Inditex – Zara Owner’s profits rise, but still below pre-pandemic levels

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Sales in the first quarter were €4.9bn, up 56% from last year, excluding the impact of currency changes. However, that remains 11.5% lower than 2019. The group reported net income of €421m, compared to a €409m loss in 2020 and €734m profit in 2019. Q1 2021 hedge fund letters, conferences and more As at 6 […]

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