Analysts and investors expect a record result for Inditex on Wednesday
The multinational Inditex will present this Wednesday its results for its third fiscal quarter (1 August to 31 October) in line with the partial accounts for the year, which already showed record profits and sales.
The third quarterly account of 2022 under the chairmanship of Marta Ortega, with Oscar Maceiras at the helm of the executive, will mark for Bloomberg analysts a balance for sales of over 8,000 million euros and a net profit of more than 1,300 million (between 6% and 7% more).
The period, perhaps the most realistic due to the virtual absence of extreme sales periods, has been marred by generalised price rises -more pronounced in some markets-, costs and logistics.
The figures, according to this consensus, invite optimism for the end of the year, although it warns of an impact from inflation for next year and the possibility of a slowdown in sales.
Credit Suisse experts also consider that, apart from Inditex’s partial results, economic conditions are deteriorating “very rapidly” and believe that this situation may end up having an impact on results in the coming months.
Inditex closed the first quarter (1 February to 30 April) with a net profit of 760 million, including a provision of 216 million for expenses in Ukraine and Russia, and 6,700 million in sales (36% more).
The accounts for the second quarter (1 May to 31 July) were also significant, the best in its history with a net profit of 1,034 million (up 21.5 %) and turnover of 8,013 million.
Inditex’s forecasts for the global computation of the nine months elapsed of the financial year point to a net profit of over 3,000 million and total sales that will be close to 23,000 million, which would mark unprecedented figures for the period.
