**Inditex Outperforms H1 Expectations as Its Magic Continues, AW23 Starts Well**
**Financial Highlights:**
– **Revenue:** €14.84 billion, an increase of 24.5% compared to H1 2022.
– **Net profit:** €1.8 billion, an increase of 41% compared to H1 2022.
– **Gross margin:** 60.2%, up 0.4 percentage points compared to H1 2022.
– **EBITDA:** €3.2 billion, an increase of 30.6% compared to H1 2022.
**Key Performance Indicators:**
– **Stores:** Inditex opened 154 new stores in H1 2023, bringing its total store count to 6,446.
– **Online sales:** Online sales grew by 24% compared to H1 2022, representing 30% of total sales.
– **Customer traffic:** Customer traffic in stores increased by 10% compared to H1 2022.
– **Average transaction value:** The average transaction value increased by 6% compared to H1 2022.
**AW23 Collections:**
The AW23 collections have started well, with strong demand from customers. Inditex highlights the following trends:
– **Zara:** A focus on elevated basics, tailoring, and statement pieces.
– **Bershka:** Streetwear and athleisure with a touch of grunge.
– **Pull&Bear:** Relaxed and comfortable silhouettes in neutral tones.
– **Massimo Dutti:** Sophisticated and timeless pieces with a focus on quality.
– **Stradivarius:** Feminine dresses, blouses, and accessories in vibrant colors.
– **Oysho:** Lingerie, sleepwear, and homewear with an emphasis on comfort and style.
**Sustainability:**
Inditex continues to prioritize sustainability, with 93% of its cotton sourced sustainably and 80% of its energy consumption coming from renewable sources.
**Outlook:**
Inditex remains optimistic about the future and expects to continue its growth trajectory in the second half of 2023. The company plans to open more stores, invest in its online platform, and enhance its sustainability initiatives.
**Analyst Commentary:**
Analysts are impressed with Inditex’s H1 performance and AW23 outlook. They attribute the company’s success to its strong brand portfolio, innovative designs, and efficient supply chain.
Overall, Inditex is well-positioned for continued growth in the fashion industry. Its strong financial performance and positive outlook indicate that the company’s magic touch is set to continue in the years to come..
