El Corte Inglés Group grows 22.5% in global volume of revenue

news June 2023 Press Release

What: The El Corte Inglés Group exceeds EUR 15,327 million in global volume of revenue, which is 22.5% more than the previous year.

Why it is important: In addition to its growth in revenue, the group’s Ebitda has reached EUR 951.4 million, 18.3% more than the previous year, accompanied by a growth in profitability.

The El Corte Inglés Group sees exceptional growth and high profits due its strong business evolution, optimisation of costs as well as management success.

The recurring net profit has reached EUR 207 million, the highest the group has experienced in recent years. The financial strength can also be attributed to the decrease in net financial debt, standing at EUR 2,295 million, the lowest level in the last 15 years.

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