GENERAL SHAREHOLDERS' MEETING 2025
POSTED ON
Corporate
- The Shareholders approved all proposals submitted by the Board of Directors.
- Marta Álvarez was re-elected for a new five-year term as Chairwoman of the Board of Directors of El Corte Inglés.
- The General Meeting also approved the renewal of Cristina Álvarez as a Board member and José Ramón de Hoces as Director and Board Secretary.
- The Strategic Plan foresees investments of over 3 billion euro throughout the period.
The Shareholders' Meeting of El Corte Inglés, held today in Madrid, approved all proposals submitted by the Board of Directors.
During the meeting, Marta Álvarez was re-elected for a new five-year term as Chairwoman of the Board of Directors of El Corte Inglés. The General Meeting also approved the renewal of Cristina Álvarez as a Board member and José Ramón de Hoces as Director and Board Secretary.
The Chairwoman referred to the 2025–2030 Strategic Plan, in force since March 1st, highlighting key aspects such as store remodelling, business expansion, and growth in the group’s logistics and technological capabilities.
To achieve these objectives, the Strategic Plan foresees investments of over 3 billion euro throughout the period.
In her speech, Marta Álvarez stated that “everything we do at El Corte Inglés is aimed at understanding, anticipating, and exceeding our customers’ expectations, offering them unique experiences and real value: the service that sets us apart.”
She also acknowledged the work carried out by all the Group’s professionals across its various areas of activity and reaffirmed El Corte Inglés’ commitment to society and the environment.
RESULTS
During the meeting, Marta Álvarez noted that fiscal year 2024 was a very positive year for the Group, with substantial increases in sales and earnings. El Corte Inglés recorded total revenues of 16.675 billion euro for the fiscal year ending February 28th, 2025, representing a 2% increase over the previous year and a 4.3% increase on a like-for-like basis.
Improvements in management efficiency, customer service orientation, and continuous innovation and product quality were also reflected in the consolidated group EBITDA, which rose to 1.209 billion euro—an 11.9% increase over the previous year. Pre-tax profit amounted to 682 million euro, with net profit reaching 512 million euro (6.7% more than the previous year), while recurring net profit stood at 470 million euro.
Net financial debt was reduced by 263 million euro, representing 1.5 times EBITDA.