Investors and stock market indexes

Investors relations

Shareholder body

Inditex shares are represented by means of account annotations. Keeping the register of these annotations is the responsibility of the Management Company for Share Registration, Compensation and Liquidation Systems (Iberclear).

Inditex had 61,597 shareholders according to data from form X-25 which the company requested from Iberclear for the 2014 Ordinary General Shareholders Meeting. Of these 52,367 were individual shareholders and the remainder institutional investors. With the incorporation of significant holdings registered in the Spanish National Securities Market Commission, the approximate overview of shareholder structure is as follows:

Shareholder body Shares %
Institutional Inverstors 244,231,880 39.29%
Individuals 9,498,457 1.41%
Partler 2006 SL 57,872,465 9.28%
Gartler SL 311,727,598 50.01%
Total 623,330,400 100%

Among its operating principles, Inditex includes compliance with a policy of transparency with communication channels and maintenance of those channels. It guarantees that all of its current and potential shareholders have clear, complete, homogeneous and simultaneous information, adequate for evaluating company management and its economic and financial results. The Rules of the Board set down, in article 41, a series of measures which regulate the relations with the shareholders.

Stock Split

Inditex’s Annual General Meeting on 15 July 2014 approved a stock split of 5 new shares for every Inditex share registered at the close of trading on 25 July 2014. The newly-issued shares began trading on 28 July 2014 with the ISIN code ES0148396007.

Shareholders’ Office

Any individual shareholder can visit the Shareholders’ Office to request detailed information on the performance of the business and future strategy. Through this channel individual shareholders can formulate any request for information that they deem relevant on the performance of Inditex. The Shareholders’ Office dealt with more than 1,000 petitions from individual investors during 2014.

The Shareholders’ Office takes on special relevance during the period that the General Meeting of Shareholders is called and celebrated. It is traditionally held halfway through July at Inditex’s corporate headquarters in Arteixo (A Coruña). Information and documentation is sent specifically to provide shareholders with appropriate knowledge on the convening and content of the General Meeting as well as to facilitate their participation in the decision making process of the Group’s highest governing body.

Department of Investor Relations

  • Some 39 financial and stock-market bodies publish analytical reports relating to Inditex shares. Inditex is Spain’s number three company based on the number of analysts covering it.
  • Some 9,230 institutional investors, holding 39.2% of corporate capital, play a key role in the formation of the share price and liquidity.

Relevant information on the performance of the business is communicated through the corporate website of Inditex ( and is distributed to a database of more than 800 investors and analysts.

Inditex complements this information each quarter with freely accessible multiconferences. Additionally, Inditex carries out presentations and holds meetings with investors and analysts throughout the year in the principal financial capitals of the world.

Activities with institutional investors

a) Roadshows

Inditex holds two annual road shows where it presents the results of the first semester (spring-summer season) and the full year (after the autumn-winter season) in the world’s principal financial capitals. Over two and a half weeks, the principal investors have access - mainly by means of individual meetings - to the strategic viewpoint of the management team. During these visits direct contact is established with more than 250 investors.

b) Sector Conferences

Other forums for communication with investors are the sector conferences organised by financial institutions. Inditex participates in the principal events held in Europe, each having an average attendance of 50 leading institutional investors.

c) Individual meetings

Apart from the programmed events, large numbers of meetings are held with investors during the year. In the case of specific requests, visits to investors from a certain country or geographical area are also organised. In the past year presentations have been made in the principal financial capitals of Europe, America and Asia to more than 150 institutional investors.

d) Investor visits to corporate facilities

There are also many visits to Inditex facilities from institutional investors. The purpose of these visits is to gain a deeper knowledge of our organization, its business model, and corporate strategy. Throughout 2014, meetings have been held with approximately 80 institutional investors from all over the world. 200 videoconferences and multiconferences were also held.

Inditex on the stock market indices

Inditex is listed on the FTSE4Good and Dow Jones Sustainability Indices for the thirteenth and fourteenth consecutive years, respectively.

Euro STOXX 50/ IBEX 35

Inditex has been a member of Europe’s leading blue-chip index for the Eurozone the Euro STOXX 50 since 2011 and the IBEX 35 since 2001.

Dow Jones Sustainability Indexes (DJSI)

Inditex was included in the latest update of this family of indices as a member of DJSI World and DJSI Europe for the fourteenth consecutive year. Inditex scored higher than 98% of the 88 companies included in the Retailing sector.

Inditex score (%) Percentile ranking* Average score (%)
Total 81 98 36
Economic 79 98 42
Environmental 90 98 29
Social 76 97 33
Inditex score (%) Percentile ranking* Average score (%)
Total 81 98 51
Economic 80 98 41
Environmental 96 100 29
Social 72 97 32

(*) Percentage of companies in the same sector which scored lower than Inditex


Inditex has been a constituent of the FTSE4Good series for thirteen years. FTSE4Good updated in 2014 its methodology for the analysis of information, assessing different environmental, social and governance aspects.