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Inditex's net sales €20.9 billion, €500 million will be given to employees

Staff writer ▼ | March 9, 2016
Inditex group's net sales increased by 15.4% in FY15 (1 February 2015 - 31 January 2016) to €20.90 billion, underpinned by growth in all of the geographic regions.
Zara Hawaii
Inditex   Net sales increased by 15.4%
Inditex, a Spanish retailer, is the owner of Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, and Oysho brands.

Sales growth in local currencies reached 15%. Net profit was €2.88 billion, up 15% from FY14. Meanwhile EBITDA registered growth of 15% to €4.70 billion. Like-for-like sales growth was 8.5%, on top of 5% growth in FY14, with positive growth in all geographies and across all the formats.

In FY15, Inditex generated 15,800 new jobs, boosting its worldwide headcount from 137,054 a year earlier to 152,854. The pace of job creation in Spain – where 4,120 new jobs were created across stores, head offices and logistic platforms – was a particular highlight.

The group invested €1.52 billion in FY15, earmarking this capital expenditure to the group's growth and international expansion. This investment included the expansion and modernisation of its logistics facilities and design centres in Spain.

Under the umbrella of its ordinary remuneration policy, Inditex will distribute over €500 million to its employees this year in the form of store sales commission, bonuses and incentive payments, all of which relate to meeting specific targets.

In FY2015, Inditex opened a net 330 stores in 56 markets, ending the year with 7,013 stores in 88 countries across all continents. The Zara store opened in Honolulu, Hawaii, during the last quarter marked the group's 7,000th store.

The group increased its store presence in all its geographies. Europe was home to 148 net new stores, Asia and rest of world to a net 114 and the Americas to a net 68.