Decent turnover growth for Inditex in first quarter

Decent turnover growth for Inditex in first quarter

Spanish fashion company Inditex' turnover, which owns brands like Zara and Pull & Bear, has managed a 17 % turnover increase over the first quarter of 2015. Its net profit experienced a similar growth.

Growth in every region

Inditex' total turnover reached 4.37 billion euro in the first quarter of 2015, which is a 17 % increase compared to the year before when net turnover reached 3.75 billion euro. Inditex added it experienced similar turnover growth in all regions.

 

Thanks to this excellent performance, the fashion concern's net profit grew 28 % from 406 million euro to 521 million euro. At the end of the fiscal year, Inditex gives 10 % of its net profit growth to most of its employees.

 

The company also opened another 63 stores in 27 different markets in the first quarter, resulting in a total of 6,746 stores in 88 countries. It also expanded its online activities, with a Chinese web shop for Bershka, Zara Home and Oysho. Inditex' brands are now available online in more than 25 countries.

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