Inditex is going through one of its best moments. The group has reached historical figures of sales, profit and cash position during the first semester from fiscal year 2019-2020, which covers from February 1 to July 31 of this year.
According to the data that the company has transferred to the National Securities Market Commission, Inditex obtained a net profit of 1,549 million euros during that time. Something that supposes an increase of 10% with respect to the same period of the previous year.
The group has thus achieved a historical benefit during a first semester. A record that has also beaten in sales reached 12,820 million euros for the first time, which translates into an increase of 7%.
These sales have increased in all formats, both in store and on-line, and in all geographic areas. Although Europe, not including Spain, remains its first market with 44.4% of sales. It is followed by Asia with 24% and America with 16%. In Spain, however, sales have fallen slightly, from 16.1% reached in the first half of last year to 15.6% obtained in 2019.
Marcos López, director of Investor Relations, has shown that these data place Inditex in an "optimal" position to take advantage of growth opportunities that the group has ahead.
During this first fiscal semester, the group has carried out openings in 31 markets, which adds a total of 7,420 stores in 96 markets for Inditex, of which 62 also have a store on-line.
Further, Zara Home products will be available on the web Zara from September 17 in the United Kingdom, something that the company intends to extend to other markets.
Photos | Zara.