Inditex sales and profits continue to climb with a ‘robust operating performance’

In the six months to July 31, the Spanish fashion giant saw its gross profit increase by 14.1% to €9.8bn (£8.4bn) and a 15.7% rise in EBITDA to €4.7bn (£4bn).

Inditex sales across all of its brands – Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius and Oysho – grew 13.5% overall to total €16.9bn (£14.5bn) in this period.

The fashion retailer credits its spring/summer collections, as well as its team’s “creativity” and execution of the “fully integrated business model”, to the contribution of its strong sales.

Inditex said its autumn/winter collection is already being “well received” by customers, with store and online sales in constant currency in the six weeks to September 11 up 14%.

The group expects to continue to see “strong growth opportunities” and will prioritise improving the fashion proposition, enhancing customer experience, increasing focus on sustainability and preserving the talent of its teams.

Inditex chief executive Óscar Garcia Maceiras said: “The H12023 results demonstrate that the talent of our teams continues to consolidate the improvements in the performance of our business model. 

“The ongoing commitment to creativity, quality and customer experience, as well as the determined progress in sustainability, drives a strategy that is taking our business to the next level.”