The company reportedly recovered beyond pre-pandemic levels, with turnover up by 7.9% year-on-year. Inditex achieved sales of €32.6 billion, an increase of 17.5% over 2021.

Despite this recovery, Tempe reported an operating result down on 2021 by 18.3% to €125 million, while the net result for the company fell by 11.8% to €105 million.

Tempe operates as seven divisions: parent company Tempe SA, Tempe Logística, Tempe Diseño, Tempe Trading Asia Limited, TMP Trading, Tempe México and Tempe Giyim.

The company produces and designs footwear, employing 2,000 people with more than 320 suppliers globally and is based around the Elche footwear manufacturing cluster in Spain.

Source: Modaes