Revenue grows by 36% for Inditex in 2021

Spain
Published:  21 March, 2022
Credit: Zara

Spanish fashion group Inditex has reported its full 2021 financial results, with €27.72 billion in revenue, an increase of 35.8% year-on-year.

Net profit increased by 193% in 2021 to €3.24 billion. Revenue from online sales alone reached €7.5 billion in the year, accounting for 25.5% of the total sales.

Inditex reports that it ended the year with 6,477 stores globally and opened 226 in 2021 across 40 markets, while 6.2 billion people visited its online platforms. Online sales for the group are expected to reach 30% of the total in 2024.

Despite making the decision to close all stores in Ukraine and Russia due to the ongoing conflict, Inditex reports that store and online sales between February 1 and March 13, 2022, were up 33% year-on-year and up 21% from pre-pandemic 2019.