Inditex’s net sales increased 22% and its net income rose 25% in FY2006. The Group hired 11,050 individuals in the year, and the staff reached the number of 69,240 employees, 19% higher than a year earlier. The Group shall maintain its traditional reinvestment policy, with an estimated CAPEX of between €850 and €950 million in 2007. Net openings amounted to 439 stores, with Inditex reaching an aggregate number of 3,131 stores in 64 countries at yearend. Store sales in Europe were for the first time higher than those in Spain, in a year where international stores accounted for more than 60% of the total sales. The Board of Directors will propose a dividend of 0.84 euros per share, which represents a 25% increase. Inditex will present in July its new Environmental Strategic Plan, to foster its energetic saving policy, the use of renewable energies and the emissions reduction.