In the period, net sales were up by 13.5% to €16.85 billion for the company, while sales were up by 13.1% for its Zara brand to €12.36 billion.

Meanwhile, sales for Pull&Bear were up by 11.4% to €1.04 billion, Massimo Dutti had an increase of 16.8% to €842 million, Bershka grew by 12.3% to €1.18 billion, Stradivarius reported an increase of 17.7% to €10.8 billion and Oysho was up by 18.3% to €346 million.

The company’s home market of Spain made up 14.4% of store and online sales in the period, while Europe (excluding Spain) totalled 47.8%. The Americas accounted for 19.4% and Asia & Rest of World totalled 18.4%.

CEO Óscar García Maceiras said: “The H1-2023 results demonstrate that the talent of our teams continues to consolidate the improvements in the performance of our business model. The ongoing commitment to creativity, quality and customer experience, as well as the determined progress in sustainability, drives a strategy that is taking our business to the next level.”