Zara owner sales jump 17.5% in FY22
The group’s EBITDA increased 20% to €8.6bn (£7.5bn), while profit before tax increased 28% to €5.4bn (£4.7bn)
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Inditex, the parent company of high street retailer Zara, has revealed that sales reached €32.6bn (£28.7bn) in FY22, an increase of 17.5% on the prior year.
According to the group, its sales grew 18% in constant currencies across all its key geographical areas both in stores and online.
While online sales for the group grew “satisfactorily” over the 2021 record figure of €7.8bn (£6.8bn), FY22 saw a 23% increase in sales within brick-and-mortar stores.
As a result, the group’s gross profit increased 17% to €18.6bn (£16.3bn), with the gross margin reaching 57%.
Meanwhile, the group’s EBITDA increased 20% to €8.6bn (£7.5bn), while profit before tax increased 28% to €5.4bn (£4.7bn).
In 2022, Inditex opened stores in 33 markets. By the end of the financial year, the group operated 5,815 stores.
Óscar García Maceiras, CEO of Inditex, said: “The excellent results of 2022 show the strength of our business model and its ability to move towards the next level of development in which our fashion proposition, the experience of our customers, our commitment to sustainability, and the talent of our teams will continue to be key.”
