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Inditex FY'13 sales rise 6% to €7.7bn
18
Sep '13
Inditex posted net sales of 7.7 billion euros in the first half of FY13 (from 1 February to 31 July), year-on-year growth of 6%; this figure rises to 8% in local currency terms. Like-for-like sales growth was 2%, on top of a 7% in 1H12. The Group's net profit increased by 1% year-on-year to 951 million euros.

The Group continues to generate employment, creating over 10,000 new jobs to bring the total headcount to 122,579.

Investments of more than €450 million in the commercial and logistics areas have paved the way for the creation of more than 1,500 jobs in Spain. The new platforms in Palafolls and Tordera are already fully operational

Net sales in local currencies rose by 8%, while net profit amounted to 951 million euros.

The Group opened 95 stores during the first six months of this fiscal year, bringing the total across its 86 markets to 6,104

In August, Zara launched its online sales in the Russian Federation, Massimo Dutti and Zara Home began to sell online in Canada.

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Inditex

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