Viajes El Corte Inglés reported a 1.9% sales growth in the second quarter of its fiscal year, despite geopolitical tensions impacting the first quarter. This growth is particularly notable given the challenging international environment, which affected the travel industry significantly during the initial months of the fiscal year.
The company’s fiscal 2026-2027 first half, which aligns with the summer peak season, saw sales rise compared to the same period last year. This growth is attributed to the company’s ‘premium’ strategy, which has increased margins by focusing on higher-value travel packages and services, thereby enhancing profitability despite external pressures.
For the entire semester, Viajes El Corte Inglés recorded a turnover of €1.263 billion, nearly matching the previous year’s €1.262 billion. The total transaction value (TTV) also increased by 1.3%, from €2.049 billion to €2.076 billion. This stability in turnover and growth in TTV reflect the company’s ability to maintain its market position and customer loyalty even in a turbulent market.
In the first six months of its fiscal year, El Corte Inglés Group reported global revenues of €8.404 billion, a 2.3% increase year-over-year. The company’s business volume reached €7.230 billion, with a 2.6% growth in comparable sales, indicating strong operational performance. EBITDA rose by 4.2% to €562 million, showcasing improved operational efficiency and cost management.
The group’s net profit reached €249 million, an 11.5% increase, with recurring profit at €210 million, up 9.1%. The retail business, the company’s main driver, grew by 3.3% in comparable terms, showing its continued importance to the group’s overall success. This growth was supported by strategic investments in technology and customer experience, which enhanced the company’s competitive edge.