Zara Parent Company Inditex Strong Performance In The First Quarter, Sales Growth

< p > fashion brand Zara parent company, the world's largest a target= "_blank" href= "http://www.91se91.com/" > clothing /a /a retailer Inditex SA (ITX.MC) announced the first quarter earnings on 11 th, and sales increased by 4.3% in the first quarter of April 30, 2014, increasing from 3 billion 593 million euros in the same period last year to 3 billion 748 million euros, up 11% in local currency.

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< p > 1st quarter, < a href= "http://www.91se91.com/news/index_x.asp" > Inditex SA < /a > net profit recorded 406 million euros, down 7.3% from 438 million euros in the same period last year, but still exceed analysts' expectations of 391 million euros.

The opening price of Inditex SA rose by 1.8%, and the time for sending news without stylish Chinese website rose by 1.81% to 112.25 euros.

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< p > due to strict cost control, the gross profit margin of Inditex SA in the first quarter of fiscal year 2014 was 58.9%, but it still had a 70 basis point decrease of 59.6% compared with the same period last year. Gross profit was 2 billion 208 million euros, a 3.2% increase over 21.40 a year earlier.

Operating profit dropped 5.2% to 530 million euros, compared with 559 million euros in the same period last year, with a 14.1% operating profit margin of 150 basis points compared with the same period last year. EBITDA recorded 732 million euros, down 2.3% from 749 million euro in the same period last year, and the EBITDA profit margin dropped by 140 basis points to 19.5%.

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< p > Inditex SA added 106 new stores in the first quarter. Due to the closing of stores and merging shops, there were actually 53 stores, which now operate 6393 stores, a net increase of 335 from 6058 in the same period last year.

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< p > Inditex SA also issued some plans, including the stock splitting plan, and Inditex SA will take up 5 of the 1 dismantling shares after the closing of July 25th. The existing shareholders will receive 5 new shares, and the new stock awards can be traded in July 28th.

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< p > in view of the success of multi-channel, Inditex SA said it will carry out e-commerce business in Mexico and South Korea market in September this year. Meanwhile, a href= "http://www.91se91.com/news/index_x.asp" > Zara < /a will enter Alibaba platform's Tmall platform in autumn.

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