'Inditex' achieves a historical maximum of sales and profit in a third quarter

The group property of Amancio Ortega has won 24% more than profits with regard to the same period of the past year

Editorial
21 of December of 2022
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Inditex beats its record of sales and profits
Inditex beats its record of sales and profits

As it has published the agency of news of 'Europe Press', the fashionable group Spanish that possesses Amancio Ortega, has registered a net profit of 3.095 million euros in the nine first months of the fiscal exercise of 2022-2023. These 3.095 million euros, have turned into an increase of until 24% with regard to the same period of the previous year.

23.055 million euros are the total of sales that has counted the group 'Inditex' from the beginning of January until finals of October, what has supposed 19% more than in the same period of the past year.

With these numbers, the Spanish multinational of manufacture and textile distribution, signs his historical maximum of sales and profits in a third quarter, with a quarterly profit of 1.305 millions and some sales of 8.211 million euros.

Óscar García Maceiras, adviser delegated of the group, has valued the results of form very positive: "In some very demanding surroundings, these results show clearly the fortress of our only model: collections with a high fashionable component, experience of alluring purchase and a human team very engaged to attain a profitable and more sustainable growth."

During these first nine months of the fiscal exercise 2022-2023, 'Inditex' has made a total of 30 openings in markets, and to date of 31 October accumulated more than 6.300 physical points of sale. Besides, the e-commerce works to perfection, and the results obtained are satisfactory and expect that in the year 2024, the on-line sale turn into 30% of the total sale, thus, will invest of ordinary way in the next year a total of 1.100 million euros.

They expect that the on-line sale turn into 30% of the total of the sales in 2024

Thanks to these figures, from the Spanish textile multinational, continues to  augure new opportunities of business and do not see reasons so that his growth brake . The steps will continue by an improvement of the fashionable proposal, optimise constantly the experience of the customer, keep the approach in sustainability and preserve the talent and the commitment of the people.

In how much to the increase of prices of 5% in the products of 'Inditex', the director of Market of Capital of Inditex, has admitted that it will keep , at least, in the fourth quarter. Also they consider that with these results, has amortised the extra cost that assumed in October by the exit of Russia, a market that was the second regarding turnover. The company announced to few days to begin the month of October, that included a charge extraordinary to sell his business in Russia to the group investor of the Arab Emirates Joined, 'Daher', but did not close the door to a possible turn in the future.