On the evening of September 15, Zara parent company Inditex Group released its financial report for the first half of the fiscal year, revealing that sales from February 1 to July 31, 2021 increased by 49% year-on-year to 11.936 billion euros. Gross profit margin reached 57.9%, and net profit was recorded at 1.273 billion euros.
It is understood that during the reporting period, the group’s e-commerce revenue increased by 36% year-on-year, and increased by 137% compared with the same period in 2019. %, the group expects the proportion of e-commerce revenue to increase to 25% this year.
By brand, sales of Zara and Zara Home surged 53.4% year-on-year to 8.488 billion euros; Pull&Bear revenue increased 35.9% to 786 million euros; Massimo Dutti sales increased 23.8% to 607 million euros; Bershka revenue increased by 32.8% to 919 million euros; Stradivarius also recorded sales of 782 million euros, and Oysho and Uterque revenue increased by 46.6% and 54.8% to 305 million euros and 48 million euros respectively.
During the first quarter from February 1 to April 30, Inditex Group’s sales increased by 50% to 4.942 billion euros, and its gross profit margin rebounded to 59.9%. Net profit was recorded at 421 million euros, compared with a net loss of 409 million euros in the same period last year due to the new crown epidemic. </p
