Sprinter pulled itself out of the red and into the black in its most recent financial year, ended Jan. 1, 2025.
The news come to us from Palco23, which has gotten a look at the company’s statements. Sprinter has been wholly owned by JD Sports since 2023.
Having ended FY23/24 with a net income of negative €13.4 million, the Spanish retailer managed a net income of positive €33.8 million in FY24/25. There was little change year-on-year in revenues. In fact, there was a decline – from €662 to €650 million (-1.8%). Sprinter turned things around by taking an axe to some of its costs.
For example, it reduced supply costs from €427 to €395 million (-7.5%) and other operating expenses from €118 to €100 million (-15.2%). Both personnel expenses and depreciation of fixed assets, however, increased – by 2.5 and 13.5 percent respectively.
At Jan. 1, 2025, Sprinter had 191 stores in Spain, where it generated the near entirety of its sales (€649.76m). (Sales to other EU countries and the rest of the world amounted to €389,000 and €144,000.) The plan is to have 220 stores by the end of this year – and 240, last we heard, by some point in 2026.
