Clothing & Shoes
Zara owner Inditex sees sales and profits surge in FY24
According to the group, the higher level of store sales was achieved with 2.0% more commercial space and 2.3% fewer stores than in 2023
Inditex, the owner of Zara, has hailed its “robust” full-year performance after sales rose by 10.5% to €38.6bn (£32.5bn) in 2024, following “very satisfactory” trading both in stores and online.The group, which also owns brands including Pull and Bear and Bershka, reported profit-before-tax rose by 10.3% to €7.6bn (£6.4bn) while EBITDA increased 8.9% to €10.7bn (£9bn). Net income meanwhile rose by 9% to an “historic high” of €5.9bn (£5bn).
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