Inditex has reported a significant financial upturn, with notable increases in revenue and profit.
- Revenue surged by 7.2% year-on-year, reaching €18.1bn (£15.3bn) for the period ending 31 July 2024.
- Gross profit for the six-month term increased by 7.5%, totalling €10.5bn (£8.9bn).
- EBITDA also saw growth, up by 8.1% to €5bn (£4.2bn).
- Zara emerged as the leading brand, with a sales increase of 5.4% year-on-year.
Inditex, the owner of Zara, demonstrated strong financial performance with a revenue increase of 7.2% year-on-year, amounting to €18.1bn (£15.3bn) for the six-month period ending 31 July 2024. This growth was largely attributed to successful spring/summer sales, with autumn/winter collections already showing promising results.
The company’s gross profit rose by 7.5% to €10.5bn (£8.9bn), reflecting its strong market position. Additionally, earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 8.1%, reaching €5bn (£4.2bn). Such robust financials underscore Inditex’s effective business strategies and customer appeal.
Zara, including Zara Home, stood out as the top-performing brand within the Inditex group, achieving a 5.4% rise in net sales, amounting to €13m (£11m). This performance supports Zara’s position as a key driver in the group’s overall revenue growth.
The group expanded its physical presence with new store openings in 34 markets, concluding the period with 5,667 stores worldwide. Of these locations, Zara commands the largest share, with 1,792 outlets.
Óscar García Maceiras, CEO, attributes this success to the quality and design of their fashion offerings, the superior customer experience, and operational efficiency, which collectively contribute to sustainable growth and profitability across various regions and shopping channels.
Inditex’s continued financial success is a testament to its robust strategy and market adaptability.
