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El Corte Inglés Sees Turnover Up 0.4% In First Half

Published on Nov 15 2018 11:54 AM in Retail tagged: Trending Posts / Spain / Sales / El Corte Inglés / Paywall

El Corte Inglés Sees Turnover Up 0.4% In First Half

Spanish retailer El Corte Inglés has posted a 0.4% increase in turnover in the first half of its financial year (March to August), of €7.59 billion.

The group said that EBITDA for the period was up 4.4% to €335 million, however the business was affected by adverse weather conditions in Spain during the summer period, which impacted its performance.

The EBITDA gain was driven by improvements in strategy as well as new management appointments. Across the group as a whole, gross margin increased by 20 basis points.

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