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Digital bolsters Inditex as net profits double

Inditex reported revenue of €27.72bn (£23.3bn) for the year 1 February - 31 January 2022, an increase of 35% year-on-year. In local currencies, revenue

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INDITEX - Industria de Diseño Textil SA (via Public) / Inditex exceeds €1.1 billion net profit


invoiced the Group more than
€4bn. Total invoicing by Spanish suppliers over the
past five years stands at €24.4bn.
Another highlight was the launch of volunteer initiatives with employees.
These initiatives raised €1.4 million through solidarity projects in areas close to the headquarters. This amount also strengthened the collaboration with the charity Caritas, by supporting online training activities for vulnerable groups whose employment programmes had been suspended.
Commitment to people throughout COVID-19
As soon as the effects of the pandemic began to be felt,
the Group rolled out a plethora of initiatives designed to contain the effects of the crisis. This included the activation of a global emergency relief programme within

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INDITEX - Industria de Diseño Textil SA (via Public) / Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position


€14.1 billion in the
first nine months of its fiscal 2020 (1 February to 31 October), compared to €19.8 billion the same period in fiscal year 19. The third quarter (1 August to 31 October) registered the evident sales improvement shown since March, with sales of
€6.1 billion, compared to €7 billion in 3Q19, a year-on-year decline of 14% (10% in constant currencies) after reductions of 31% in 2Q20 and 44% in 1Q20.
During the third quarter, 5% of the Group's stores remained closed and 88% continued to face significant limitations in terms of space, trading hours or capacity. Against that backdrop,
sales in local currencies between 1 and 18 October reached the record levels recorded in the same period of 2019.

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