Inditex, the Spanish fashion retailer, achieved a significant increase in sales in 2022, with sales reaching €32.6 billion, an increase of 17.5 per cent compared to 2021.

Sales in constant currencies increased by 18 per cent. The company's gross profit increased by 17% to €18.6 billion, with a gross margin of 57 per cent. Inditex's EBITDA increased by 20 per cent to €8.6 billion, and EBIT increased by 29 per cent to €5.5 billion. PBT increased by 28 per cent to €5.4 billion, while net income increased by 27 per cent to €4.1 billion.

Inditex reported that its store and online sales in constant currencies between February 1 and March 13, 2023, increased by 13.5 per cent compared to the same period in 2022. Adjusting for the operations in the Russian Federation and Ukraine in 2022, store and online sales in constant currency increased by 17.5 per cent.

In 2022, store sales for Inditex grew by 23 per cent, reflecting increased footfall and store productivity. The company opened stores in 33 markets during the year, with 201 openings, 186 refurbishments, including 94 enlargements, and 349 absorptions. At the end of FY2022, Inditex operated 5,815 stores. Online sales also increased by 4 per cent to reach €7.8 billion.

Inditex ceased operations in 514 stores and online platforms in the Russian Federation on March 5, 2022, and 82 stores and online operations in Ukraine remain closed since February 24, 2022.