Companies

Inditex reports strong full year results

Mar 17, 2025 Spain

The Spain-based fashion group, which owns Zara and Massimo Dutti, among others, has reported a strong performance for the fiscal year 2024, with both sales and profits up year-on-year

“The excellent sales and profit figures show the solidity of the Inditex Group's profitable growth, based on the quality of the commercial offer of all our formats, the efficiency in all operations and the constant innovation with which our teams drive a business model that continues to show its ambition and strength 50 years after the opening of our first store”, commented Oscar García Maceiras, CEO of Inditex.

Fiscal 2024 Results

The group’s sales increased by 7.5% to 38.6 billion euros in 2024, with “very satisfactory” developments both in-stores and online, as well as across concepts, as compared to the previous year. In constant currency, sales increased by 10.5% year-on-year.

In particular, store sales grew by 5.9%, reflecting increased footfall and productivity gains. During the year, Inditex opened its first stores in Uzbekistan and continued its store optimisation activities (257 new openings and 254 renovations), ending the year with 5 563 stores worldwide.

Online sales also grew “satisfactorily” by 12.0% to 10.2 billion euros, on a comparable basis to 2023.

Inditex’s full year gross profit increased by 7.6% to 22.3 billion euros, as compared to the prior year, with gross margin improving by 8 basis points year-on-year to 57.8%.

The fashion group also reported a full year EBITDA of 10.7 billion euros, up by 8.9% year-on-year, and an EBIT of 7.6 billion euros, up by 11.0% year-on-year.

Last fiscal year, Inditex's profit before tax increased by 10.3% to 7.6 billion euros and its net income increased by 9.0% to 5.9 billion euros on a comparable basis to 2023.

Year-to-Date

Inditex said that its “Spring/Summer 2025 collections have been well received by our customers”, with store and online sales in local currency (adjusted for the calendar effect of an extra trading day in February 2024) up by 4% between the 1^stof February and the 10^thof March 2025, against the same period of 2024.

Image Credits: fashiongonerogue.com

Spain Companies Fashion Inditex Results Year Results