Press releases
Inditex's net sales rose to 2,338 million euros in the first quarter of 2009
* Net sales increased by 8% in local currencies.
* Store sales in local currencies from 1 May to 7 June rose 9%.
* Net income reached 184 million euros.
* Inditex opened 95 new stores in the first quarter bringing its total number of stores to 4,359 in 73 countries.
Inditex’s net sales totalled 2,338 million euros in the first quarter of 2009, an increase of 5% over the same period a year earlier, an 8% rise in local currencies.
Net income reached 184 million euros in the first quarter, 16% less than in the same period of 2008. Gross profit rose 4% to 1,331 million euros, resulting in a gross margin of 56.9%.
The Group opened 95 new stores in 28 countries in the first quarter of 2009, bringing its total number of stores worldwide to 4,359 in 73 countries as of 30 April 2009. The Group maintains its plan for FY2009 net store openings of between 370 and 450 new stores.
Key figures (First Quarter 2009)
| (millions of euros) | 1Q 2009 | 1Q 2008 | % Change 09/08 | % Change in local currencies |
| Net sales | 2,338 | 2,218 | 5% | 8% |
| Gross Profit Gross margin | 1,331 56.9% | 1,282 57.8% | 4% | |
| EBITDA | 395 | 424 | -7% | |
| EBIT | 249 | 294 | -15% | |
| Net income | 184 | 219 | -16% |
From May 1 to June 7, 2009, store sales in local currencies rose 9%. The Group maintains its expectations for both retail space growth and CAPEX for FY 2009.