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"Sustainable and long-lasting" growth for Inditex nationally and abroad

By Angela Gonzalez-Rodriguez

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After closing fiscal year 2014 with revenues of 2,501 million euros and sales of 18.177 million and entering the exclusive club of only eighty companies in the world that are worth over 1,000 million, Inditex expects 2015 to be a year of " solid, integrated and sustainable "growth.

Pablo Isla, the president of the Galician group, explained to the shareholders of the company that the balance of 2014 reflects the "solid, sustainable, and integrated growth" of the company, a development that will result in increased investment and job creation.

Regarding the coming months, Isla expects the group to keep steadily walking on the path of growth, thanks to its continued expansion in a "very long" and "with many opportunities" period, given the complementarity of their physical stores and online, social and environmental sustainability, and its capacity to generate employment.

As highlighted by Isla to the shareholders, Inditex’s commitment "to the creation of employment, training and promotion," is paramount to the company.

In fact, the company ended 2014 with 8,700 new jobs, 1,800 in Spain, and it is currently present in 88 global markets, where Europe and America have "significant growth opportunities". In 2015, Inditex will invest 1,350 million euros in the opening of between 420 and 480 stores.

Such is the commitment of Inditex with its people, that at the shareholders' meeting held last July at the company headquarters in the town of Arteixo, a special plan for employee participation in the growth of company profits for 2015-2016 was approved. The plan is aimed at all workers in stores, manufacturing, logistics, chains and subsidiaries around the world with more than two years of employment with Inditex.

Pablo Isla has stressed the "very unique and pioneering" nature of this system of distribution of profits among employees because "the most important asset of the company is constituted by all the people working in it."

Inditex staff comprises some 70,000 people in 54 countries and, among them, Inditex will distribute the 10 percent of the increase in net profit attributable to parent company over the previous year to a maximum of 2 percent of the total profit.

Inditex is what "we do it all, every day and in every country," emphasised Isla.

Inditex