Media Booster

Inditex SA registers robust growth in 2007

31 Mar '08
3 min read

Inditex Group reports Full Year 2007 Results:

• Consolidated sales increased to 9,435 million euros, i.e. 15% more than the previous year, 17% in local currencies and constant perimeter. Like-for-like sales grew by 5%
• With 560 new stores during the financial year –80% of them outside Spain-, Inditex achieved a total of 3,691 stores in 68 countries, four more than the year before (Croatia, Colombia, Guatemala and Oman)
• International sales represented 62.5%, compared to 60.4% in 2006
• The gross sales margin reached 56.7%, 48 basic points higher than in the financial year 2006, and the EBIT grew by 22%
• The group created 10,277 jobs in 2007, resulting in a total workforce of 79,517 at the end of the year
• The Board of Directors will submit a proposal to the General Meeting of Shareholders to distribute 652 million euros as dividend for the year -1.05 euros per share-, which represents 25% more than the previous year
• During the beginning of 1H2008 sales performance is according to Management expectations. Store sales in local currencies have increased by 17% from 1 Feb. to 23 Mar. 2008

Inditex increased its net profit in FY 2007 (from 1st February 2007 to 31st January 2008) by 25%, reaching 1,250 million euros. Sales reached 9,435 million euros, 15% increase compared to the previous year, 17% in local currencies and constant perimeter. The increase in sales was due to both the very good performance of the LFL sales, growing by 5%in the FY, and the new selling area, with 560 new stores opened.

Leave your Comments

Esteemed Clients

Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
Stahl Holdings B.V.,
Advanced Search