#Retail & Brands

2024-06-13

Inditex reports strong Q1 2024 performance

Inditex's sales grew by 7.1% in Q1 2024, reaching €8.2 billion. Sales in constant currency rose by 10.6%. Gross profit increased by 7.3% to €4.9 billion, with a gross margin of 60.6%. Operating expenses increased by 6.4%, below the sales growth rate. EBITDA rose by 8% to €2.4 billion, while EBIT grew by 10.3% to €1.6 billion. Net income saw a 10.8% increase, reaching €1.3 billion.

Inditex's Board proposes a FY2023 dividend of €1.54 per share, split into two payments of €0.77 per share. The first was paid on May 2, 2024, and the second will be paid on November 4, 2024.

Inditex opened stores in 28 markets in Q1 2024, including the launch of its first stores in Uzbekistan. Additionally, 19 stores in Ukraine reopened on April 3, 2024, after a temporary closure, totaling 48 reopened stores in the market.

The Spring/Summer collections are performing well, with a 12% increase in store and online sales from May 1 to June 3, 2024, compared to the same period in 2023. Inditex expects to continue its growth trajectory, focusing on fashion innovation, enhancing customer experience, sustainability, and leveraging team talent.

Planned investments for 2024 include €1.8 billion in ordinary capital expenditure and a €900 million per year logistics expansion for 2024 and 2025. New security technology will be fully operational in Zara stores in 2024 and progressively implemented across all brands.

The Annual General Meeting is scheduled for July 9, 2024. Board proposals include the renewal and appointment of several independent and proprietary directors, with a reduction of the mandate for new board members to two years.

Inditex continues to capitalize on growth opportunities, driving innovation and maintaining a strong market position.

Inditex will fund the university education of 50 female textile industry workers in Bangladesh for five years

Inditex and the Asian University for Women have launched a new scholarship program to support the academic training of female textile factory workers in Bangladesh. Inditex will allocate €3.75 million to fund this initiative, enabling 50 women to access pre-university and university education over the next five years, providing them with new opportunities for personal and professional growth.

Recover™ secures multi-year recycled cotton agreement with H&M

Recover™ has signed a multi-year agreement with H&M to support the integration of its recycled cotton fiber, RCotton, for use in H&M’s products. Since early 2024, H&M and Recover™ have collaborated on product development, which now enables scaled commercial introduction of Recover™ mechanically recycled cotton into H&M’s collections.

GORE-TEX® KIDSWEAR launches innovative membership scheme for kids’ jackets

With its revolutionary new membership model, GORE-TEX® Kidswear now offers families a simple, flexible and sustainable way of kitting out their children in top-quality jackets. It is aimed at the parents of children aged between five and ten and kicks off with a choice of functional winter jackets.

“We clearly see that reliability, flexibility, service and total cost of ownership are becoming increasingly important again.”

The nonwovens industry continues to face a challenging market environment. Nevertheless, AUTEFA Solutions reports successful projects, new line sales and growing demand for energy-efficient and flexible solutions. In this interview, André Imhof of AUTEFA Solutions talks about competitiveness against Chinese suppliers, new service and recycling concepts, the growing importance of application development and the opportunities created by countercyclical investments.

“Needle punching technology is more universal and sustainable than ever!”

Needle punching technology was long regarded as a rather traditional and comparatively slow technology within the nonwovens industry. In this interview, Johann Philipp Dilo explains why needle punching is more relevant than ever today – ranging from energy efficiency and resource conservation to hygiene applications, new machine concepts and design-oriented nonwoven solutions.

Textile climate control system in workwear – exhibition at the 2026 SME Innovation Day!

Conventional protective workwear often reaches its limits during strenuous physical activity. In particular, the transport of sweat and excess body heat poses a problem. The German Institutes of Textile and Fiber Research (DITF) conducted research on flow-optimized, air-conducting textile structures that enable targeted climate control directly on the body. These structures can be integrated straight into protective work garments. The textile climate control system supports the body’s natural thermoregulation. This contributes to improved workplace safety and comfort.

PET spunbond from China – EDANA welcomes imposition of provisional anti-dumping measures

On 13 May 2026, after eight months of investigation, the European Commission imposed provisional anti-dumping duties of 45.6-50.0% on imports of PET spunbond from China. EDANA welcomes this expression of the Commission’s clear determination to protect EU industries from the unfair trade practices of Chinese producers.