LONDON — Full-year profit at Inditex SA, Europe’s largest clothing retailer, climbed 14.9 percent to 2.88 billion euros, or $3.2 billion, on the back of double-digit sales gains and growth across “all geographies and formats,” the Spanish retailer said Wednesday.
The owner of chains including Zara, Bershka, Pull & Bear and Massimo Dutti, said sales rose 15.4 percent to 20.9 billion euros, or $23.2 billion, in the fiscal year ended Jan. 31.
The sales surge was fueled by a combination of new store openings — 330 across 56 markets — and an 8.5 percent uptick in like-for-like sales.
All figures have been translated at average exchange rates for the 12 months ended Jan. 31.
Momentum has continued into the new year, with store sales up 15 percent in constant currency in the weeks from Feb. 1 to March 7.
Group chairman Pablo Isla said the earnings figures “demonstrate the group’s potential, boosted by the quality and the commitment of all of its employees.”
During the 2015 fiscal year, the group invested 1.52 billion euros, or $1.69 billion, in international expansion and the growth and modernization of its logistics facilities and design centers in Spain.