Inditex records historic results in the first half of 2022, despite the current economic environment marked by the war in Ukraine and inflation. Parent company Zara, bersekha or Stradivariusachieves historical sales, EBITDA and earnings. The company, chaired by Marta Ortega, earned 41% more than in the same period in 2021, to 1,794 million euros, and sales reached 14,845 million euros with a constant increase of 25%.

“These results are attributed to four key drivers of our work. Our offer for fashionconstantly optimized shopping experience for our customers, our focus sustainability as well as the talent and commitment of our people,” said the CEO, Oscar Garcia Maceiras.

In addition gross profit also owner Pull and carry or Massimo Dutti amounted to 8,594 million euros, up 24.5% compared to the first half of 2021 and representing 57.9% of sales, the highest figure in the last 7 years. operational result (EBITDA) increases by 30% to EUR 4,029 million, and operating expenses they are up 20% compared to the first half of 2021, below sales growth.

clean box it also rose by 15% to 9,242 million euros. From my side, online sale she progressed “satisfactorily” and was positive in the second trimester. Thus, the forecast of exceeding 30% of total sales in 2024 is maintained. “Our business model is operating at full capacity and has great potential for future growth,” Maceiras added.

On the other hand, sales in stores and online at a constant exchange rate from August 1 to September 11, 2022, they increased by 11% compared to the record period of 2021. During the first fiscal quarter, it opened in 24 markets and has 6,370 locations worldwide.

Supply chain

To manage potential supply chain tensions and ensure product availability in the second half of 2022, the company has temporarily restocked for the fall/winter campaign. For this reason, inventories as of July 31, 2022 increased by 43%.

In addition, the company claims to have fully provided for the estimated costs for 2022 in the Federation. Russian D Ukraine. Extraordinary expenses of €216 million have already been included in the first quarter.

The company also notified the National Securities Market Commission (CNMV) that dividend at the end of fiscal year 2021 (0.465 euros per share) will be paid on November 2, 2022, and on December 14, the results of the first nine months of fiscal year 2022 will be published.