Industria De Diseno Textil SA Share From Split

ITX: XMAD (ESP)
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Inditex Earnings: Strong Revenue Growth and Profitability; Shares Fairly Valued

We view shares of Inditex as approximately fairly valued, after they gained more than 50% in value over the past year, significantly outperforming the Stoxx Europe 600 Index. The start to 2023 was better than expected as the company reported continued strong double-digit sales growth and margin improvement in the first quarter.

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