Zara Parent Company Net Profit Growth Record

In the first quarter of April 30th, the net profit of the world's largest apparel retailer increased to 521 million euros from 406 million euros a year ago, exceeding the market forecast of 5.05-5.10 billion euros.

Core earnings EBITDA increased by 22.3% to 895 million euros per year, with a market forecast of 888 million euros.

Driven by the weakness of the euro and the expansion of new stores, fast fashion brands

The first quarter net profit of parent company InditexSA (ITX.MC) 2015 increased by 28.3%, the largest increase in more than two years.

Net sales totaled 4 billion 374 million euros, slightly higher than the 4 billion 330 million euros expected by the market, up 16.7% from 3 billion 748 million euros a year earlier, and 13% at the constant exchange rate.

MarcosL PEZ, director of InditexSA capital market, said the first quarter results reflect very strong business performance, and comparable sales in all regions have recorded positive growth.

After entering the two quarter, group growth increased slightly. From February 1st to June 7th, group net sales rose to 13.5% under the constant exchange rate. Soci e t G e n raleSA SOGN.PA (SOGN.PA), an analyst at AnneCritchlow bank, pointed out that the same store sales in the first 6 weeks of the two quarter increased by 6.5%, much better than the 5.3% expected by the market.

First quarter

It was 59.4%, an increase of 50 basis points over 58.9% in the same period last year.

Group CEO PabloIsla is expected to be affected by exchange rate fluctuations. The gross profit margin will be at a high level in the first half of the year, but it will fall in the second half of the year. Gross profit margin is expected to remain flat in fiscal year 2014.

InditexSA (ITX.MC) share price has risen 25% in 2015, and the founder of AmancioOrtega has risen to $71 billion, at Peng Bo.

General WarrenBuffett Warren Buffett squeezed the three place to become the world's second richest man after BillGates Bill Gate.

As of the end of April, InditexSA's 8 brands have 6746 entities in 88 countries and regions around the world.

During the first quarter, the group increased 63 new stores in 27 different markets, 10 more than last year, 19 of which were ZaraHome brand stores, accounting for nearly 1/3 of new stores, and 15 new stores opened by Zara.

The group also renovated and expanded flagship stores such as New York (Fifth Avenue, 2), Tokyo, Copenhagen, Belfast and Tel Aviv.

In terms of e-commerce, the group plans to launch Zara online stores in Hongkong, Macao and Taiwan this autumn to expand its e-commerce layout to 30 regional markets.

InditexSA also announced that it would nominate the former CEO of CarrefourSA Carrefour Group and Lacoste brand Jos LuisDur LuisDur n at the annual general meeting held in July 14th to join the board to fill the vacancy after the withdrawal of NilsS.Andersen.

In the absence of a deadline, InditexSA (ITX.MC) fell 1.8% to 29.45 euros earlier.