2 May 2023
The Weekly

The company has ended the first quarter with sales growth of 18% and doubling its profit. In the period, El Palacio de Hierro had a turnover of 585mn dollars, which represents a compound growth of 33% compared to 2021. This progress allowed a notable improvement in profitability, both in gross result and in net profit. Ebitda shot up 36%, up to US$71mn; net profit jumped 106%, to nearly US$19mn. Digital sales grew 35% compared to the same period of 2022.