Inditex improved recovery results in 2015 by Spain and global expansion – Investing.com Spain

MADRID (Reuters) – The Galician textile group Inditex (MC :), owner of the Zara brand, reported in its fiscal year 2015 attributable profit of 2,875 million euros, an increase of 15 percent over the previous year, the company said Wednesday.

analysts polled by Reuters had expected on average a net profit of 2.881 million euros.

the Spanish fashion giant said sales rose last year (February 2015 to January 2016) by 15.4 percent to 20,900 million euros, also in line with analysts’ forecasts (20,897,000 euros). At constant exchange rates, the increase was 15 percent.

Inditex has more than 7,000 stores in 88 countries, of which about half are billed in currencies outside the euro.

the gross margin fell by 50 basis points to 57.8 percent of sales (58.3% in 2014).

On the first quarter of 2016 (February to April), the textile group said sales in store and online at constant exchange rates increased by 15 percent between February 1 and 7 March.

Together with the results, Inditex announced a 15.4 percent increase in the dividend to 0.60 euros per share.

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