If a person had invested 1,000 euros in their shares Inditex If he had sold in May, had he sold this Thursday, he would have pocketed the 1000 Euros he had paid, and would have also earned 230.23% of his deposit. this The revaluation of the titles of the Galician multinational in the last 90 days, exactly 87. Thanks to this increase, it is already in the figures before the start of the war in Ukraine.
Shares of the firm bottomed out when they closed at 19.71 euros on May 10.. It was the lowest since July 2013, a figure that was unreachable even at the worst moment of the pandemic two years ago. At that time, the company’s market capitalization reached 61,429 million. On May 23, 2021, the textile group completed its twenty years on the Stock Exchange with a market price of 100,387 million. Two years later the shares were worth almost 30% less. In the middle, the announcement of the change of direction in the company, the increase in raw material prices and, above all, the uncertainty caused by the Russian occupation in Ukraine.
All brands of Inditex have 606 stores in both countries. 9.1% of the total business volume. In Russia, there are 527 people who closed shortly after the conflict began.. Since the start of February 24, Russia has invaded Ukraine, the action of the multinational chain six sessions leaving its market value below 62,000 million, a figure not seen since June 2013. Compared to the start of the year alone, there were just over 20,000 million left.
expired, At the end of April, Ibex lost his scepter in his hand. Iberdrola is at the peak of selectivity after more than a decade. Founded by Amancio Ortega, in May 2012, eleven years after its listing, it overtook Telefónica, which lost first place after 21 months of leadership, to become the most valuable Spanish company by market capitalization.
However, on April 30, Pablo Isla’s last day as group leader, he was overtaken by Iberdrola, who was placed at the head of the Spanish selector. It closed the day with capital of 61,647 million, while the energy company closed the session at 63,800 after closing slightly down 0.18%. Shares of the Galician company fell to 19.78 euros, the lowest since July 2013. They had not hit the ground yet, as they closed on May 10 at 19.71 euros.
However, in the last three months, there has been a gradual improvement in Inditex stock that has increased its value by more than 20% andn last 90 days. As a result – in mid-July – he regained the lead of Ibex.
The multinational company announced the first results for the Marta Ortega period via the tool on June 8: 760 million in the first quarter, 80% more than in the same period of the previous year. Sales increased 36% to 6,742 million. The company has made a provision of 216 million for the expenses arising from the situation in Ukraine and Russia, as it has very healthy cash of close to 10,000 million.
The textile group also made various moves to make the action more attractive. After raising its dividend by 33% to €0.93 per share on March 16, it announced it would pay its shareholders 2,898 million this year. It will pay an ordinary dividend of 0.63 euros and an extraordinary dividend of 0.30. This payment is distributed in two stages: EUR 0.465 on May 2 and EUR 0.465 on November 2. Finally, The board of directors has agreed to pay an extraordinary dividend of €0.40 per share for 2022.It will be added to the regular one and distributed throughout 2023.
In addition, financial services firm UBS recommended in mid-July the purchase of Inditex shares, an advice also given by investment banking group Goldman Sachs.
Due to all these incentives, the multinational stock has gained 23% in the last 90 days. It chained two days yesterday with an increase of more than 1% and closed above 24 euros (24.26), which is one euro more than the war in Ukraine that started on February 24. Its value on the stock market yesterday was 75,600 million, 14,100 more than last May 10.
Despite the increase in the last three months, their titles are still 17% below their value at the beginning of the year, while the decline has been reduced to 11% since November 30, when the presidential change was announced. Regarding January 1 alone, there are more than 13,300 million left. In March, compared to the beginning of the year, there were slightly more than 27,600, of whom 15,000 were within two weeks of the start of the Ukrainian conflict.