El Corte Inglés reported a net profit of 512 million euros for the fiscal year ending February 2025, marking a 6.7% increase compared to the previous year. The company's revenues rose by 2% to 16.675 billion euros. The retail group achieved growth across all its main business areas and financial metrics, with notable contributions from its fashion and beauty segments, which helped drive a 2.3% increase in distribution group revenues to 14.786 billion euros. Additionally, El Corte Inglés reduced its debt by 263 million euros and lowered its financial expenses by 64% over the past decade. The company has announced plans to propose a record dividend payout of 225 million euros, a 40% increase, at its upcoming shareholders' meeting scheduled for July 24, 2025. Alongside this, a new incentive plan tied to its strategic plan through 2030 will be presented. Furthermore, El Corte Inglés is preparing a new senior bond issuance of 500 million euros with an eight-year maturity to refinance existing debt and support general corporate purposes. The company also experienced a 38% profit increase through its non-majority-owned participations. In the broader market context, Pontegadea, the holding company of Amancio Ortega, reported a 17.3% rise in profits to 9.322 billion euros in 2024, while Carrefour Spain saw a 17.5% decline in profits to 286.8 million euros for the same period.
El Corte Inglés propondrá mañana en su junta un dividendo récord de 225 millones y un nuevo plan de incentivos https://t.co/ga5LaMfxiM
Las pérdidas de Grupo Nueva Pescanova se reducen un 65% en el primer semestre, a 22 millones https://t.co/CvhJb1OJGT
Línea Directa ganó 43,8 millones hasta junio, un 72,2% más. @f_lineadirecta obtuvo en los seis primeros meses de 2025 un beneficio neto de 43,8 millones de euros, lo que representa un incremento del 72,2% respecto al mismo periodo del año anterior, que atribuyó al notable