The Spanish fashion group Inditex, parent company of chains such as Zara, Bershka or Massimo Dutti, presented the business figures for the past 2024 financial year this morning. The financial year, which ended on January 31, 2025, completed the company led by Marta Ortega with new “record heights”, but with a weakened growth that moves in the single -digit range.
According to the company’s business figures, Inditex reported a total turnover of 38.63 billion euros for the 2024 financial year. This corresponds to an increase of +7.46 percent compared to the 35.95 billion euros in sales in the 2023 financial year and growth of +36.57 percent compared to the 28.29 billion euros in sales in the 2019 financial year, the last year, which, as we know, was completed without the effects of coronavirus pandemic. A positive growth, with which a new record turnover was achieved at the end of 2024, with a lower, single -digit rate compared to the growth of +10.37 percent in the previous year.
In terms of profit, the Spanish fashion group concluded the year with a net profit of 5.88 billion euros. This amount corresponds to an increase of +8.93 percent compared to the net profit of 5.40 billion euros in 2023 and an increase of +52.45 percent compared to the 3.86 billion euros in 2019. However, a positive development of profitability at “record level”, which, however, is smaller and set compared to the increase in net profit in 2023.
“The excellent sales and profit numbers show the solid profitable growth development of the Inditex Group,” emphasized óscar García Maceiras, CEO of the company, in a statement published by the company management of the Spanish fashion group. This growth, according to Maceiras, “is based on the quality of the commercial offer of all of our formats, the efficiency in all business areas and the constant innovation, with which our teams drive a business model that continues to demonstrate its ambition and strength 50 years after the opening of our first business.”
With Zara, inpatient trade and Europe as the largest sources of sales
A brief more detailed analysis of the business development of Inditex in 2024 according to business areas shows that Zara – under which the activities of Zara Home and Lefties are summarized – with a total sales of EUR 27.78 billion (+6.6 percent compared to the previous year) was still the company’s largest sales bringer. Followed by Bershka with a turnover of 2.93 billion euros (+11.8 percent), Stradivarius with 2.66 billion euros (+14.1 percent), Pull & Bear with sales of 2.47 billion euros (+4.6 percent), Massimo Dutti with 1.96 billion euros (+6.6 percent) and finally Oysho with an annual sales of 831 Million euros (+11.8 percent).
If one looks at the development according to sales channels, stationary trade in growth from +5.9 percent to EUR 28.47 billion remained the most important source of sales of the group. This in a financial year that the company concluded with 5,563 branches -between openings and closings -which means a net loss of -129 sales offices compared to the 5,692 branches at the end of 2023, although the sales area increased by +2 percent. This distribution of sales according to sales channels is supplemented by the online channel, in which sales rose by +12 percent to 10.16 billion euros.
Finally, the company consolidates its position in Europe, whereby the European markets – without Spain – get from 48.7 to 50.6 percent of the company’s total turnover. The Inditex Group was able to continue weight in Spain. Spain’s market share rose from 14.8 to 15.1 percent of total sales. At the same time, the proportion of activities in America in the company’s balance sheet decreased from 19.6 to 18.6 percent of the total inpatient and online turnover, and in Asia and the other markets, the proportion of group sales fell from 16.9 to 15.7 percent.
Investments of 2.7 billion euros for 2025
For the new financial year 2025, the company has promised total investments of 2.7 billion euros. This amount includes the 900 million euros in special investments that the company announced last year for 2025 as part of its strategic logistics expansion plan for 2024-2025, as well as the 1.8 billion euros in proper investments that Inditex has announced for this year and which mainly for optimizing the sales network, technological integration and improvement Online trading platforms are planned. In this context, it is expected that the annual gross area increase in the period 2025-2026 as the result of these investments will be around +5 percent.
Finally, the company announced that sales between February 1 and March 10th rose by +4 percent. This percentage rose to +7 percent in constant exchange rates in the last week of the same period.
This article previously appeared on fashionunited.es and was used with the help of digital tools translated.
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