Inditex hails robust performance
Inditex has hailed a robust operating performance in the first nine months of its financial year.
The parent company of Zara reported that sales grew by 2.7% to €28.2 billion following “satisfactory development” both in its stores and online.
Subscribe to TRBGross profit increased by 3.2% to €16.8 billion as EBITDA climbed by 4.2% to €8.3 billion.
Meanwhile, pre-tax profit rose by 3.6% to €6 billion.
Inditex said its autumn/winter collections have been well received by customers. The group opened new stores in 39 markets which meant it operated 5,527 stores at the end of the period.
Looking ahead, Inditex said: “Our priority remains the continued improvement of our fashion proposition, the level of customer care, our focus on sustainability and cultivating our world-class teams.
“The broad diversification of the group by channel, geography and concept will underpin the long- term growth potential of the group.”
Inditex’s other retail brands include Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Lefties.
