Inditex closed the first nine months of its fiscal year with sales of 28,171 million euros, 2.7% more, and a net profit of 4,622 million, 3.9% higher than a year earlier, according to the financial information published today before the National Securities Market Commission (CNMV). Figures that result after concluding a third quarter, elapsed between the months of August and October, in which the growth rate seen in previous quarters improved.
The income generated in those three months amounted to 9,814 million, 5% more, once exchange rates were applied. The percentage is above analysts’ forecasts, which estimated an improvement of close to 4% in that quarterly period.
In local currency the growth would be 8.4%, which implies that Inditex has managed to maintain part of the pace with which it started this period, despite the fact that the forecasts spoke of a sectoral worsening in Europe that would affect the Galician giant.
However, this, which has also confirmed before the CNMV the appointment of Deloitte as auditor from 2027 to replace EY, has been able to maintain its momentum, after growing below 2% in the first two quarters.
A trend that continues at the start of the quarter, which covers the Black Friday, Christmas and January sales campaigns, and which is the one with the highest sales volume. This has started with a 10.6% improvement in sales in local currency between November 1 and December 1. Until November 24, the percentage was 9%, which speaks of a positive Black Friday for the company.
News in development. There will be expansion
