9-month results, increasing our confidence for the quarter ahead despite the softer market trends.
The gross profit for the first nine month reached €13.5bn, reflecting a gross margin of 58.7%, ahead of our expectations.
The group confirmed that sales between 1 Nov and 8 Dec increased by 12% vs. same period in 2021, indicating an encouraging start for Q4 22.
14 Dec 2022
On track to deliver another good year
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On track to deliver another good year
- Published:
14 Dec 2022 -
Author:
Jie Zhang -
Pages:
3
Inditex published a reassuring set of 9-month results, increasing our confidence for the quarter ahead despite the softer market trends.
The gross profit for the first nine month reached €13.5bn, reflecting a gross margin of 58.7%, ahead of our expectations.
The group confirmed that sales between 1 Nov and 8 Dec increased by 12% vs. same period in 2021, indicating an encouraging start for Q4 22.