#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.

Trützschler and Wisdom-Greentech held a signing ceremony for the ultra-high-speed 4.2m Air-Through Bonding (ATB) line

On May 20, 2026, Trützschler and Wisdom-Greentech, a Chinese customer specializing in high-end maternal, infant & child care industry and related disposable nonwoven products, held a signing ceremony for the purchase of a ultra-high-speed 4.2m ATB line in Geneva, Switzerland. This cooperation not only represents a deepened partnership between the two parties in the ATB sector, but also marks a new milestone in production efficiency for the high-end maternal, infant and child care product industry chain. This jointly developed 4.2m ATB line is more than just an investment. It stands as a milestone achievement of Sino-German technological cooperation, empowering the high-end hygiene industry including feminine care, adult care and related disposable nonwoven products, and realizing a dual breakthrough in production capacity and product quality.

Wangjin holdings signs 10th production line agreement with Trützschler – Driving innovation in the eco-friendly nonwovens industry

Wangjin Holdings and Trützschler held a grand signing ceremony for the Pulp X Spunlace Nonwoven Production Line, alongside the successful commissioning ceremony of Line 3 of Zhejiang Jinnuo Medical New Material Technology Co., Ltd., a subsidiary of Wangjin Holdings, in Geneva, Switzerland on May 20, 2026. The newly signed Pulp X production line marks the 10th production line that Wangjin Holdings has introduced from Trützschler. It is not only the strategic implementation outcome of Wangjin Holdings' decade-long deep cultivation and continuous layout in the nonwovens sector, but also demonstrates its unwavering commitment to leading the innovative development of the global eco-friendly nonwovens industry, injecting powerful new momentum into the industry's green transformation.

Trützschler establishes in-depth strategic cooperation with Fujian Leo Group

The strategic cooperation signing ceremony between Trützschler and Fujian Leo Group, a Chinese customer specializing in the R&D, production and sales of personal hygiene products for ten 4.2m Air-Through-Bonding (ATB) lines was grandly held in Geneva, Switzerland. The signing marks a new milestone in the partnership. Leveraging Trützschler’s advanced nonwoven technology, Fujian Leo Group will complete a large-scale production line upgrade, further consolidate its production capacity advantages and strengthen its core competitiveness in the industry.

INDEX 2026: Reicofil introduces RF 5.10 upgrade boosting output by 10 percent

At INDEX 2026, Reifenhäuser Reicofil will present its latest developments for the nonwovens industry under the guiding themes “Grow Together”, “Expand Together” and “Transform Together”. On this occasion, the leading manufacturer of nonwoven machinery will be unveiling two brand-new technology advancements – RF 5.10 upgrade and RF Core – at the show.