Inditex bounces back to beat pre-pandemic revenues

Worldwide
Published:  20 September, 2021
Credit: Inditex

The Spanish fashion group has reported second quarter revenues of €6.99 billion, an increase of 7% on its previous record, reached in the same period in 2019.

Net profit for the second quarter of 2021 reached €850 million, also outperforming the group’s results in the 2019 financial year.

Although trading hours were down 15% for the first half of the year, due to closures and restrictions related to Covid-19, the company saw continued growth in online sales, growing to 137% above pre-pandemic levels in the first half of 2019. Online sales are expected to account for more than a quarter of Inditex’ total sales in 2021.