The English Court reached sales between March and May 2021 of 2,511 million, 50% more than in the same period last year, when Spain was newly confined and the department store remained closed, as well as the rest of the trade, except The feeding part.
The figure implies an improvement with respect to that period, although between March and May this year there have also been restrictions on trade and mobility. It is still far from the 2019 data, when the company billed more than 3,300 million euros.
The group, which has informed these results today, affects that with these figures approaching the levels achieved in 2019, although "excluding the travel division" and the impact that tourism has had on sales.
Between March and May this year there were still restrictions of capacity and schedule in many autonomous communities, which adds the lack of mobility and the collapse of tourism, which has impacted on sales. The Group insists that the Trade Division reflects figures similar to those of the Pre Covid year, with an increase in turnover in this division of 47.8%.
As regards the other business areas, insurance "maintains stable sales", with 54 million euros, while travel "is still affected by mobility restrictions, although the efforts and measures implemented have meant an improvement of the EBITDA, "point in a note.
According to the Group, which presented its strategic plan last week, the Gross Margin has increased by 69.2%, standing at 801 million euros and EBITDA reaches 81 million euros, which represents an increase of 276 million compared to the Same period of the previous year.
Online sales have grown 119% compared to the same quarter of 2019, from 5.3% to 12.84% on total sales.Date Of Update: 26 July 2021, 08:08