Inditex picks up speed and achieves a new record profit in the first nine months of the year
Inditex has achieved a net profit of 3.9% to 4,622 million of euros in the first nine months of its fiscal year, which covers February to October. For its part, earnings before interest, taxes, depreciation and amortization (EBITDA) have increased by 4.2% and reached 8,303 million euros in the same period. For its part, Sales in this period have grown by 2.7%, up to 28,171 million of euros with an increase at constant exchange rate of 6.2%. Only in the third quarter, from August to October, the textile group has accelerated and achieved an increase of 4.9% to 9,814 million euros with an increase at constant exchange rate of 8.4%. This supposes a clear improvement in the performance of the textile giant compared to the beginning of the year and above analysts’ expectations, although the growth is still far from the figures from a year ago when the increase in profit was 8.5% and the increase in turnover was 7.1%.
Regarding the execution of the business, in the statement sent by the owner of brands such as Zara, Zara Home, Stradivarius and Pull & Bear to the National Securities Market Commission (CNMV), the company has highlighted that between February and October the gross margin has increased by 3.2% to 16,811 million of euros, standing at 59.7% of sales. This represents 27 basis points more compared to the nine months of fiscal year 2024. The company highlights that all expense lines have evolved positively. Operating expenses have increased by 2.4%, although they have done so below sales.
