CENOMI RETAIL CONTINUES TO DELIVER PROFITABLITY IN THE 3RD QUARTER, WITH A FOCUS ON REVENUE GROWTH AND COST OPTIMIZATION
Kingdom of Saudi Arabia retail revenues increased by 3.6% YoY in Q3-24, supported by improving performance by Zara and Inditex brands
International portfolio continues to deliver robust results, with an increase of 30.9% YoY in Q3-24, driven by Azerbaijan and Georgia
Brand rationalization program on track, with capital gains of SAR 212 million in 9M-24, and a total of 24 brands sold, equating to 31.6% of total store network
Continued deleveraging of the balance sheet, with net debt reduction of 23.7% YTD
Net Profit of SAR 19 million in Q3-24, versus net loss of SAR 203 million
World record achieved by opening 12 subway stores on the same day in the kingdom of Saudi Arabia
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