Inditex should achieve like-for-like sales growth of 4 percent this year as the company balances slower growth in Spain, where consumer spending is hamstrung by a turndown in the housing market, with other faster growing markets, he said.
Zara continued to be Inditex's cash cow, with net sales accelerating 13 percent to 6.26 billion euros, or $8.64 billion.
Sales at the teen-oriented Bershka chain grew 16 percent to 925 million euros, or $1.28 billion, while sales at the more mature Massimo Dutti brand advanced 13 percent to 696 million euros, or $960.5 million.
Pull & Bear sales grew 18 percent to 614 million euros, or $847.3 million; sales at the Stradivarius chain climbed 22 percent to 521 million euros, or $718.9 million, and revenues at the Oysho lingerie chain leapt 30 percent to 213 million euros, or $293.9 million. Zara Home's sales jumped 45 percent to 201 million euros, or $277.4 million.