Financial Information

CENOMI RETAIL MAINTAINS MOMENTUM IN TURNAROUND STRATEGY WITH SOLID PERFORMANCE FROM CHAMPION BRANDS AND INTERNATIONAL MARKETS IN Q1 2024

Stable performance of Zara & other Inditex brands with group sales showing a 2.2% increase y-o-y
Strong EBITDA margin for international operations in Fashion at 9.3 % and F&B at 5.0%
Continued focus on operational efficiencies with 300 underperforming stores closed giving respective operational savings
Commitment to divest of additional 24 brands with expected proceeds of 650MN SAR with net asset value SAR 215MN to be realized in 2024