Inditex, the company behind popular brands like Zara, Massimo Dutti, Pull&Bear and Oysho, has achieved a remarkable performance during the first nine months of 2024. The company recorded a 7.1% rise in sales, reaching €27.4 billion, driven by the creativity of its teams and the seamless integration of its physical stores and online platform.
Customers responded enthusiastically to the Fall/Winter collections, with sales increasing by 10.5% at constant exchange rates, reflecting strong growth across all its business segments. Both online and in-store sales showed a very positive trend.
Gross profit for the period rose by 7.2%, reaching €16.3 billion, with a gross margin of 59.4%, a 4% improvement compared to the same period in 2023. Operating expenses grew by 7.0%, which was lower than the sales growth. Meanwhile, EBITDA climbed by 7.2% to €8.0 billion, and operating profit (EBIT) grew by 9.3%, reaching €5.7 billion. Profit before tax also saw an impressive increase of 9.9%, totaling €5.8 billion, while net profit rose by 8.5% to €4.4 billion.
The company distributed a final dividend of €0.77 per share for the fiscal year 2023 on November 4, 2024. From November 1 to December 9, 2024, Inditex recorded a 9% growth in sales at constant exchange rates compared to the same period in 2023. The company continues to generate robust cash flow, allowing it to reinvest in its business and maintain its growth momentum.
