Inditex closed the year with a robust set of results for 2022, showcasing a net profit of 4.13 billion euros, up 27 percent from 2021 and marking a new high for the group. Revenue reached 32.569 billion euros, a 17.5 percent rise compared with the previous year, and the gain held firm at an 18 percent increase when currencies are held constant. The figures reflect broad-based strength across regions, channels, and brands, reinforcing Inditex’s strategy as a globally integrated fashion powerhouse rooted in Sabón, Arteixo.
The balance sheet for 2022 highlights a company that maintained momentum across its omnichannel operations and physical stores alike, underscoring the continued relevance of a retail model that blends in-store experiences with a thriving online platform. The leadership team, headed by Marta Ortega, notes that the results demonstrate the resilience of the business model and its capacity to move to the next development stage where product breadth, customer experience, sustainability commitments, and the talent of teams remain central to growth.
The 2022 performance shows sales at 32.569 billion euros, rising 17.5 percent versus 2021 and growing 18 percent in constant exchange terms. Growth occurred across all geographic regions and across all formats, with both brick-and-mortar and digital channels contributing to the gains. Traffic and store performance rose markedly throughout the year, and the increase in online sales was accelerated, achieving a new high alongside strong store traffic, with online revenue reaching 7.806 billion euros.
This year also featured a prominent execution of the company’s business model. The gross margin reached 18.559 billion euros, up 17 percent year over year, representing 57 percent of sales. Operating expenses were tightly controlled, rising 15 percent compared with 2021, and still trailing behind the pace of sales growth. The operating result, or EBITDA, advanced 20 percent to 8.649 billion euros, while EBIT climbed 29 percent to 5.520 billion euros. Pre-tax profit rose 28 percent to 5.358 billion euros.
Net income advanced 27 percent to 4.130 billion euros. The company notes that, thanks to the solid execution of its business model, funds raised, adjusted for lease payments, grew by 18 percent, and net cash increased by 8 percent to 10.070 billion euros. Inditex emphasizes that this cash position provides a strong platform for ongoing investments and shareholder value creation.
A strategic update confirms Inditex’s continued focus on four core pillars: a distinctive fashion proposition, an optimized customer experience, sustainability, and talent, along with a clear commitment from employees. The governance statement released this morning reiterates the objective to strengthen the business model and push differentiation further in the years ahead. Throughout 2022 the group advanced several initiatives designed to elevate its market position and expand its distinctive capabilities in key areas.
The Board of Directors will propose to the General Assembly a 29 percent increase in the dividend, up to 1.20 euros per share for 2022. The payout comprises an ordinary dividend of 0.796 euros and an extraordinary dividend of 0.404 euros per share. The payments are scheduled in two installments: 0.60 euros per share for the ordinary dividend and 0.60 euros per share for the combined ordinary and extraordinary amounts, set for May 2, 2023 and November 2, 2023 respectively.
Spring and summer collections were well received by customers. From February 1 to March 13, 2023, at constant exchange rates, sales rose 13.5 percent compared with the same period in 2022. For activities in the Russian Federation and Ukraine, the 2022 February to March period shows a 17.5 percent increase on a constant exchange rate basis, reflecting the group’s ongoing operational resilience across diverse markets.