In the first half of 2024, Inditex, the parent company of several fast fashion brands like Zara and Massimo Dutti, posted robust financial results for the first half of 2024, reporting a 10.1 percent increase in net income, totaling €2.8 billion. The group’s sales rose 7.2 percent to €18.1 billion, fueled by store openings in 34 markets, bringing its global total to 5,667 stores. At constant exchange rates, sales increased by 10.2 percent. Gross margin improved by 7.5 percent to €10.5 billion, with a margin rate of 58.3 percent, up by 19 basis points.
Earnings before interest, taxes, depreciation, and amortization (Ebitda) rose 8.1 percent to €5 billion, while Ebit increased by 11.9 percent, reaching €3.5 billion. Inditex also strengthened its financial position with a 3.5 percent increase in net cash reserves, now totaling €10.9 billion. These strong results reflect the company’s ability to expand globally while maintaining operational efficiency and managing inflationary pressures.
Looking ahead, Inditex plans to bolster its logistics capacity, further supporting its online growth and store network expansions.
