Latest news with #ElCorteInglés
Fashion Network
2 days ago
- Business
- Fashion Network
El Corte Inglés profits up 6.7% more, raises revenues
El Corte Inglés closed the 2024-2025 financial year (ending February 28, 2025) with a net profit of 512 million euros, which represents a growth of 6.7% over the previous year, while the recurring net profit amounted to 470 million euros, up 30.8%, as reported Thursday by the Spanish department store group. Overall consolidated revenues amounted to 16,675 million euros, an increase of 2% over the previous year. Revenue increased by 4.3% on a like-for-like basis. The company highlighted the achievement of "significant growth" in its main areas of activity, as well as in all financial variables. "The good performance responds to improvements in management efficiency, customer service vocation, as well as the continuous innovation and quality of its products," it emphasized. The gross margin showed a growth of 4.5%, in which, according to the company, the "good performance" of its own brand, which complements the "solid" offer of national and international companies, stands out. Likewise, the consolidated group's gross operating profit (Ebitda) rose to 1209 million euros, 11.9% more than the previous year, while profit before tax was 682 million euros. Net financial debt, meanwhile, was reduced by 263 million euros, 1.5 times EBITDA, to 1796 million euros. The company emphasized that it faces the 2025-2026 financial year with "good prospects" in its different business areas. Fashion and beauty stand out in retail The group has highlighted the improvement of all variables in all areas, with "good performance" of the retail business, highlighting the fashion and beauty divisions. Thus, the group's retail business posted an overall revenue figure of 12,976 million euros, with a growth of 3.9% on a comparable surface, with a "strong" positioning of the fashion and beauty area, which recorded an increase in sales of 4.9% to 5,704 million euros. The food and hospitality areas also achieved "significant" growth, according to the company, with sales increasing by 4.8% to 3,044 million euros. Meanwhile, the home and electronics areas improved their sales by 3.4% to 2,697 million euros. As for the online channel, the group recorded more than 891.7 million visits to the group's websites and apps (compared with 858.2 million in 2023). The company has 14.9 million customers registered at The company stressed that this positive evolution has boosted retail Ebitda to 922 million euros. As for Viajes El Corte Inglés, its global volume of revenues reached 3,449 million euros, with a 4.3% growth, and its Ebitda reached 101 million euros, an 8.8% increase. Likewise, Financiera El Corte Inglés increased its net profit this year by 22.8% to 50 million euros, while Seguros El Corte Inglés obtained a net profit of 71 million euros, after growing by 8.6% compared to the previous year. Finally, the space marketing category, which includes rentals or commercial relationships in which the group incorporates third parties that complement the offer of customers (such as, for example, opticians, car washes and workshops, hairdressers or dental clinics), achieved a turnover of 83 million euros in the year.
Fashion Network
2 days ago
- Business
- Fashion Network
El Corte Inglés profits up 6.7% more, raises revenues
El Corte Inglés closed the 2024-2025 financial year (ending February 28, 2025) with a net profit of 512 million euros, which represents a growth of 6.7% over the previous year, while the recurring net profit amounted to 470 million euros, up 30.8%, as reported Thursday by the Spanish department store group. Overall consolidated revenues amounted to 16,675 million euros, an increase of 2% over the previous year. Revenue increased by 4.3% on a like-for-like basis. The company highlighted the achievement of "significant growth" in its main areas of activity, as well as in all financial variables. "The good performance responds to improvements in management efficiency, customer service vocation, as well as the continuous innovation and quality of its products," it emphasized. The gross margin showed a growth of 4.5%, in which, according to the company, the "good performance" of its own brand, which complements the "solid" offer of national and international companies, stands out. Likewise, the consolidated group's gross operating profit (Ebitda) rose to 1209 million euros, 11.9% more than the previous year, while profit before tax was 682 million euros. Net financial debt, meanwhile, was reduced by 263 million euros, 1.5 times EBITDA, to 1796 million euros. The company emphasized that it faces the 2025-2026 financial year with "good prospects" in its different business areas. Fashion and beauty stand out in retail The group has highlighted the improvement of all variables in all areas, with "good performance" of the retail business, highlighting the fashion and beauty divisions. Thus, the group's retail business posted an overall revenue figure of 12,976 million euros, with a growth of 3.9% on a comparable surface, with a "strong" positioning of the fashion and beauty area, which recorded an increase in sales of 4.9% to 5,704 million euros. The food and hospitality areas also achieved "significant" growth, according to the company, with sales increasing by 4.8% to 3,044 million euros. Meanwhile, the home and electronics areas improved their sales by 3.4% to 2,697 million euros. As for the online channel, the group recorded more than 891.7 million visits to the group's websites and apps (compared with 858.2 million in 2023). The company has 14.9 million customers registered at The company stressed that this positive evolution has boosted retail Ebitda to 922 million euros. As for Viajes El Corte Inglés, its global volume of revenues reached 3,449 million euros, with a 4.3% growth, and its Ebitda reached 101 million euros, an 8.8% increase. Likewise, Financiera El Corte Inglés increased its net profit this year by 22.8% to 50 million euros, while Seguros El Corte Inglés obtained a net profit of 71 million euros, after growing by 8.6% compared to the previous year. Finally, the space marketing category, which includes rentals or commercial relationships in which the group incorporates third parties that complement the offer of customers (such as, for example, opticians, car washes and workshops, hairdressers or dental clinics), achieved a turnover of 83 million euros in the year.
Fashion Network
3 days ago
- Business
- Fashion Network
El Corte Inglés profits up 6.7% more, raises revenues
El Corte Inglés closed the 2024-2025 financial year (ending February 28, 2025) with a net profit of 512 million euros, which represents a growth of 6.7% over the previous year, while the recurring net profit amounted to 470 million euros, up 30.8%, as reported Thursday by the Spanish department store group. Overall consolidated revenues amounted to 16,675 million euros, an increase of 2% over the previous year. Revenue increased by 4.3% on a like-for-like basis. The company highlighted the achievement of "significant growth" in its main areas of activity, as well as in all financial variables. "The good performance responds to improvements in management efficiency, customer service vocation, as well as the continuous innovation and quality of its products," it emphasized. The gross margin showed a growth of 4.5%, in which, according to the company, the "good performance" of its own brand, which complements the "solid" offer of national and international companies, stands out. Likewise, the consolidated group's gross operating profit (Ebitda) rose to 1209 million euros, 11.9% more than the previous year, while profit before tax was 682 million euros. Net financial debt, meanwhile, was reduced by 263 million euros, 1.5 times EBITDA, to 1796 million euros. The company emphasized that it faces the 2025-2026 financial year with "good prospects" in its different business areas. Fashion and beauty stand out in retail The group has highlighted the improvement of all variables in all areas, with "good performance" of the retail business, highlighting the fashion and beauty divisions. Thus, the group's retail business posted an overall revenue figure of 12,976 million euros, with a growth of 3.9% on a comparable surface, with a "strong" positioning of the fashion and beauty area, which recorded an increase in sales of 4.9% to 5,704 million euros. The food and hospitality areas also achieved "significant" growth, according to the company, with sales increasing by 4.8% to 3,044 million euros. Meanwhile, the home and electronics areas improved their sales by 3.4% to 2,697 million euros. As for the online channel, the group recorded more than 891.7 million visits to the group's websites and apps (compared with 858.2 million in 2023). The company has 14.9 million customers registered at The company stressed that this positive evolution has boosted retail Ebitda to 922 million euros. As for Viajes El Corte Inglés, its global volume of revenues reached 3,449 million euros, with a 4.3% growth, and its Ebitda reached 101 million euros, an 8.8% increase. Likewise, Financiera El Corte Inglés increased its net profit this year by 22.8% to 50 million euros, while Seguros El Corte Inglés obtained a net profit of 71 million euros, after growing by 8.6% compared to the previous year. Finally, the space marketing category, which includes rentals or commercial relationships in which the group incorporates third parties that complement the offer of customers (such as, for example, opticians, car washes and workshops, hairdressers or dental clinics), achieved a turnover of 83 million euros in the year.
Fashion United
3 days ago
- Business
- Fashion United
El Corte Inglés ends 2024 with its highest revenue in 14 years
Madrid – Spanish department store group El Corte Inglés (ECI) presented its financial results for the 2024/2025 financial year. This period, which ended on February 28, saw the company, chaired by Marta Álvarez, achieve its highest revenue in 14 years. According to information provided by the management of the Spanish group, ECI ended its last financial year with total revenue of 16.68 billion euros. This figure is two percent higher than the 16.33 billion euros recorded during its previous financial year of 2023; this percentage rises to 4.3 percent on a like-for-like (LFL) basis. Put into greater context, this represents ECI's best turnover since 2010, when it generated total revenue of 16.41 billion euros. In terms of profitability, the company experienced growth of 4.5 percent in its gross margin, a development that they highlighted was driven by 'the strong performance of the own brand' which complements the commercial offering of its stores and points of sale. This performance allowed the company to record EBITDA of 1.21 billion euros (up 11.9 percent year-over-year (YoY)), which translated into a net profit of 512 million euros (up 6.7 percent). Excluding extraordinary expenses and income, this resulted in a recurring net profit of 470 million euros. This improvement in profitability was accompanied by a reduction in the company's debt of 263 million euros. 'In the 2024/25 financial year,' ECI stated in a press release, 'El Corte Inglés achieved significant growth in its main business areas, as well as in all financial metrics.' This 'strong performance', they emphasised, 'reflects improvements in management efficiency, a commitment to customer service, and continuous innovation and quality in its products'. Fashion and beauty as main revenue streams Breaking down this performance by business area, retail sales, which accounts for the bulk of the company's activity and that of its shopping centres, remained ECI's main source of revenue, with a global figure of 12.98 billion euros (up one percent, up 3.9 percent LFL). The solid performance of fashion and beauty sales stood out, reaching 5.70 billion euros (up 4.9 percent); food and hospitality reached 3.04 billion euros (up 4.8 percent); and home and electronics reached 2.70 billion euros (up 3.4 percent). This growth was reinforced by the online channel, through which the company achieved a turnover of over 891.7 million euros (up 3.9 percent), resulting in a retail EBITDA of 922 million euros. As for the rest of ECI's main business areas, its travel division, Viajes El Corte Inglés, recorded revenue of 3.45 billion euros (up 4.3 percent), achieving an EBITDA of 101 million euros; Financiera El Corte Inglés recorded a net profit of 50 million euros (up 22.8 percent); and Seguros El Corte Inglés a net profit of 71 million euros, after growing by 8.6 percent. Completing these items was revenue of 83 million euros collected from the rental and commercialisation of various spaces in the group's centres to other operators, such as opticians and hairdressers, to complement the customer offering. Outlook for 2025 Looking ahead to the new financial year, ECI simply stated that 'the company faces the 2025/2026 financial year with positive prospects in its various business areas'. These forecasts are already influenced by the new five-year strategic plan, for 2025 to 2030, which is still pending presentation, and which the new management team, led by Gastón Bottazzini, has been working on for almost a year. Bottazzini's position was strengthened last April when it was decided to abolish the Executive Committee, through which Álvarez had been closely supervising his decisions. In summary El Corte Inglés presented its 2024/2025 results with the best revenue in 14 years, reaching 16.68 billion euros, up two percent YoY. The company experienced growth of 4.5 percent in its gross margin, driven by its own brand, and an increase in net profit of 6.7 percent, to 512 million euros. Fashion and beauty sales were the main revenue streams, and the company has a positive outlook for the 2025/2026 financial year, during which it is expected to begin implementing a new strategic plan. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
The Irish Sun
03-06-2025
- Entertainment
- The Irish Sun
Tom Brady's flame Irina Shayk called ‘most beautiful woman alive' in stunning swimwear shoot as she turns heads
IRINA SHAYK has turned heads in her latest shoot in figure-hugging swimwear while on the beach. The Russian supermodel has been linked with NFL legend Tom Brady on and off over the past 12 months. Advertisement 3 Irina Shayk looks jaw-dropping in a figure-hugging one-piece on a boat Credit: El Corte Inglés 3 Irina has been linked with NFL legend Tom Brady over the past few years Credit: El Corte Inglés 3 Irina is one of the most well-known faces in the world through her modeling Credit: El Corte Inglés She was spotted out on a date with the former New England Patriots icon last year. The pair were then said to have gone their separate ways. However, the brunette and Brady were said to have rekindled their romance, with the spark clearly still there. And Irina has shown exactly why she is one of the biggest models in the world in her latest shots to promote El Corte Ingles. Advertisement The 39-year-old looked jaw-dropping in a black two-piece while sitting on the cliffs. She had the Mediterranean Sea in the background as she posed on the Spanish island of Majorca. Another shot showed her in a figure-hugging one-piece while standing on a boat. Fans went crazy for the shoot, flocking to social media to declare their love for her. Advertisement Most read in American Football Exclusive "Beautiful queen," said one follower. Another said: "So stunningly beautiful, Irina showing the best legs in the modelling world." Irina Shayk poses in crystal bra and shows off bold new hair for Swarovski ad as fans say her beauty is 'unreal' A third commented: "Most beautiful woman alive." A fourth replied: "You are a Goddess." Advertisement And a fifth added: "Heavenly!" Irina's romance with Brady comes years after she dated Hollywood star Bradley Cooper. What rules Brady must stick too Here is a list of the rules Tom Brady must comply to... Not permitted to be in another team's facility Not permitted to witness practice Not permitted to attend broadcast production meetings, either in person or virtually Prohibited from publicly criticizing game officials and other teams Subject to the league's gambling policy Subject to the league's anti-tampering policies, limiting him to "strictly social communication with members of other clubs" She shares a seven-year-old daughter Lea with the 50-year-old actor. The model is best-known for being one of the faces of Victoria's Secret. Advertisement And she has posted in the past for Rihanna's lingerie line, Savage X Fenty. Irina has also starred on the catwalk for Fendi, Chanel, Tory Burch and Vivienne Westwood. She has also graced the covers for Vogue, Bazaar, and Allure. Read more on the Irish Sun It is understood she has a net worth of more than $25 million. Advertisement The Russian is often seen out-and-about in New York, where she lives.
