BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Inditex (IDEXF.PK) reported that its nine-month net income increased 24% to 3.1 billion euros. EBITDA increased 20% to 6.5 billion euros. The gross margin reached 58.7%, for the period.
For the nine month period, sales were 23.1 billion euros, up 19% from last year. Sales in constant currency grew 20%.
Based on current information, Inditex expects a stable gross margin, +/-50 bps, for fiscal 2022. At current exchange rates, Inditex expects a neutral currency impact on sales in fiscal 2022.
The Group expects online sales to exceed 30% of total sales by 2024.
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