Corporate
Outlook: Stable
Action date: 04/21/2021
Rating action: Downgrade

INDUSTRIA DE DISEÑO TEXTIL SA

Axesor Rating downgraded Inditex's rating from "AA+" with "Negative" outlook to "AA" with "Stable" outlook. Inditex focuses its activity on the retail textile indutry, where the company maintains a leadership positioning. The company operates internationally through its well-known portfolio of brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home y Uterqüe). In 2020, the company's turnover reached € 20,402MM (-27.9% YoY), with an EBITDA of € 4,552MM (EBITDA margin of 22.3%). NFD/EBITDA ratio stood at negative figures at year end. Inditex's capitalisation reached € 86.9Bn on April 2021 (20/04).

Rating

Unsolicited
Date last rating: 04/21/2021
Date first rating: 05/14/2018