December 11, 2019 / 7:22 AM / a month ago

BRIEF-Inditex 9-Month Net Profit Up At 2.72 Bln Euros YoY

Dec 11 (Reuters) - Industria de Diseno Textil SA:

* INDITEX SAYS 9-MONTH NET PROFIT 2.72 BILLION EUROS VERSUS 2.44 BILLION EUROS YEAR AGO

* INDITEX SAYS 9-MONTH NET SALES 19.82 BILLION EUROS VERSUS 18.44 BILLION EUROS YEAR AGO

* INDITEX SAYS 9-MONTH EBITDA 5.70 BILLION EUROS VERSUS 3.93 BILLION EUROS YEAR AGO

* INDITEX SAYS MANAGEMENT ESTIMATES LIKE-FOR-LIKE SALES GROWTH OF 4%-6% IN FY 2019

* INDITEX SAYS ONLINE SALES LAUNCHES ARE ON TRACK

* INDITEX SAYS 9-MONTH GROSS MARGIN REACHED 58.2% (+21BPS)

* INDITEX SAYS 9-MONTH GROSS PROFIT ROSE TO €11.5 BILLION, 8% HIGHER

* INDITEX SAYS ORDINARY CAPITAL EXPENDITURE IN FY 2019 WILL BE APPROXIMATELY €1.4 BILLION

* INDITEX SAYS RESULTS FOR THE FULL YEAR 2019 (1 FEBRUARY – 31 JANUARY) WILL BE PUBLISHED ON 18 MARCH 2020

* INDITEX SAYS ORDINARY CAPITAL EXPENDITURE IS EXPECTED TO GROW BELOW SPACE GROWTH IN THE COMING YEARS Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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