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Industria de Diseño Textil, S.A. (IDEXY) CEO Carlos Crespo on Q1 2020 Results - Earnings Call Transcript

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Industria de Diseño Textil, S.A. (OTCPK:IDEXY) Q1 2020 Results Earnings Conference Call June 10, 2020 3:00 AM ET

Company Participants

Marcos Lopez - Capital Markets Director

Pablo Isla - Executive Chairman

Carlos Crespo - CEO

Ignacio Fernández - CFO

Conference Call Participants

Richard Chamberlain - RBC

Adam Cochrane - Citi

Mariana Horn - UBS

Nicolas Champ - Barclays

Warwick Okines - Exane

Anne Critchlow - Societé Generale

Chiara Battistini - JPMorgan

Geoff Lowery - Redburn

Rebecca McClellan - Santander


Good morning, ladies and gentlemen. A warm welcome to the presentation of Inditex’s Results for the Interim Three Months 2020. The presentation will be chaired by Inditex’ Executive Chairman, Pablo Isla; here today with us and are also the CEO, Carlos Crespo; and CFO, Ignacio Fernández.

As usual, the presentation will be followed by a Q&A session, starting with the questions received on the telephone and then those received through the webcast platform.

Before we start, we take the disclaimer as read. I will now hand over to Pablo.

Pablo Isla

Thank you. Good morning to everybody, and welcome to Inditex’ results presentation. First and foremost, our thoughts are with all those affected by the COVID-19 pandemic. Our number one priority is the health and safety of local communities and our employees. We would like to give our thanks to our teams whose contribution in this difficult time has been truly inspiring.

I would like to start my presentation highlighting the strength of Inditex fundamentals. Let me tell you that we have total confidence in our business model and the long-term potential of the group. We continue developing the key lines of our long-term strategy to extend our fully integrated store and online platform.

Initial collections for the spring summer season have been very well received by our customers. The COVID-19

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