Inditex’s full-year 2023 sales were up 10.4 percent to €35.9 billion, or 14.1 percent in constant currency. E-commerce accounted for €9.1 billion, up 16 percent. Sales were particularly strong in Europe outside of Spain, rising 48.7 percent.
Gross profit rose 11.9 percent to €20.8 billion, with gross margin expanding by 57.8 percent. Ebitda reached €9.9 billion (+13.9%), Ebit €6.8 billion (+23.4%) and net income €5.4 billion (+30.3). The Board of Directors proposes a 28 percent dividend increase to €1.54 per share, with the ordinary dividend at €1.04 and a bonus dividend at €0.50.
CEO Oscar García Maceiras described his group’s performance as “excellent,” saying that its “teams have been able to take advantage of the opportunities to keep growing profitably.”
The group expects sales growth of about 5 percent from now to 2026. This year, it expects to spend about €1.8 billion to optimize its commercial space, pursue technological integration, and improve online platforms. Over the next two years, it will allocate €900 million per year to expand its logistics.
