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 profits jump after rapid expansion

Inditex, the group behind chains including Zara, Massimo Dutti, Bershka and Pull and Bear, said profits increased 42% to €1.2bn (£994m) in the nine months to October 31.

Net sales were up 14% to €8.9bn (£7.5bn) over the period and EBITDA jumped 33% to €2.1bn (£1.7bn).

The Spanish fashion giant has rapidly expanded its portfolio over the past nine months with 300 new stores opening in 45 countries, most notably in Asia where it has opened 42 stores in China and 8 Zara stores in both Japan and South Korea.

Inditex’s venture into online in Europe during the third quarter has also boosted sales. launched during the period across six European countries including the UK.

Inditex last week opened its 5000th store when the new eco-efficient Zara store opened in Rome.

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.