Decathlon Spain generated VAT-exclusive revenues of €1.857 billion, down 1.4 percent from the €1.883 billion of FY23.
Decathlon Spain generated VAT-exclusive revenues of €1.857 billion, down 1.4 percent from the €1.883 billion of FY23. Net profit amounted to €71.4 million, down 42.3 percent from the €123.8 million of FY23.
According to the group, as Palco23 reports, the situation in Spain is due to increased geopolitical uncertainty and its “consequences on the evolution of consumption,” and a rise in the cost of raw materials will affect business in FY25. Much of the profit drop, however, is due to “significant investments.”
Indeed, over the course of FY24, the company invested some €50 million in its brand image and in modernizing its stores and website. A further €38 million for the current year will bring the renewal to another 70 stores.
Spain is for Decathlon the second market after France
Spain is nevertheless the group’s second market, after its home market of France, accounting for 11.4 percent of total sales.
Online sales accounted for 14 percent of the Spanish total and “circular” sales (second life, rentals, repairs, maintenance) for 3.1 percent – up 47 percent from 2023. Decathlon Spain has expanded the collaboration initiated in February with Wallapop Pro, a freemium mobile platform for secondhand sales. It has also opened its first “second life” Pro Shop for cycling, at the store in Rivas-Vaciamadrid.
So far in 2025, Decathlon Spain has opened 22 Pro Shops for cycling, 22 for running and 16 for football, with others for swimming and padel.
The company ended FY24 with 171 stores and a staff of 10,850 in Spain. It disbursed €6.3 million in profit sharing.
