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INDITEX - Industria de Diseño Textil SA (via Public) / Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position

â¬14.1 billion in the
first nine months of its fiscal 2020 (1 February to 31 October), compared to â¬19.8 billion the same period in fiscal year 19. The third quarter (1 August to 31 October) registered the evident sales improvement shown since March, with sales of
â¬6.1 billion, compared to â¬7 billion in 3Q19, a year-on-year decline of 14% (10% in constant currencies) after reductions of 31% in 2Q20 and 44% in 1Q20.
During the third quarter, 5% of the Group's stores remained closed and 88% continued to face significant limitations in terms of space, trading hours or capacity. Against that backdrop,
sales in local currencies between 1 and 18 October reached the record levels recorded in the same period of 2019.

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