Overview
- At its July 24 shareholders’ meeting in Madrid, El Corte Inglés approved a €3 billion investment plan through 2030 to modernize stores, expand commercial activities and enhance logistics and technology capabilities.
- Marta Álvarez was reelected as president for a five-year term and key board roles held by Cristina Álvarez and José Ramón de Hoces were renewed.
- Shareholders endorsed a record €225 million dividend, representing a 40% increase over last year’s payout.
- The board introduced a long-term incentive scheme that ties management compensation to the strategic framework’s milestones through 2030.
- Fiscal 2024–25 results underpinning the new plan include a net profit of €512 million (up 6.7%), revenues of €16.675 billion, EBITDA of €1.209 billion (up 11.9%) and net debt reduced to €1.796 billion.