Inditex, +40% profit for the half year. The clothing company’s commitment to sustainability – Corriere.it

Inditex, the Spanish multinational known for brands such as Zara and Stradivarius, saw double-digit growth turnover will increase to 16.9 billion. (+13.5%), with a profit of 2.5 billion (+40.1%), gross operating profit increased by 15.7%, reaching 4.7 billion euros, and sales increased by +13.5% compared to the same period last year to 16.9. billion euros. Both in store and online everything is fine.

“The results for the first half of 2023 demonstrate that the talent of our teams continues to be the basis for improving the performance of our business model,” he commented. Oscar Garcia Maceiras, CEO of Inditex —. A continued commitment to creativity, quality and customer service, as well as strong progress in sustainability, are the driving forces behind the strategy that allows us to differentiate our business.”

Among the company’s priorities are the constant improvement of the fashion offer and customer service, greater attention to employees and sustainable development, which becomes “a fundamental part of the strategy,” Inditex emphasizes. which tries to reduce the environmental impact of production. Second BofA Global Research analysis

Inditex’s new expanded capital expenditure plan, which doubles annual spend relative to its closest peers, is expected to accelerate the company’s growth rate relative to its peers and continue to drive the group’s outpacing revenue growth by volume.

Although the semester grew, the results disappointed the stock market, which saw a slowdown in sales trends and Madrid shares fell 2.7%. (but the charts show a 40% jump in the stock within a year). The final dividend for the financial year of €0.60 per share will be paid on 2 November 2023.