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Sales and profits up 15% at Inditex

Brand house Inditex has reported a 15.4% rise in net sales to €20.9bn (£16bn) for the year to January 31, while net profits also jumped 15% to €2.88bn (£2.22bn).

Zara autumn 15

Zara autumn 15

Like-for-like sales were up 8.5% for the year. During 2015 Inditex generated more than 15,800 new jobs over the year, 4,120 of which were in Spain. Inditex’s total headcount now stands at 152,854.

In 2015 Inditex opened 330 stores in 56 markets, increasing its global network to 7,013 stores in 88 markets.

Online the firm rolled out its websites to Hong Kong, Taiwan, Macao and Australia during the year, bringing the total number of online markets to 29.

Next week the group will launch online in Bulgaria, Finland and Hungary. Inditex will complete its online presence in all the European Union markets in April when its online sales platform goes live in Slovenia, Malta and the Baltic States.

Meanwhile, the business is planning to launch in five new markets with stores in 2016- New Zealand, Vietnam, Nicaragua, Paraguay and Aruba.

Inditex’s Group chairman, Pablo Isla, said the results “demonstrate the Group’s potential, boosted by the quality and the commitment of all of its employees”.

Inditex also launched an employee bonus scheme during the year where employees who have worked for the firm for at least two years will share 10% of the company’s profit for 2015. According to the plan the group will pay out €37.4m (£28.8m) to the 78,000 employees of stores, factories, logistics and subsidiaries in April. Phase two of the scheme will be distributed in 2017, following the same criteria.

 

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