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Inditex sales jump 12%

Inditex net sales for the year to 31 January increased 12% to €23.3bn (£20.2bn), following growth in all markets for the retailer.

Like-for-like sales were up 10% in total with growth in all territories and across all brands, including Zara, Massimo Dutti and Bershka.

Net profit was also up 10% to €3.2bn (£2.7bn), up 10% on 2015, while EBITDA was up 8% to €5.1bn (£4.4bn).

Chairman and CEO of Inditex, Pablo Isla, said the “positive set of results” was against a backdrop of a strong performance in 2015.

He added: “This is a direct result of the commitment, spirit and ambition of all the professionals comprising the group, their dedication to the company, passion for fashion and focus on sustainability”.

Isla said key investments continue to be made, medium and long-term.

Highlights from the past year in the UK include the revamp of the Bershka flagship on Oxford Street and Stradivarius launching on the same street in London in June.

The group is currently in the process of updating its Zara store at Westfield London and will expand its store at Westfield Stratford in summer.

The second round of its profit-sharing plan for employees will be paid out in April, for employees who have been with the group for at least two years. Last year this benefitted 1,800 workers in the UK.

 

Readers' comments (1)

  • Inditex are taking a huge amount of market share from U.K. Retailers, its interesting that the Spanish do not place such a emphasis on testing the fabric the garments are made in

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