April 20, 2021

Inditex earns 2,438 million in nine months, 4.1% more

Inditex earns 2,438 million in nine months, 4.1% more



Inditex, owner of brands such as Zara or Massimo Dutti, achieved a net profit of 2,438 million euros in the first nine months of its fiscal year (February to October), 4.1% more than a year earlier, while its sales rose 2.6% and totaled 18,437 million, the group reported today.

The gross operating profit (EBITDA) rose almost 3% to 3,932 million.

The gross margin, the difference between the price without VAT of a product and its cost of production and therefore measures the profit obtained by a company for it, stood at 58%, 56 basis points more than a year earlier.

.



Source link