Home / Knowledge / News / Apparel/Garments / Inditex Group FY16 net sales climb 15.4%
Inditex Group FY16 net sales climb 15.4%
Mar '16
Courtesy: Inditex
Courtesy: Inditex
Net sales at Inditex Group, which has fashion brands like Zara in its portfolio, climbed 15.4 per cent year over year in the fiscal ended January 31, 2016.

In a press release, Inditex said its net sales increased 15.4 per cent in fiscal 2016 from a fiscal ago period to €20.90 billion, underpinned by growth in all of the group's geographic regions.

Net profit in the reporting period grew to €2.88 billion, up 15 per cent year on year and EBITDA also registered growth of 15 per cent to €4.70 billion.

“Like-for-like sales growth was 8.5 per cent in fiscal 2016 as against 5 per cent growth in the prior fiscal, with positive growth in all geographies and across all the formats,” the Spanish apparel marketer stated.

Group chairman, Pablo Isla said, “These figures demonstrate the group's potential, boosted by the quality and the commitment of all of its employees.”

In the fiscal under review, Inditex generated 15,800 new jobs, boosting its worldwide headcount from 137,054 a year earlier to 152,854.

“The pace of job creation in Spain, where 4,120 new jobs were created across stores, head offices and logistic platforms, was a particular highlight,” Inditex added in the press release.

The Group invested €1.52 billion in the fiscal, earmarking this capital expenditure to the group's growth and international expansion.

Inditex further added that in April, 78,000 group employees will receive payment for the first phase of the extraordinary profit-sharing plan.

In the fiscal, Inditex opened a net 330 stores in 56 markets, lifting its global network to 7,013 stores in 88 markets.

In the same fiscal, Inditex rolled out its online sales platform in Hong Kong, Taiwan, Macao and Australia and ended the fiscal with an online sales presence in 29 markets.

The board of directors will ask the company's shareholders to approve a €0.60 per share dividend, up 15.4 per cent over last fiscal, at the next annual general meeting. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: American & Efird

Textiles | On 20th May 2018

A&E introduces Repel

American & Efird (A&E), a global leader in industrial sewing thread...

Archroma working with House of Denim Foundation

Textiles | On 20th May 2018

Archroma working with House of Denim Foundation

Archroma, a leader in colour and specialty chemicals, has joined...

Courtesy: Amazon

Textiles | On 20th May 2018

Amazon opening first fulfillment centre in Tucson

Amazon.com is opening its first fulfillment centre in Tucson, which...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search