Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Inditex scores record Q1 profits

Inditex, the parent company of Zara, Bershka and Massimo Dutti, saw sales rise 12% to €2.2 billion (£1.74bn) for the first quarter of 2008.

Inditex's net income rose 10% to €219 million (£173.5m) for the period. Inditex said this was the highest rate of growth in net income since the company became public.

Gross margin also rose and was 11% higher than the same period last year, equating to 57.8% against 56.4% in 2007.

Trading since the start of the second quarter is in line with management expectations. Store sales in local currencies increased by 14% between February 1 and June 8.

Inditex opened 145 stores over the period against 114 opening for the first quarter period in 2007.
Inditex has 3,890 stores across 70 countries. Between 560 and 640 net openings are planned during 2008.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.