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Inditex’s Q2 sales grow by 51%

  

Indiex’s second quarter sales rew by 51 percent compared with the corresponding period last year, and 7 percent versus 2019 on a constant currency basis.

With 99 percent of Inditex brand stores now open, sales have been gaining even more momentum. The retailer’s retail store and online sales increased by 9 percent between August 1 and September 9 compared with 2019. Compared with 2020, those sales rose 22 percent on a constant currency basis.

In the first six months to July 31, Inditex’s net sales reached €11.9 billion, 49 percent higher than in the same period last year. Sales in constant currencies grew by 53 percent.

The company’s t online sales in constant currency increased 36 percent compared with the corresponding period last year, and 137 percent versus 2019. The company said it expects online sales to account for more than 25 percent of overall store revenue in the full fiscal year.

In the first half, EBITDA increased 109 percent to €3.1 billion, while EBIT reached €1.7 billion. That compares with an EBIT loss of 198 million in the first half of 2020.

Net income in the first half was €1.3 billion, compared with a loss of €195 million in the first six months of last year.

 
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