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El Corte Inglés Posts €512M Profit and Reduces Debt in Fiscal 2024

Improved management efficiency drove revenue growth in retail, travel, insurance plus digital channels

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El Corte Inglés gana 512 millones en 2024, un 6,7% más, y eleva un 2% sus ingresos, hasta 16.675 millones

Overview

  • Net profit rose 6.7% year-on-year to €512 million for the fiscal year ended February 28, 2025.
  • Consolidated revenue increased 2% to €16.675 billion while EBITDA climbed 11.9% to €1.209 billion.
  • Net financial debt was trimmed by €263 million to €1.796 billion, equivalent to 1.5 times EBITDA.
  • Retail sales grew 3.9% on a comparable basis as travel revenue climbed 4.3% to €3.449 billion.
  • Seguros El Corte Inglés boosted net profit by 8.6% to €71 million and online traffic surpassed 891.7 million visits.