Economic Inditex Stock Exchange Benefit grew €3.157 million

The Economic Inditex Stock Exchange benefit for 2016 was set in €3,157 millions, approximately a 10% higher that it was in 2015, while the operative result of Ebitda could increase 80% up to €5.083 billion. The net place of the bank had an increase of 15% what led it to a position of €6.090 billion.

Inditex’s sales increased 12%, to €23,311 billion, with growth in all geographic areas where the group has activity. Comparable store sales increased 10%, compared to a growth of 8.5% in the previous year, with very positive increases in all geographical areas and commercial chains.

– Comments

Inditex CEO, Pablo Isla, highlighted the importance of getting that result on the stock exchange and pointed out that this success was a consequence of dedication, commitment, and the improvement spirit of people who are part of the group, their dedication to the company, their passion for the fashion industry, and the responsible effort were what acomplished such success.

Isla also pointed out that the investments were made in key areas, with mid and long-termn planning in mind, which means, aspiring to make the company more solid and sustainable from the economic, social and environmental points of view.

The administrative council propose a general meeting that it will take place in July, a dividend payment of €0.68 for each share, a 13.3% more than last year. This amount will be cancelled €0.34 per share as a complementary dividend concept

– Present

In 2017, the company plans to invest €15 billion to continue with the investment rhythm focused on sustainable growth on the stock exchange, either for the technology advancements, to the quantity application of eco-efficient stores, the logistic modernization and the impulse gathered, and the garment’s recycling.

Pablo Isla, CEO of Inditex

In 2017, it is planned that the group will continue to advance in the international expansion of its integrated business model. For this reason, it foresees a rhythm of net openings similar to the one of the last years, within the significant strategies in the stores in the main commercial centers of the world, as well as the absorption of smaller units in the nearest stores. At this point, it has planned 70% of store openings.

In the next couple of months Inditex is goint to make emblematic openings such as the new Zara stores in Nagoya, Japan, also Doha, Bombay and in Spain. As well as they will have starred re-inaugurations in the most iconic shopping malls such as Opera in Paris, and the White City in the UK. These stores are going to be the first openings during the year.