Author: BORJA SUAREZ | Reuters
The market value of the company is close to EUR 94,600 million
Actions of Inditex yesterday they closed for the day above the bar of 30 euros, something that has not happened since November 2021, after a revaluation of almost 2?%. They ended the day at 30.34 euros, which puts the capitalization —market value— of the group close to 94,600 million. The Galician textile multinational is consolidating as is the value of the larger-cap Ibex.
In the last twelve months, Inditex has risen by 53.4?% on the stock market, again heading towards its peak in 2017. So far in 2023, the company has not stopped gaining strength on the stock market. Its shares have a revaluation of 22?%, a rate that only Amadeus, Santander, Meliá Hotels and AENA can follow in the Spanish selection. These last two are still recovering from the impact of the pandemic.
Last year, the group broke all its records, recording sales of 32,569 million euros (17.5% more than the year before) and net profit of 4,130 million euros, with a growth of 27%.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
