Inditex shares jump as Q3 sales growth accelerates

(Sharecast News) - Inditex's share price surged on Wednesday after the Spanish retail giant impressed with a solid start to the autumn-winter selling season, even though headline sales figures for the first half missed analysts' estimates. The company, which owns Zara and a host of other brands like Massimo Dutti and Bershka, reported just a 1.6% increase in overall sales to €18.36bn over the first half, missing the €18.55bn consensus forecast.

However, sales at constant currencies were up 5.1% over the six-month period, picking up from the 4.2% year-on-year growth seen in the first quarter.

First-half EBITDA was up 1.5% on last year at €5.1bn.

"We have again achieved a solid performance in this first half of 2025, with satisfactory sales in a complex market environment and maintaining strong levels of profitability," said chief executive Óscar García Maceiras.

Looking ahead, the company said the autumn-winter collections have been "very well received by our customers" with constant-currency sales between 1 August and 8 September up 9% on last year.

The stock was up 7.4% at €45.80 by 1014 in Madrid.