The company's total revenue for this period remained stable at €24.1 million, matching sales from the same quarter of the previous year. This result is driven by significant growth in the international billing and a 3% increase in comparable store sales in Spain, which contributed to an improvement in operating profitability and net income. In the last full year, the group achieved revenues of €136.5 million.
According to the report submitted to the National Securities Market Commission (CNMV), the gross margin of Adolfo Domínguez increased by 1.5% in the first quarter, reaching 67.6%. Adjusted EBITDA reached €2.1 million, a 2.4% year-over-year increase. Although net income remains negative at €1.8 million, it represents a 6.6% improvement compared to the first quarter of 2024, a period historically marked by low sales in the fashion industry due to seasonality.
Adolfo Domínguez ended May with a solid network of 366 points of sale distributed in 49 countries. Comparable store sales growth was notable, with 3% in Spain and an impressive 49.4% in the rest of the world (America, Asia and Africa, excluding Japan and Mexico). Following the quarter's close, the company continued its expansion with the opening of a new store in Istanbul in June.
El International momentum is evident in key markets such as the Middle East, which experienced a 41% increase in sales, followed by Colombia with 25% and France with 18%. At the same time, the brand's online channel continues to demonstrate strong momentum, with a year-over-year increase of 19.4%.
Shareholder Support and Focus on Profitability
The general meeting of shareholders of Adolfo Domínguez, held yesterday in Ourense, strongly endorsed the company's management, supporting the report presented by Executive President Adriana Domínguez. Shareholders also approved the reappointment of positions and the new remuneration policy for the 2025-28 period. The Board of Directors re-elected Adriana Domínguez (Executive President and CEO), Diana Morato, José Luis Sainz and Rafael Prieto, and welcomed Álvaro Alonso Cristobo as a new independent director.
Ruben MartinAdolfo Domínguez's corporate finance director emphasized the priority of profitability: "We work to continue counting on our clients in the different markets in which we operate with a special focus on continuing to grow profitability."
For its part, Adriana Dominguez She highlighted the progress made: “After several intense years of transformation, without external capital but with the support of our shareholders, we have grown the company and made it profitable in the last two fiscal years.” The CEO emphasized the firm's objective of being “a more profitable, more internationalized company that is less dependent on the Spanish market,” highlighting the jump from 36% of international sales in 2019 to almost 43% today.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
