Inditex has reached "historical figures" in this first half of the year , with an increase in turnover and profit. According to the results announced on Wednesday, sales grew 7% in the first six months of 2019 (5%, if you take into account only the stores that have been open for more than a year) and reached 12.820 million euros.
The Galician giant is already approaching the barrier of 13,000 million in turnover. These sales advanced in all the brands of the group (Zara, Zara Home, Oysho, Berskha, Stradivarius, Massimo Dutti and Uterqüe) and in all the countries where it operates.
The benefit "beats its historical ceiling", in the words of the company, and grows 10%, reaching 1,549 million euros.
Pablo Isla, president of the group that owns Zara, highlighted "the strong operational performance implied by these figures" and highlighted the importance of the investments made so far, both in stores and in logistics. These investments "are a key element in the development of the integrated online and store platform," the executive said in a press release.
The analysts (who look at the results of the Galician group with a magnifying glass) were optimistic about this first semester. Inditex expects to end the year with an advance in sales of between 4 and 6%. So far, between August 1 and September 8, they have grown by 8%.
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