2023-06-02 19:22:58
Inditex returns to the club of companies that achieve a capitalization of more than 100,000 million euros. The company has closed the day of this Friday with a rise of 2.23% on the stock market, up to 32.15 euros per share, with a capitalization of 100,200 million. This is the third time that the company has reached a level of 100,000 million and the first since Marta Ortega assumed the presidency of the group. The company of Galician origin has become one of the best values of the year, with a revaluation since last January of 31.89%. “This brand joins the greats of world luxury, such as Loius Vuitton and Hermes, and joins the great Europeans such as ASML, L’Oréal, SAP, TotalEnergies or Siemens. It is one of the great values of the Ibex and it is surprising, given the segment of the market in which it is focused,” says Darío García, an analyst with the XTB brokerage house.
The company is at its highest in the market since 2017, just three months after presenting record results, as were those of the 2022 financial year. Billing reached 32,569 million euros, 17.5% more than a year earlier, and profit was 4,130 million, up 27% more. “They maintained gross margins in a very difficult period and have become one of the best values in the Spanish selective,” says Víctor Álvarez, an analyst at Tressis.
The company will publish next Wednesday, June 7, the results of the first quarter of the year. It is expected to meet forecasts and turn in very strong numbers, analysts say, who believe sales growth could be double figures. “We expect it to continue the trajectory it has followed up to now and we believe that the company can grow 14% year-on-year in sales in the first quarter,” JP Morgan analysts explain in their latest report.
The Ibex 35 has experienced a ‘comeback’ this Friday by closing the session with a boost of 1.63% which has led it to stand at 9,317.3 integers and register an advance of 1.37% for the week as a whole compared to last Friday. The week has been marked by the negotiations in the United States on the debt ceiling and the publication of macroeconomic data in various countries.
Thus, the dynamism of this Friday comes after the decision of the United States Senate to approve the law on the debt ceiling agreed between the presidentJoe Biden, and the leader of the Republican Party in the House of Representatives, Kevin McCarthy.
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In the Spanish sphere, investors have learned the data on unemployment and affiliation to the Spanish Social Security for the month of May: unemployment fell by 49,260 unemployed (up to 2.74 million), while affiliation to the Social Security accounted for 200,411 new employed (up to 20.82 million affiliates).
Finally, among the references for this Friday, the unemployment rate in the United States stands out, which rose three tenths in May, up to 3.7%, despite the fact that 339,000 new jobs were created. The XTB analyst, Joaquín Robles, It also highlights other data that has been released during the week, such as the PMI for China, which “reset the alarm bells about the slow recovery of the Asian giant”or inflation in the euro zone, which slowed down to 6.1%, while core inflation did so to 5.3%.
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