(Finance) – Inditexthe Spanish clothing company, ended 2023 with a sales up by 10.4% compared to the previous year to 35.9 billion euros.
EBITDA increased by 13.9% to 9.9 billion euros while EBIT stood at 23.4%, at 6.8 billion euros.
Net profit of the Zara manufacturer reached 5.4 billion euros, an increase of 30.3%.
There net cash position it jumped by 13.3% to 11.4 billion euros.
The Board of Directors will propose to the Shareholders’ Meeting a 28% increase in dividendequal to 1.54 euros per share, made up of an ordinary dividend of 1.04 euros and an extraordinary dividend of 0.50 euros per share.
“In 2023 Inditex registered excellent results – stated the CEO, Oscar Garcia Maceiras. Our teams have been able to leverage opportunities to continue to grow positively. We are investing to drive future growth and continue to deliver an attractive return for shareholders.”