The company couldn’t have had a better 20th birthday celebration. Few companies can say that they have a quotation of more than 100,000 million euros in Europe, now Inditex has joined the group.
It was May 23, 2001 when Inditex, captained by José María Castellano made the leap to the Ibex 35 with a price of 14.7 euros. Since then the company has changed a lot and has had to overcome many challenges to achieve the fame it has today.
Twenty years later the company has nothing to do with it. Its valuation has reached more than 100,000 million euros and its shares have reached 32.13 euros at the close of the market on Friday, May 21. These data indicate that the company is recovering from the pandemic and is returning to its usual levels, with the big difference that it has now become the most valuable company on the Spanish market.
A year and a half ago, with the onset of the pandemic, he had to say goodbye to his good results. However, it has managed to recover in 18 months and exceed its previous records. The Ibex 35 has revalued 365% and with these figures in Europe it has once again rubbed shoulders with the large companies of the Eurostoxx 50.
In the year of 2020 (ended on January 31) they reached a turnover of 20,402 million euros and a net profit of a net profit of 1,106 million euros, with a decrease of 70%.
Most of the Galician firm’s rivals have been listed on the stock market for decades. Among the rival companies are:
- Gap that made its public offering for sale (IPO) in New York in May 1976.
- H&M debuted on the Stockholm Stock Exchange in 1974
- Fast Retailing hit the floor in Hiroshima in 1994.
Currently, Inditex is worth more than all of them. The only company that keeps up with him is Fast Retailing, who has overtaken him on several occasions. Within the fashion sector, the brands that surpass it are Nike, LVMH or L’Oréal, all of them leaders in their segments.
Closing of stores in Venezuela
The movements in the stock market are so fast that happiness can last a few seconds. Something that Inditex has experienced in its own meat when it has had a slight fall (-0.62%) in the stock market after announcing the closure of its stores in Venezuela.