Inditex, the group that owns brands such as Zara, Massimo Dutti or Berskha, obtained a profit of 421 million in the first quarter of this year,

compared to the losses of the same period last year,

which were 409 million, since it coincided with the beginning of the pandemic, the confinement and the closure of the entire commercial network.

Sales at this start of the year grew by 50%, to 4,942 million euros, despite the fact that stores have lost 24% of their business hours due to restrictions derived from the pandemic.

Sales through the online channel increased 67%, even above last year's figure, in full lockdown.

At this point in the health crisis, and taking into account that commerce has been one of the most affected sectors,

turnover is 11.5% below that of the same period in 2019

.

The ebitda stood at 1,235 million, compared to 484 million in the same period of 2020.

"The differentiation and strategic transformation towards a fully integrated, digital and sustainable business model continues to yield results," said Pablo Isla, president of Inditex.

The group has advanced that sales, both in stores and through the online channel,

between May 1 and June 6

of this year grow 102% compared to the same period of 2020 and 5% compared to that of 2019, despite the fact that 10% of business hours were not available due to closures or restrictions.

Stores

As of April 30,

the textile group had a total of 6,758 stores, 8.8% less

than a year earlier, when it had 7,412 stores.

The group has been in a process of transformation of its commercial network since 2012, in such a way that they are closing the smaller stores to keep or open new larger ones in better locations.

Furthermore, most of these stores already have

an integrated stock system

that allows online orders to be sent from the establishments themselves (not from a warehouse), which has allowed the group to boost its online channel in these months of restrictions.

Inditex will hold its shareholders' meeting on July 13, in which it will

propose a dividend of 0.70 euros per share

, of which 0.35 euros have been paid on May 3 and the rest will be paid on November 2 of 2021.

According to the criteria of The Trust Project

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