MADRID, 7 Jun. (EUROPA PRESS) -
The shares of Inditex shot up more than 4% in the early stages of the session on Wednesday after presenting their best fiscal first quarter, with a net profit of 1,168 million, 54% more, and sales of 7,611 million euros , 13% higher than a year earlier.
Specifically, the titles of the company chaired by Marta Ortega led the rises of the Ibex 35 and were exchanged at a price of 33.24 euros at 9:06 a.m., with an increase of 4.46%.
Without the provision of 216 million euros for Russia and Ukraine made in the first quarter of 2022, the net profit would have been 940 million euros.
The group founded by Amancio Ortega has highlighted that sales have been positive in all geographical areas and in all formats. Sales at constant exchange rates increased by 15%.
Likewise, the gross margin grew by 14% to 4,603 million euros and stood at 60.5% (34 basis points compared to the first quarter of 2022). Operating expenses grew 13%, below sales growth.
The operating result (Ebitda) grew by 14%, to 2,195 million euros, while the net operating result (Ebit) grew by 43% to 1,483 million euros and the result before taxes by 52%, to 1,505 million euro.
The net financial position grew by 14%, up to 10,508 million euros at the end of the first quarter of its last fiscal year.