Zara owner Inditex has reported a 7.6 per cent increase in first-half sales to €19.8bn, with the fashion group delivering growth across its store and online operations.
Sales increased 9.2 per cent on a constant currency basis during the six months, supported by demand for its Spring/Summer collections. Gross profit rose 8.3 per cent to €11.6bn, while gross margin increased to 58.7 per cent.
Net income climbed 6.8 per cent to €3bn, with EBITDA up 7.8 per cent to €5.5bn.
Inditex continued to invest in its store estate during the period, carrying out openings, refurbishments, and relocations across 51 markets. The group ended the half with 5,444 stores.
Trading has strengthened since the end of the reporting period, with store and online sales in constant currency rising 9 per cent between 1 August and 7 September compared with the same period last year.
The group is also expanding its lower-priced Lefties fashion brand. The retailer recently entered the UK with the opening of its first store in Liverpool and is due to launch in Germany next year.
Inditex, whose portfolio includes Zara, Pull&Bear, Massimo Dutti, Bershka and Stradivarius, said its integrated store and online model and continued investment in innovation remain central to its long-term growth plans.
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