El Corte Inglés reports flat sales for H1 2018 as hopes focus on lucrative Christmas period for sales boost
Europe’s largest retailer expects to make most of its sales in the second half of the year
Spanish department store chain El Corte Inglés has reported sales of €7.58bn for the first half of 2018 (01 March to 31 August), a rise of 0.4%.
It is the first time the group has reported results for the first half of the financial year.
The company described the results as ‘positive’, and added that it makes most of its sales in the second half of the year.
EBITDA was €355m, a rise of 4.4%, and all areas saw improved margins, which the company put down to new management and ‘strategic actions’ it has taken.
. . .This is a small extract of the full article which is available ONLY to premium content subscribers. Subscribers sign-in (top right) to read the article.
Or
Subscribe now to premium content on Cosmetics Business
Companies
