(Finance) – The clothing giant Inditex recorded, in the first nine months of the year, a turnover of 25.6 billion, up 11.1% on an annual basis. Ebitda increased by 13.9% to 7.4 billion, whileNet income it stood at 4.1 billion (+32.5%).
The Spanish group known for the Zara brand and beyond, saw sales grow, both in store and online, at constant exchange rates between December 1st and December 11th by 14% compared to the same period in 2022.
Inditex reported that store optimization is ongoing and will have a positive impact on sales. For 2023, it expects a stable gross margin and ordinary capital expenditure of approximately 1.6 billion euros.