The president of Inditex, Marta Ortega Pérez, has assessed this Tuesday that the company’s record results in 2022 and in the first quarter of 2023 are the result of the “incredible work that our teams carry out every day, each one of the people who are part of this company”.
Ortega Pérez, daughter of the founder of the textile empire, Amancio Ortega, has intervened in the General Meeting of Shareholders that the multinational has held today in Arteixo (A Coruña), which represents a turning point in the face of the lesser public presence of her father . During last year’s Meeting, the first one that she chaired after her appointment as head of Inditex, Marta Ortega already spoke, she has given interviews to international media and promoted artistic exhibitions in Coruña, thus impregnating the presidency of the group with her own personality.
“The magic of Inditex is our teamwork and our values, strongly marked by self-demand. Nobody guarantees us the future and we must always keep that in mind ”, he stated this Tuesday before the shareholders. Ortega Pérez has also called for “improving oneself” and thinking “that it is never enough, that we can always do better”.
For his part, the CEO, Óscar García Maceiras, reviewed the latest results and highlighted that Inditex has “the necessary financial health to continue promoting the bases of future growth with new investments, developing new projects and improving our commercial proposals in all markets, channels and formats”.
The company’s investments this 2023 will reach 1,600 million euros, 13% more than the 1,415 million last year, García Maceiras has announced. The company has also explained its new sustainability commitments in areas such as the reduction of emissions, raw materials or biodiversity. Among these, the objective that by 2030 around 40% of the fibers used by Inditex brands will be the result of conventional recycling processes stands out; around 25% will be new generation fibers (partly scaled in collaboration with the start-ups detected through the Inditex Sustainability Innovation Hub) and another 25% will come from organic or regenerative agriculture. The company will also extend the sale of second-hand Zara garments under the Pre-Owned format.
The Board has approved all the items on the agenda, including the re-election of Amancio Ortega as director and the reduction to ten members of the Governing body. Also an incentive plan for managers.
