Industry Stock Market: Inditex Aitesi Group'S 2024 Financial Report For The First Nine Months

According to Inditex Information Center, Inditex Aitesi Group announced its nine month performance in the middle of 2024 fiscal year. During the first nine months of 2024, Inditex Aitesi Group continued to maintain an unusually strong operating performance by virtue of the creativity of the team and the strong implementation of the business model of full integration of online and offline stores.

During the first nine months of 2024, in fixed currency terms, sales increased by 10.5%, and both stores and online sales have achieved satisfactory development. The sales of all brands showed positive growth. In each item of the income statement, we continue to maintain a very healthy sales profit margin.

During the first nine months of 2024, sales increased by 7.1% to 27.4 billion euros. Gross profit increased by 7.2% to € 16.3 billion. The gross profit margin reached 59.4% (increased by 4 basis points compared with the first nine months of 2023). Profit before tax increased by 9.9% to 5.8 billion euros. Net income increased by 8.5% to 4.4 billion euros.

Inditex has opened new stores in 45 markets in the first nine months of 2024. By the end of the period, Inditex had operated 5659 stores.