Inditex, the owner of Zara, continues to showcase robust financial performance in 2024.
- The company reported a significant 7.2% increase in revenue, reaching €18.1bn (£15.3bn) for the first half of the year.
- Gross profit saw a notable rise of 7.5%, amounting to €10.5bn (£8.9bn), while EBITDA increased by 8.1% to €5bn (£4.2bn).
- Zara remains the leading brand within the group, contributing to the overall positive sales impact with a 5.4% increase in net sales.
- Overall, Inditex expanded its retail presence by opening new stores across 34 markets, culminating in a total of 5,667 operational stores.
Inditex has reported a significant increase in revenue, reflecting a 7.2% year-on-year growth, totalling €18.1bn (£15.3bn) for the period from 1 February to 31 July 2024. This upsurge is largely attributed to strong sales in the spring/summer collections, which have been well-received by consumers globally.
The company’s gross profit rose by 7.5% to €10.5bn (£8.9bn), while EBITDA also experienced an 8.1% growth, reaching €5bn (£4.2bn). The favourable reception of their seasonal collections has not only sustained but also accelerated their financial momentum, with the autumn/winter collection sales seeing an 11% increase in constant currency from 1 August to 8 September 2024 compared to the previous year.
Zara, including Zara Home, continues to be the top performer amongst Inditex’s brands, recording a 5.4% increase in net sales year-on-year, reaching €13m (£11m). This performance underscores its position as the leading brand in the Inditex portfolio, which also includes Pull & Bear, Massimo Dutti, Oysho, Bershka, and Stradivarius.
The Inditex group has expanded its physical retail footprint, with store openings in 34 markets, culminating in a total of 5,667 stores worldwide. Zara holds the largest number of these outlets, with a total of 1,792 stores, reinforcing its global brand presence.
Óscar García Maceiras, CEO of Inditex, attributed this stable growth to the quality and design of their fashion propositions, operational efficiency, and increasing sustainability efforts, which altogether form the backbone of the company’s integrated business model.
“Our fully integrated model continues to generate opportunities for profitable growth across all concepts, regions and channels,” Maceiras asserted.
Inditex’s impressive financial performance and strategic expansion underscore its resilience and robust market position in 2024.
