El Corte Inglés posts a FY2024-25 like-for-like growth of 4.3%
What: El Corte Inglés reports robust FY2024-25 results with €1.2 billion EBITDA and significant debt reduction, showcasing successful business transformation.
Why it is important: The results validate El Corte Inglés's comprehensive transformation strategy, combining digital innovation with operational efficiency, as evidenced by the €428 million investment in store renovations and the creation of a new Transformation Office in March 2025.
El Corte Inglés has delivered impressive financial results for FY2024-25, achieving €16,675 million in Total Transaction Revenue with like-for-like growth of 4.3%. The company's EBITDA reached €1,209 million, representing an 11.9% increase from the previous year, whilst Net Income grew by 6.7% to €512 million. The retail segment demonstrated particularly strong performance, with Fashion & Beauty leading at €5,704 million in revenue, followed by robust growth in Food & Restaurants at €3,044 million and Home & Electronics at €2,697 million. The company's digital presence continues to strengthen, with 891.7 million website and app visits, serving 14.9 million registered customers. Notable improvements in financial health include a reduction in Net Financial Debt, which now stands below 1.5 times EBITDA, positioning the company well for the 2025-2026 fiscal year.
IADS Notes: El Corte Inglés's FY2024-25 performance builds on a series of strategic initiatives throughout the year. In February 2025, the company invested €428 million in upgrading 25 locations , while March 2025 saw a significant management restructuring under CEO Gastón Bottazzini, including the creation of a dedicated Transformation Office . The company's focus on operational efficiency has yielded results, with Fitch upgrading their outlook to positive in June 2025 . These developments follow the successful first half of the fiscal year, which saw an 11% profit increase.
