Inditex Increases 1% Net Profit Up to The 2,377 Million Euros in 2013

Inditex returned to increase its net profit for another year running. In the year of 2013 (from February 1 to January 31, 2014) managed to 2,377 million euro, up 1% in 2012, when they managed to 2,361 million. Sales also increased by 5% to 16.724 million euros.

Sales grow

If we see sales of Inditex at constant exchange rate these rose 8 percent while sales in comparable surface (stores that have been open more than one year) rose by 3%.

Inditex exceeds the profit expected by analysts, who had expected 2.358 million euros.

The gross margin increased by 4% in 2013, to 9.923 billion euros, above the 9.529 billion 2012.

The EBITDA stabilizes 3.926 million euros in 2012 when managed 3.913 million. And EBIT falls by 1% to EUR 2,377 million. In 2012 they got 2,361 million.

From February 1 to March 15 this year, Inditex sales in store at constant exchange rate have grown 12%.

Inditex raised its dividend by 10%

After these data Inditex wants to increase its dividend 2.42 euros per share, 10% of the current total, located in 1.92 euros per share.

On 2 may Inditex will pay its regular dividend of 1.21 euros per share and 3 November would pay 1.21 euros per share as ordinary final dividend together with the extraordinary dividend.

This increase in the dividend and the presented accounts make that right now (at 9:07 in the morning) the action of Inditex to pick up a 3.78 percent in the Ibex 35, 107,15 euros after several days of corrections.

6.340 Inditex stores

Inditex maintains its pace of openings with 331 new stores in 2013. In total already comes to the 6.340 shops around the world.

In addition to physical stores the Spanish group keeps trying to grow in the ground online. They plan to open their online stores in Korea of the South and Mexico for the season autumn-winter 2014. In this way they will come to 27 different markets after opening in Canada, Russia and shortly in Romania, as the latest additions.

Next to this it has also increased the number of workers in its workforce: 8,000 new jobs to achieve a figure of 128.313 employees all over the world. Of these, more than 40,000 are jobs created in Spain.