Inditex reported a net profit of 4.102 million euros for the first nine months of the 2023-2024 financial year (February 1 to October 31), representing an increase of 32.5% compared to a year earlier, Inditex reported this Wednesday. company.

The group, chaired by Marta Ortega, increased its sales to 25,609 million euros, or 11.1% more, with “very satisfactory” dynamics in both sales and sales. Online, positive in all geographies and formats. Sales at constant exchange rates rose 14.9%.

Gross profit increased by 12.3% to €15,203 million and represented 59.4% of sales (+67 basis points compared to a year earlier).

The company emphasized that all expense items developed favorably. Operating expenses increased by 10.6%, which was lower than sales growth.

Operating result (Ebitda) increased by 13.9% to €7.429 million, net operating result (Ebit) increased by 24.3% to €5.192 million and profit before tax increased by 29.8% to €5.238 million .

Net cash increased by 15% compared to a year earlier, reaching 11,480 million euros.