- Zara Polska submitted financial statements for the financial year ending January 31, 2024. The company boasts a profit of PLN 98.84 million.
- The company's net revenues amounted to approximately PLN 2.4 billion compared to PLN 2 billion in the previous period.
Zara Polska boasts of a significant increase in profitability in Poland. Operating profit (EBIT) increased from PLN 39 million to PLN 147 million. The company achieved a net profit of PLN 98.84 million.
Zara Polska spent PLN 78 million on the renovation of two stores and a new office
In March 2023, the company moved its headquarters to a new, larger office in Varso Tower in Warsaw. Two key stores in Warsaw were also renovated: in Galeria Mokotów and Arkadia. The cost of renovations and the new office is PLN 78.4 million.
In the period in question, the company closed one store (Galaxy Shopping Center in Szczecin). This year, the chain wants to renovate and enlarge two more stores: CH Kaskada in Szczecin and Galeria Bałtycka in Gdańsk. The next modernization is planned for 2025 in Galeria Krakowska.
Zara is one of the largest international clothing companies. It belongs to the Inditex group, one of the largest distribution groups in the world. Inditex operates in 214 markets.
Here are the detailed results of Zara Polska:
ZARA POLSKA source: company's financial statements
