El Corte Inglés raises first-half net profit 11.5% to 249 million euros

First-half results

El Corte Inglés, the Spanish department store group, reported a net profit of 249 million euros for the first half of its 2026-2027 fiscal year, which covers 1 March to 31 August 2026. That figure was 11.5% higher than in the same period a year earlier. The company issued the figures in a statement on Thursday, 12 November 2026. Total revenue reached 8,404 million euros, up 2.3%, while turnover, the group's core sales measure, came to 7,230 million euros, growing 2.6% on a like-for-like basis. Ebitda, which measures earnings before amortisation, interest and taxes, rose 4.2% to 562 million euros. Recurring net profit, which strips out one-off items, climbed 9.1% to 210 million euros.

Total revenue8,404

Turnover7,230

Ebitda562

Net profit249

Recurring net profit210

Total revenue

8404 million euros

Turnover

7230 million euros

Ebitda

562 million euros

Net profit

249 million euros

Recurring net profit

210 million euros

Data from the article text

Retail remains the main engine

Retail was the largest driver of growth, with like-for-like sales up 3.3%. Fashion and Beauty, the largest division by volume, grew 4% to 2,779 million euros. Home and Electronics rose 4.8% to 1,248 million euros, the fastest advance among the divisions. Food was broadly flat at 1,402 million euros. The group also credited its online channel with contributing to growth over the half-year.

Fashion and Beauty2,779

Food1,402

Home and Electronics1,248

Fashion and Beauty

2779 million euros

Food

1402 million euros

Home and Electronics

1248 million euros

Data from the article text

Travel, insurance and finance

The company's statement describes the travel division's period as harder, pointing to geopolitical tensions in the international environment. In the words of the statement,

“has shown great resilience in an international environment marked by geopolitical tensions”

Since the second half of the half-year, Viajes El Corte Inglés sales have grown 1.9% against the same period a year earlier. Seguros El Corte Inglés, which works with Mutua Madrileña, raised revenue 4.6% to 160 million euros and earned a net profit of 41 million euros, 5.9% more excluding extraordinary items. Financiera El Corte Inglés, which it shares with Banco Santander, lifted revenue 3.5% to 98 million euros, while its net profit rose 2.4% year on year.

Investment and debt

The group raised its investment by 77 million euros, bringing the total earmarked for commercial transformation, logistics and technology to 294 million euros. The company attributed this to the balance sheet strength and cash generation achieved in the first six months. Net financial debt was stabilised at 1,624 million euros, equal to 1.3 times Ebitda. The recurring profit figure, according to the reporting, reflects only the usual commercial activity of the group, excluding extraordinary effects.