Worse than expected for Zara's owner

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Worse than expected for Zara's owner
Photo: Manu Fernandez/AP/TT

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The Spanish company Inditex with the clothing chain Zara fails to meet the market's expectations when releasing interim figures for the initial nine months.

The company, which is one of Swedish H&M's largest competitors, reports an operating profit of 5.67 billion euro compared to the 5.8 billion that the market had expected according to the news agency Bloomberg.

Both sales and the company's operating margin were also worse than expected.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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