Inditex breaks a record on the stock market and its value is almost 115,000 million

Inditex has registered new all-time highs on the stock marketafter marking a price of 36.91 euros per share in the Tuesday session, an increase of 1.6% and a Market capitalization, which has reached almost 115,000 million eurosalso a record value, exceeding the mark from June 2017 (36.67 euros).

The Galician group culminates a year of constant recovery on the floor a cumulative increase of 46% since January thereby consolidating its strength as the historical leader of the IBEX 35 and awaiting the presentation of the results of the third quarter of its fiscal year, scheduled for December 13 next year.

In the first half of its 2023-2024 financial year (period between February 1 and July 31), the company led by Marta Ortega once again exceeded record sales and profits of 2,513 million euros, an increase of 40.1% compared to same period corresponds to the previous year.

The group’s sales also increased by 13.5% to 16,851 million. Inditex highlighted the development «very satisfying» Both in-store and online channels, across all geographic areas and across all formats, while sales increased 16.6% at constant exchange rates.

Read Also:  5 benefits of business van hire

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here