Inditex's Net Profit Rises 8.5% to €4.4 Billion in the First 9 Months of the Year

Inditex, the owner of brands like Zara, Massimo Dutti, Oysho, Zara Home, and Pull&Bear, has continued to show very strong performance in the first nine months of 2024, thanks to the creativity of its teams and the robust implementation of its fully integrated store and online business model.

The statement noted: "The Fall/Winter collections were well received by customers. In the first nine months of 2024, sales increased by 10.5% at constant exchange rates, marking a very satisfactory development in both stores and online. Sales performed positively across all concepts. The margins from sales remain at a healthy level in various items on the income statement.

Sales reached €27.4 billion in the first nine months of 2024, reflecting a 7.1% increase. Gross profit rose by 7.2% to €16.3 billion, with the gross profit margin reaching 59.4%, which is a 4% increase compared to the first nine months of 2023.

A positive development was observed in all expense categories. Operating expenses increased by 7.0%, trailing behind sales growth. EBITDA grew by 7.2%, reaching €8.0 billion. Operating profit (EBIT) increased by 9.3% to €5.7 billion. Profit before tax (PBT) rose by 9.9% to €5.8 billion. Net profit grew by 8.5% to €4.4 billion.

We continue to generate strong cash flow and reinvest in our business. The net cash position increased by 3.0% to €11.8 billion. A final dividend of €0.77 per share for the fiscal year 2023 was paid on November 4, 2024.

The Fall/Winter collections continue to be positively received by our customers. At constant exchange rates, store and online sales from November 1 to December 9, 2024, increased by 9% compared to the same period in 2023."