Industria de Diseno Textil SA reported consolidated financial results for the year ended Jan. 31, 2013. For the year, the company reported net sales of €15,946 million against €13,793 million for the last year. EBITDA was €3,913 million against €3,258 million for the last year. EBIT was €3,117 million against €2,522 million for the last year. Income before taxes was €3,131 million against €2,559 million for the last year. Net income attributable to the controlling company was €2,361 million or 379 cents per share against €1,932 million or 310 cents per share for the last year. Cash from operations was €3,119 million against €2,408 million for the last year. Capital expenditure were €1,599 million against €1,349 million for the last year. Ordinary capital expenditure was EUR 1.1 billion. Extraordinary capital expenditure mainly due to the acquisition of unique retail premises at 333 Oxford Street/89 Bond Street in London has reached EUR 245 million. Due to the strong sales growth and higher operating efficiency, Inditex EBIT increased 24%. In 2012, funds from operations has increased 25% to EUR 3.3 billion. Store sales in local currencies, adjusted for the calendar effect of an extra trading day in February 2012 due to the leap year, have increased by 12% from February 1, 2013 to March 11, 2013. The Spring/Summer season is influenced by the performance over the Easter period due to its significant sales volumes. Capital Expenditure in fiscal 2013 is expected to be approximately €1.25 billion driven mainly by the addition of new retail space during the year. Fiscal 2013 space growth is expected to be in line with its long term targets. Net store openings are expected to be 440-480 in fiscal 2013. Approximately 70% of the new contracts have been signed but in some cases openings may not take place in fiscal 2013. Its Zara concept sore began online sales in Canada on March 6, 2013. Zara plans to launch online sales in the Russian Federation in the Autumn/Winter season. The board of directors of Industria de Diseno Textil SA will propose at the general shareholders meeting a 22% increase in the dividend for fiscal 2012 to EUR 2.20 per share. An interim dividend of EUR 1.10 per share will be payable on the May 2, 2013 and a final dividend of EUR 1.10 per share, including the bonus, will be payable on the November 4, 2013. The total dividend payment amounts to EUR 1.4 billion.

Industria de Diseno Textil SA, 2012 Earnings Call, Mar 13, 2013

Industria de Diseno Textil SA reported unaudited consolidated earnings results for the first nine months ended October 31, 2012. The company reported net sales for the interim nine months 2012 reached EUR 11.4 billion, 17% higher. EBITDA was reached EUR 2.8 billion, 25% higher. EBIT was reached EUR 2.2 billion, 30% higher. Net income attributable to the controlling company was reached EUR 1,655 million or 266 cents per share against EUR 1,302 million or 209 cents per share a year ago. Net financial cash (debt) was EUR 3,951 million against EUR 3,118 million a year ago. Regarding the performance in the interim 9 months 2012, the concepts have continued increasing the sales significantly. The differences reflect mainly the comparable base for the previous years. The store opening program for 2012 is on track. Ordinary capital expenditure will be around EUR 1 billion.