Inditex maintains his forecasts for 2025

During his recent general assembly of shareholders, Inditex reaffirmed his forecasts of results despite the American customs from customs: “We will continue our selective growth, project project,” said Director General, óscar García Maceiras.

The General Assembly of shareholders of Inditex has just taken place in Sabón, Spain. 4,558 people present or delegates participated, or 89.42% of the company’s share capital.

The president of Inditex, Marta Ortega, recalled that the annual assembly is an “always very special moment”. This year, it is responsible for an additional dimension, since its main Zara channel celebrates its 50th anniversary and continues its growth, fueled by “tireless work, shared challenges, overcome crises” and “above all, people to count on”.

According to Marta Ortega, the last years have been marked by the desire to place the customer “always at the center, listening to it and surprising it by design, quality and proximity [des produits]”, as part of an” understanding “strategy that remains unchanged.

According to the non -executive president of the group, growth should continue, “not only in size, but also in responsibility, in relevance, in values” in these “complex times when the challenges to be met”, specifies the company “open to the world”, physically present in 97 countries and digitally in 214 markets sweeping more than 170 nationalities.

“We know where we go, but not how far we will go,” she said. According to her, the human is the greatest force of the multinational, with people extremely involved in their work.

Marta Ortega thanked the vice-president of Inditex since 2012, José Arnau, for his work over the years. He is also one of the leaders of Pontegadea, the investment company of the founder of the Amancio Ortega group, and will retire in October. To replace him, the director general of Pontegadea, Roberto Cibeira, will join the board of directors as a administrator.

How to deal with customs surcharge?

Óscar García Maceiras answered shareholders’ questions on the consequences of pricing policy in the United States. Since the “corporate model [d’Inditex] Promotes diversification “, the company is prepared” for any scenario generating additional uncertainty “because it achieves its production in more than 50 countries, he recalled.

“We maintain our strategy in the United States,” he insisted. It is based on a plan of “selective growth, project project” which has been developed since the arrival of the company in the country in 1989, in the meantime become the third market in Inditex.

He illustrated his remarks by citing the recent store inaugurations in Los Angeles, a second shop in Boston and the moving of the Manhattan space (New York).

A new store will soon open in Las Vegas, the first Zara Man in the United States will be established in Los Angeles, the company will soon be present in 26 states by entering North Carolina and prepares a flagship in San Francisco.

The validated profit -sharing plan

All the items on the agenda were approved at the meeting, including the long -term profit -sharing plan for the members of the management team, including executive directors and other employees, up to a maximum of 750 beneficiaries. The plan has 4.5 million euros, or 0.14% of the share capital, with a maximum of 105,556 shares for óscar García Maceiras.

The plan, in accordance with the administrators’ remuneration policy between 2024 and 2026, consists of a combination of a multi -year cash bonus and a promise of free shares, subject to the achievement of objectives in cycles from February 1, 2025 to January 31, 2028 and from February 1, 2026 to January 31, 2029.

A dividend of 1.68 euros and a future presence in Iraq

The CEO reviewed the work done during the past exercise. He believes that the company’s teams “have been able to take advantage of all the opportunities that have arisen”, which is reflected today in a solid financial situation, which will involve internal investments and the payment of a gross dividend of 1.68 euros per share (0.84 euros were paid in May, the rest will be distributed in November).

“We have profitable, efficient and responsible growth,” he insisted after a year marked by 257 openings on 47 markets.

He plans to 2025 in an “environment full of complexities and uncertainties” and forecasts 1.8 billion euros in investments, including participation in the Spanish start-up Theker, which works on the automation of processes with robots assisted by artificial intelligence in order to improve productivity and quality of work.

The various brands of the company should also open stores in Iraq next October, which will become the 98th market on which Inditex is present. New openings will take place in other countries where the company is already established.

In response to shareholders’ questions, óscar García Maceiras spoke of working conditions, which he linked to “sectoral collective conventions” in order to obtain “fair and decent wages”. He notably cited the cases of Cambodia and Bangladesh, in which he stressed the importance of collective negotiations to achieve agreements.

Regarding the environmental impact of the group’s activity, he said that the objective for 2030 is to “reduce total emissions from the entire supply chain by more than 53%”.

INDITEX, the largest Spanish company listed on the stock market, earned 5.866 billion euros in its financial year 2024 (fenced on January 31, 2025), up 9% compared to the previous year, for its third consecutive year of record results.

In the first quarter of 2025, net profit increased by 0.8% to 1.305 billion euros, while gross profit increased by 1% to 2.393 billion euros.

Fashionnetwork.com with efe