Interim Nine Month Results 2023

Inditex continued with a veritably robust operating performance due to the creativity of the brigades and the strong prosecution of the completely integrated business model.

The AutumnWinter collections have been veritably well entered by our guests. Deals grew11.1 to reach€25.6 billion, showing veritably satisfactory development both in stores and online. Deals were positive in all geographical areas and in all generalities. Deals in constant currency grew14.9.

Gross profit increased12.3 to€15.2 billion. The gross periphery reached59.4( 67 bps versus 9M2022).

All expenditure lines have shown a favourable elaboration. Operating charges increased10.6, below deals growth.

EBITDA increased13.9 to€7.4 billion.

EBIT increased24.3 to€5.2 billion and PBT29.8 to€5.2 billion.

Net income increased32.5 to€4.1 billion.

Strong cash inflow generation. The net cash position grew 15 to€11.5 billion versus the same period last time.

The FY2022 final tip of€0.60 per share was paid on 2 November 2023.

AutumnWinter collections continue to be well entered by our guests. Store and online deals in constant currency between 1 November and 11 December 2023 increased 14 versus the same period in 2022.

Grounded on current information, in FY2023 Inditex expects a gross periphery of around 75 bps advanced than in FY2022.

Interim Nine Months 2023 veritably strong operating performance

In 9M2023, Inditex continued with a veritably robust operating performance due to the creativity of the brigades and the strong prosecution of the completely integrated business model.

The Afterlife/ Downtime collections have been veritably well entered by guests. Deals grew11.1 over 9M2022 to reach€25.6 billion, showing veritably satisfactory development both in stores and online. Deals were positive in all geographical areas and in all generalities. Deals in constant currency grew14.9.

In 9M2023, openings have been carried out in 36 requests. At the end of the period Inditex operated 5,722 stores. A list of total stores by conception is included in AnnexI.

In 9M2023, the prosecution of the business model was veritably strong. also, the Afterlife/ Downtime 2023 season has endured a normalisation in force chain conditions and a more favourable Euro USD exchange rate compared to the same season in 2022. Gross profit increased12.3 to€15.2 billion. The gross periphery reached59.4( 67 bps).

All expenditure lines have shown a favourable elaboration. Operating charges increased10.6, below deals growth. Including all parcel charges, operating charges grew 130 bps below deals growth.

EBITDA increased13.9 to€7.4 billion.

EBIT increased24.3 to€5.2 billion and PBT29.8 to€5.2 billion. As a memorial, in 9M2022, Inditex reported a provision for anticipated charges for FY2022 in the Russian Federation and Ukraine of€ 231 million under Other results.

Addition II includes a breakdown of the Financial Results.

MILLION EUROS 31OCT. 2023 31OCT. 2022
Cash and cash coequals 7,940 6,526
Short term investments 3,555 3,741
Current fiscal debt( 14)( 17)
Non current fiscal debt–
NET FINANCIAL CASH 11,480 9,980

The duty rate applied to the 9M2023 results is the stylish estimate for the financial time 2023 grounded on available information.

Net income increased32.5 to reach€4.1 billion.

Given the prosecution of the business model, Inditex generated strong cash inflow. The net cash position grew 15 to€11.5 billion at the end of 9M2023 versus the same period last time. Inditex paid€1.9 billion(€0.60 per share) on 2 November 2023 as the final tip for FY2022.

Due to the robust operating performance over 9M2023 and the normalisation in force chain conditions, force was 5 lower as of 31 October 2023 versus the same date in 2022. Collections are considered to be of high quality.

MILLION EUROS 31OCT. 2023 31OCT. 2022
supplies 4,404 4,650
Receivables 1,148 978
Payables( 10,241)( 9,235)
OPERATING WORKING CAPITAL( 4,652)( 3,606)

launch of 4Q2023

The Afterlife/ Downtime collections have been veritably well entered by our guests. Store and online deals in constant currency between 1 November and 11 December 2023 increased 14 versus the same period in 2022.

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