Historic Revenues for Inditex Group

The Inditex Group reported revenue of €11.94 cash, compared to €6.49 billion as of July 2020 and billion in the first-half (1 February - 31 July 2021), €6.73 billion as of July 2019. representing growth of 49% year-on-year, or 53% growth in local currencies. Net profit amounted to

First half earnings were robust despite trading hours €1.27 billion, compared with a loss of €195 million in being down by 15% (6% in 2Q21), due to closures, the first half of 2020. limitations and capacity restrictions across the Group’s various markets and specific locations due The Group’s revenue, profit and cash generation to the pandemic. In the second quarter 2021, between  May and July reached historic highs for the period.

Online sales, meanwhile, continued to register significant growth, reaching 36% above 1H20 levels Inditex’ executive chairman, Pablo Isla, commented and 137% above the prepandemic 1H19 figure (all in that this strong performance “is the result of the local currencies). Online sales expected to account commitment displayed by everyone at the company for more than 25% of total sales in FY2021. And their continued focus on delivering top creative and quality fashion. Thanks to all of them we are

The Group’s first-half gross margin was a robust reaping the benefits of the strategic and sustainable 57.9%, thanks to the performance of the business transformation in our unique business model”. model, its flexibility and the digital transformation.

Based on the information currently available, the Second-quarter revenue accelerated and grew 7% in company forecasts full year gross margin of around local currencies, to €6.99 billion, when compared with 57.5% (+/- 50bps) in 2021. the previous historic high for the quarter, set in 2Q19.

Similarly, second-quarter 2021 net profit reached €850 With respect to the start of the second half, million, outperforming the previous high set in 2Q19. Specifically between 1 August and 9 September 2021, store and online sales, in local currencies, increased The Group’s ability to generate cash is particularly by 22% year-on-year and by 9% compared to the noteworthy: as of July 2021, Inditex had €8 billion in same period of 2019.