Inditex shares fall more than 3% at the opening despite presenting record results

MADRID, 15 Mar.

Inditex shares fall more than 3% at the opening despite presenting record results

MADRID, 15 Mar. (EUROPA PRESS) -

Inditex shares fell 3.3% on the stock market at 9:06 a.m., to stand at 28.20 euros per share, despite the record results achieved by the company in the first year of Marta Ortega at the head of the group.

Inditex, which led the declines of the Ibex 35 at the opening of the stock market, registered a profit of 4,130 million euros in its 2022-2023 fiscal year (from February 1, 2022 to January 31, 2023), 27% more , and 32,569 million euros in sales, 17.5% more than in 2021, with an increase of 18% at constant exchange rates.

The Inditex board of directors will propose to the general shareholders' meeting a 29% increase in the dividend for the year 2022, up to 1.20 euros per share, made up of an ordinary dividend of 0.796 euros and an extraordinary dividend of 0.404 euros per share .

The dividend is made up of two equal payments: on May 2, 2023 a payment of 0.60 euros per share, corresponding to the ordinary dividend, and on November 2, 2023 a payment of 0.60 euros per share (0.196 ordinary euros plus 0.404 euros extraordinary).

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