The parent company of brands such as Zara, Massimo Dutti, Stradivarius, Pull & Bear and Bershka described the results published on Wednesday as “solid”, although the figures fell short of analysts’ expectations.
Between February and April, Inditex generated revenue of €8.27 billion, representing a 1.5% increase compared to the same quarter last year. Adjusted for currency effects, sales rose by 4.2%. Excluding the leap year effect from 2024, the growth rate in constant currencies would have been 5.3%.
Due to rising operating costs, earnings before interest, taxes, depreciation, and amortization (EBITDA) grew only 1.0%, reaching €2.39 billion. Net profit attributable to shareholders stood at €1.30 billion, up 0.9% from the prior-year period. Earnings per share increased slightly from €0.416 to €0.419.
Management Reaffirms Investment Strategy
The company highlighted strong customer demand for its current Spring/Summer collections, noting that revenue from May 1 to June 9 rose by 6% in constant currency terms compared to the same period last year.
Inditex also reaffirmed its investment plans, confirming that it will allocate around €900 million this year to expand its logistics capacity.
