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Record results reported by Inditex

15 March 2019

WORLD Net sales at Inditex rose 3 pct last year to top EUR 26 bln. Revenue from online sales increased by 27 pct to EUR 3.2 bln with online net profit rose by 2 pct to EUR 3.44 bln.

The company is proposing a dividend of EUR 1 per share, split across 2019, 2020 and 2021. The group’s store space increased by 5 pct, with openings in 56 markets, as it continued to update its store network focussing on prime locations. Zara increased its presence in 202 markets, while Massimo Dutti and Uterqüe extended their online platforms to 106 new markets, boosting their reach to 184 and 148 markets, respectively. Over the previous financial year Inditex’s capital expenditure came to over EUR 1.6 bln to complete the rollout of RFID tags across all its brands and expand the integrated stock management system. The group’s overall worldwide tax contribution came to EUR 6.16 bln, of which EUR 1.7 bln was paid in Spain.

The chairman and CEO of Inditex, Pablo Isla, noted: "our investment in both logistics and stores to leverage the integrated platform, as well as our continued focus on prime locations, has enabled Inditex to offer customers a consistent and appealing range globally, across all our brands and channels."

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