Marta Ortega debuts at the helm of Inditex, increasing its sales by 24.5%

The president of Inditex, Marta Ortega, in a recent image. Getty Images Marta Ortega, the heir to the Zara empire, the current president of Inditex continues to reap success. Neither the pandemic nor the war in Ukraine have made a dent in the Galician holding company. Inditex recorded a net profit of 1,794 million euros during the first half of its fiscal year 2022-2023 (between February 1 and July 31), which represents an increase of 41% compared to the same period of a year before , as reported by the company on Wednesday, which has highlighted that its integrated model had a “strong” operating performance and that sales, gross operating profit (Ebitda) and net profit have reached an all-time high. Specifically, sales, which were positive in all geographical areas, reached 14,845 million euros, 24.5% higher than a year earlier, while sales at constant exchange rates grew by 25%. The gross operating result (Ebitda), for its part, grew by 30%, to 4,029 million euros. The war in Ukraine and Russia Inditex has fully provisioned the estimated expenses for the 2022 financial year in the Russian Federation and Ukraine. An extraordinary charge of 216 million euros was included in the accounts for the first quarter of this year in the ‘Other results’ line. “These results are explained by four key factors in our performance. Our fashion proposal, a shopping experience constantly optimized for our clients, our focus on sustainability and the talent and commitment of our people. Our business model is working at full capacity and has great potential for future growth”, highlighted the CEO of Inditex, Oscar García Maceiras .