Inditex to present new Environmental Strategic Plan in July

21 Mar '07
3 min read

Inditex´s net sales increased 22% and its net income rose 25% in FY2006.

• The Group hired 11,050 individuals in the year, and the staff reached the number of 69,240 employees, 19% higher than a year earlier.
• The Group shall maintain its traditional reinvestment policy, with an estimated CAPEX of between €850 and €950 million in 2007.
• Net openings amounted to 439 stores, with Inditex reaching an aggregate number of 3,131 stores in 64 countries at yearend
• Store sales in Europe were for the first time higher than those in Spain, in a year where international stores accounted for more than 60% of the total sales.
• The Board of Directors will propose a dividend of 0.84 euros per share, which represents a 25% increase.
• Inditex will present in July its new Environmental Strategic Plan, to foster its energetic saving policy, the use of renewable energies and the emissions reduction.

Fiscal year 2006 (1st February 2006 to 31st January 2007) was marked particularly by three elements: Inditex Group's store sales within the rest of Europe (40.6%) were for the first time higher than those achieved in Spanish stores (39.6%); secondly, the Group created 11,050 net jobs, and last, 439 newstores were launched.

The Group's net sales increased 22% totalling €8,196 million and the net income reached €1,002 million, 25% higher than in FY2005. With the new 11,050 jobs created in the year, the total staff of the Group amounts to 69,240 employees, a 19% increase versus a year earlier.

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