The department store chain El Corte Inglés closed the 2024-2025 fiscal year (from March 1, 2024, to February 28) with an increase in sales and profit, the company reported in a statement on Thursday. Thus, the group increased its net profit by 6.7% to €512 million, while turnover grew by 2% to €16.675 billion.

The covid-19 pandemic has caused historic losses for department store chain El Corte Inglés. The company closed its last fiscal year, which runs from March 2020 to February 2021, with a net loss of €2.9bn. In the previous year, ending in February 2020, just when the pandemic broke out in Spain, it made a profit of €310m.