Inditex turnover reaches €6.7bn in 2005, 21% higher than last year
29 Mar '06
3 min read
The growth of the selling area of the Group in Asia-Pacific will be more than twice the average growth of the Inditex Group worldwide. By the end of FY2006, the company will open first store in Korea, via a 'joint-venture' agreement entered into with retail group Lotte, whereby Inditex has an 80 percent stake of the new company.
The expected number of net openings for 2006 is between 410 and 490, with expected CAPEX of between €850 and €950 million.
The Board of Directors of Inditex shall propose to the Annual General Meeting of Shareholders the payment of an ordinary dividend of €52 cents per share and a bonus dividend of €15 cents per share. This represents a 40 percent increase on the dividend paid in 2005.
During the eight weeks since the beginning of FY2006 Spring-Summer season, sales growth has been in line with the Group's expectations.
Inditex SA is one of the worlds largest fashion distributors, with eight sales formats -Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home y Kiddy's Class- boasting 2,696 stores in 62 countries.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
