Inditex 1H Net Income EU928M; Est. EU909.8M

Inditex, owner of Massimo Dutti, reported flat earnings of €1.62 billion for the first half, with net income slightly below €1 billion. Despite a 5% sales increase, currency pressures, particularly in emerging markets, impacted profits. The euro's strength affected earnings, but the impact is expected to lessen in the second quarter. Inditex's major markets, Russia and China, face economic challenges, yet the company continues to focus on emerging markets. Sales rose 10% in the third quarter, with plans to open 500 new stores, emphasizing growth in emerging markets.

What was the net income of Inditex in the first half of the year?

• €928 million

• €1.62 billion

• €1 billion

• €1.5 billion

How did foreign currency pressures affect Inditex's profits in the first quarter?

• Increased profits by 6%

• Increased profits by 3%

• Decreased profits by 6%

• No impact on profits

Which two countries are significant markets for Inditex outside of Spain?

• Germany and France

• Russia and China

• Italy and Portugal

• USA and Canada

What percentage increase in sales did Inditex experience in the third quarter?

• 5%

• 20%

• 10%

• 15%

How many new stores is Inditex planning to open this year?

• 100

• 250

• 500

• 750