The Spanish Inditex group announced Wednesday a net profit increase of 5% to 2.501 million euros, in exercising 2014-2015 which ended in late January, thanks to improved sales and expansion .
The Spanish textile group Inditex, owner of the Zara brand, announced Wednesday a net profit increase of 5% to 2.501 million euros, in its 2014-2015 fiscal year, which ended in late January, thanks to improved sales and expansion.
The turnover increased 8% and totaled 18.117 million euros, the group said in a statement.
The benefit corresponds to the expected by analysts polled by agency financial information Factset, waiting half a score of 2,490 million euros.
The EBITDA the group founded by Amancio Ortega increased in the same period 5% and amounted to 4.103 million euros.
The growth of the textile group had slowed in 2013 by the adverse effects of exchange rates, which added to the economic difficulties in Spain, where he performed 20% of its sales.
In 2014, owns eight brands, including Massimo Dutti, Bershka and Stradivarius, Zara addition, the group also accused some unfavorable exchange rates, but less so. At constant exchange rates, sales increased 11 percent.
In addition, the Spanish economy was better, with a GDP growth of 1.4% last year.
Inditex continued its extension, opening 343 stores. It now has 6,683 in 88 countries and employs about 137,000 people.
The group invested nearly 1,400 million euros in these openings and the renovation of existing stores and deployment of a new look for its flagship Zara. In 2015 plans to invest 1,350 million euros.
“South Korea and Mexico joined the internet sales, so the Group is already present in 27 markets online. For 2015 is scheduled entry online store in Taiwan, Hong Kong and Macao “also detailed the company’s statement.
Inditex expects to pay a dividend of 0.52 euros per share, 7.5% more than in the previous year, and offer a portion of their employees an outstanding program of profit sharing.
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