The Spanish fashion group Inditex, whose brand portfolio Zara, Bershka, Stradivarius and Massimo Dutti belong, presented the results for the first half of the current financial year 2025 on Wednesday. The company therefore achieved low sales and profit growth, but at the same time lost global influence.
According to the corporate management, Inditex generated net sales of 18.36 billion euros in the first half of the year, which was completed on July 31. This corresponded to growth by 1.6 percent compared to the same period last year at 18.07 billion euros. Compared to the first half of 2019, the last year before coronapandemic, sales rose by 43.19 percent.
The company’s net profit was 2.79 billion euros in the first half of the year. It was almost 0.5 percent above the corresponding previous year’s level of EUR 2.78 billion. Compared to profit of 1.55 billion euros in the first half of 2019, however, this means an increase of 79.72 percent.
“We achieved a solid performance in the first half of 2025,” said óscar García Maceiras, the CEO of Inditex. “We recorded satisfactory sales in a complex market environment and were able to maintain solid profitability at the same time. The efficient work of our teams proves the strength of Inditex’s business model.”
Stagnation at Zara, sales declines at Massimo Dutti, in America and Asia
In the second quarter, the group turnover rose by 1.7 percent to EUR 10.08 billion. In the first three months, it grown by 1.5 percent to 8.27 billion euros.
The turnover according to brands in the first half of 2025 is distributed as follows: Zara stagnated to 13.15 billion euros (+0.9 percent) with a slight growth. Stradivarius generated 1.33 billion euros (+5.7 percent), Bershka 1.44 billion euros (+4 percent) and Pull & Bear 1.16 billion euros (+3 percent). Oysho achieved an increase of almost six percent to 0.39 billion euros. The sales of Massimo Dutti, on the other hand, decreased by almost one percent to 0.90 billion euros.
The increase in sales in the first half of the year owed Inditex to development in Europe. There, the proceeds rose by 3.2 percent to 9.31 billion euros. Outside of Spain, where the company continued to grow strongly, sales were around 2.85 billion euros (+7.1 percent).
In the other global market regions, the company lost influence. In the America region, sales fell by 3.8 percent to around 3.27 billion euros. In Asia and the other international markets, the proceeds also decreased by 2.0 percent to around 2.94 billion euros.
Outlook and start into the second half of the year
The first sales with the current autumn/winter collections 2025/2026 were nine percent above the corresponding level of the previous year from August 1 to September 8.
For the year as a whole, the company expects a negative currency effect of four percent and a largely stable gross margin. The growth of the gross sales area is expected to be around five percent in the year, whereby the net surface should develop positively compared to the previous year.
- Inditex recorded low sales and profit growth in the first half of 2025. The net turnover was 18.36 billion euros, an increase of 1.61% compared to the previous year.
- Zara stagnated while Massimo Dutti had to accept a loss of sales. Europe, especially Spain, drove growth, while sales in America and Asia decreased.
- Inditex expects a negative currency effect of -4% and growth of the gross sales area for the overall year.
This article was used with digital tools translated.
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