Primark billings increase 13% in the quarter due to higher sales prices

Madrid, June 26 (European Press) –

Textile chain Primark, part of the Associated British Foods group (AB Foods), reported turnover of £1,998m (€2,331m) in the third financial quarter, an improvement of 13% over the same period in the previous year. year, the multinational company reported.

“Sales grew 13% in the quarter, with like-for-like sales growth of 7%, supported by higher average sales prices,” the company explained, highlighting the good performance of its summer collections when the season begins. season in their markets.

Primark’s comparable sales growth in the first quarter was 6% in the UK and 7% in Europe excluding the UK. The company noted that in addition to seasonal apparel and accessories, sales of health and beauty products were particularly strong.

In this way, Primark’s total sales in the first nine months of its financial year were £6,226m (€7,264m), a growth of 15% or 9% in comparable data.

On the other hand, Primark indicated that it continued to implement its enhanced website, which was launched in Germany, Spain, Italy and the United States in this period and in France shortly after the end of the period, while it will continue to do so. So … in the remaining markets during the summer.

At the level of the ABF group, the income of multinational companies in the third financial quarter amounted to 4,726 million pounds (5,514 million euros), an increase of 16%, while the turnover of the group so far this year amounted to 14,286 million dollars (16,668 million euros), up 17%. .

See also  Taxes on multinational corporations must be standardized on a global scale: OECD Millennium Group

“The Group continues to perform well. Based on current business conditions, we now expect full-year adjusted operating profit to be moderately higher than last year,” the multinational said.

Leave a Reply

Your email address will not be published. Required fields are marked *