Inditex 1H Net Income EU928M; Est. EU909.8M

Inditex, owner of Massimo Dutti, reported flat earnings of €1.62 billion for the first half, with net income slightly below €1 billion. Despite a 5% sales increase, currency pressures, particularly in emerging markets, impacted profits. The euro's strength affected earnings, but the impact is expected to lessen in the second quarter. Inditex's major markets, Russia and China, face economic challenges, yet the company continues to focus on emerging markets. Sales rose 10% in the third quarter, with plans to open 500 new stores, emphasizing growth in emerging markets.

What were the half results reported for Inditex, and how do they compare to the previous year?

How did foreign currency pressures affect Inditex's profits?

What is the expected negative impact of foreign currency on Inditex's sales in the second quarter?

What are the two biggest markets for Inditex outside of Spain?

How much of Inditex's sales now come from emerging markets?