Inditex(IDEXY) - 2021 Q3 - Earnings Call Presentation

Financial Performance - Net sales for 9M21 reached €19325 million, a 37% increase compared to €14085 million in 9M20 [28, 33] - Gross profit for 9M21 was €11409 million, a 40% increase compared to €8172 million in 9M20 [28] - Profit Before Tax (PBT) for 9M21 was €3231 million, a 277% increase compared to €857 million in 9M20 [28] - Net income for 9M21 was €2500 million, a 273% increase compared to €671 million in 9M20 [28] - Net cash position reached €9569 million, a 16% increase compared to €8265 million in 9M20 [43] - Gross margin increased to 590% in 9M21 from 580% in 9M20, a rise of 101 bps [35] - Sales in constant currency (CC) grew by 39% in 9M21 [33] - 3Q21 sales in constant currency increased by 21% over 3Q20 and 10% above 3Q19 [13, 34] Strategic Transformation and Online Growth - Online sales in constant currency grew by 28% over 9M20 and 124% over 9M19 [19, 34] - Online sales are expected to reach above 25% of total sales in FY21 [19]