The shares of Inditex, the Spanish clothing company and owner of the renowned Zara brand, rose to an all-time high on the BME Spanish Exchange on Wednesday following the release of the brand's 2023 full-year results.
According to the report, Zara's sales grew by 10.4% to €35.9 billion for the year, "showing very satisfactory development both in stores and online. Sales were positive in all geographical areas and in all concepts." Additionally, Zara's revenue for 2023 increased by 30.3% to €5.4 billion.
Inditex's stocks were 6.13% up at 1:17 pm CET, selling for €43.63 apiece.
