Recommendations Ibex 35 Previous Results Inditex 4T24: comparable sales (+10%) by solid demand and stable gross margin at 53.8%

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Recommendations Ibex 35 Previous Results Inditex 4T24: comparable sales (+10%) by solid demand and stable gross margin at 53.8%

Sabadell Market Consensus The company publishes results on March 12. We expect a positive evolution in comparable sales 4Q24 with almost +10% due to strong demand and more favorable base (about +8% reported by exchange rate impact). The gross margin will remain stable at 53.8% and costs will remain under control (differential opex/sales slightly positive), allowing an improvement of the EBIT margin of about +30 b.p. up to 15.9% (EBIT c.+10%). W…