Spanish fashion giant Inditex has enjoyed a strong 2024 financial year, reporting increases in sales and profits during the period.
From February 1, 2024, to January 31, 2025, Inditex sales across all of its brands grew 7.5% to €38.6bn (£32.5bn), while profit before tax increased 10.3% to €7.6bn (£6.4bn).
EBITDA jumped 8.9% during the period to €10.7bn (£9bn), EBIT climbed 11% to €7.6bn (£6.4bn) and gross profit jumped 7.6% to €22.3bn (£18.8bn).
In more recent trading, for the period covering February 1 to March 10, Inditex reported sales across its brands were up just 4% in constant currency terms, compared to 11% a year ago.
Commenting on the 2025 outlook, Inditex said it had a “strong commitment to profitable growth” and expected a 5% uptick in annual profits at the end of the 2025/26 financial year.
“The excellent sales and profit figures show the solidity of the Inditex group’s profitable growth,” said group chief executive Óscar García Maceiras.
“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.”
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