El Corte Inglés: Record Turnover Demonstrates Resilience of Spanish Retail Sector
Madrid, vrijdag, 20 juni 2025.
The Spanish department store chain El Corte Inglés has delivered a remarkable performance with a turnover of nearly 17 billion euros and a net profit increase of 6.7%. The most notable breakthrough is in the fashion and beauty sector, showing growth of 4.9% to 5.7 billion euros. The online channel also performed strongly with over 891 million euros in revenue. The travel division Viajes El Corte Inglés recorded 3.45 billion euros in turnover, representing a growth of 4.3%. These results underscore the company’s strategic agility in a challenging economic context and demonstrate that targeted investments in own brands and digital transformation can lead to substantial growth.
Financial Performance
El Corte Inglés has achieved a total turnover of 16.675 billion euros in the 2024-25 financial year, representing a 2% increase compared to the previous year [1]. The company managed to generate a net profit of 512 million euros, a growth of 6.7% [1][2]. EBITDA rose by 11.9% to 1,209 million euros, indicating strong operational efficiency [1][2].
Sectoral Growth
The fashion and beauty sector formed a key success story, with a turnover growth of 4.9% to 5.7 billion euros [1][2]. The online sales channel generated 891.7 million euros in revenue, an increase of 3.9% compared to the previous year [1][2]. The travel division Viajes El Corte Inglés recorded a turnover of 3.45 billion euros, representing a growth of 4.3% [1][2].
Strategic Developments
The company has achieved its strong position by focusing on efficient operations, customer-centricity, and continuous innovation [1]. The own brand collection played a crucial role in improving the gross margin, which grew by 4.5% [2]. The retail division showed a comparable turnover growth of 3.9% [1].