Zara owner Inditex reports 'strong' profits and sales growth

Zara parent Inditex reported strong sales during its first half of the year

Inditex reported an increase in profits and sales, as the fashion giant hailed the continued rollout of its “global, fully integrated store and online platform”.

For the nine months to October 31, 2019, Inditex reported that gross profit across its stable of brands rose to €11.5bn (£9.73bn) an increase of 8% on the same period the previous year.

Sales for the period surged 7.5% to €19.8bn (£16.7bn), with the retailer describing trading as “strong throughout the period”.

EBITDA increased 10% in the nine months to €5.7bn (£4.8bn), while net income surged 14% to €1.2 (£1bn).

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