Inditex will present this Wednesday the best results for a third quarter in its entire history. The consensus of analysts foresees revenues of more than 7,300 million euros, a figure never reached to date, and that will be 20% higher than the same quarter of 2020 and 5% higher than that obtained from August to October 2019, with pre-pandemic data.
Regarding the expected net profit for the textile company, experts forecast about 1,270 million euros for the third quarter, this is 8% higher than the pre-Covid-19 period and 46% more if compared to 866 million euros. of the third quarter of 2020.
The growth in earnings will be accompanied by the increase in sales that the firm is able to translate into profit. A gross margin of 61.5% is expected, the highest since 2013. The forecast is for it to moderate again in the coming quarters below 60 percent.
JP Morgan predicts an EBITDA margin of 23%, 170 basis points more than the same period of the previous year, affected by the closure of stores.
Looking at the annual close, at which time the current president, Pablo Isla, will cede his place to Marta Ortega, analysts expect a historical profit close to 3.7 billion euros and EBITDA margins higher than 17% that will reach 18% in in 2022, when experts believe that inflation and the supply crisis will make the textile company suffer.
Reference-www.eleconomista.com.mx