doc_ECI

El At
The
Corte the
El Corte
close Inglés of
Inglés
the group 2014
Group
has financial put
ended place
2014
year, a
with
Grupo diversification
a consolidated
El Corte Inglés strategy
turnover
had as an well average
of
as
€
a
14,592,03
specialisation
full-time
million.
workforce of 80.875 employees, distributed
policy, across all which companies has resulted within in the group. creation of a variety of commercial
formats.
The three
Each
formats
of the
which
strands
have
is
made
designed
the
to
greatest
meet the
contribution
demands
to
of
this
a
result are the department stores, hypermarkets and travel
certain We
agencies.
also market provide segment. employment indirectly to many other collaborating companies and suppliers, who help us meet our main
objective: provide the best and most personalised care and service to our customers and achieve a greater level of satisfaction.
El
The
Corte
gross
Inglés
operating
is the
profit
Group's
(Ebitda)
main line
was
of
€826.39
business
million,
and the
the
widest
operating income has risen to €295.71 million and the net
ranging El
consolidated
Corte format, Inglés,
profit
which as it
stood
is was based
at
born
€118,08
on with the department a
million.
clear vocation store for model, sales, which is the main company of a consolidated business group. Meeting the
encompasses needs
Key figures
of these all companies, types of products so that they and services, are able from to fulfil the their latest customer trends care and service objectives, involves great effort, including:
in fashion and accessories to sporting goods, cultural products,
electronics,household • Continuously expanding goods and improving food. our selection of products and services.
• Greater presence on the market and a greater proximity to our customers.
Hipercor, • Better the use hypermarket of our human chain, resources also offers and a a greater wide range level of professionalism products and job knowledge of our personnel.
based on the best quality-to-price ratio format. The other formats fall
within Our group the specialisation of companies maintains policy, and a this policy puts of them sustained at the job forefront creation, of which is materialised in:
their respective sectors, such as travel, IT, telephones, insurance,
• supermarkets, The experience opticians, and knowlegde fashion and of industry DIY. veterans combines with the progress and contributions of younger workers.
• Encouragement of internal promotion.
• Special care in the area of staff training and orientation regarding the company and their duties.
In
Figures in millions of euros.
(*): Data calculated according to the updates applied to the International Financial Reporting Standards (IFRS).
(**): Non-homogenous data due to the % stake held by El Corte Inglés in Financiera ECI rising to 100% in 2013 and to 49% in the 2014 financial year.
The
Figures
consolidated
in millions
profit
of euros.
posted by the group for the 2014 financial year (closed on 28 February 2015) amounted to 118.08 million
euros, which is a decrease of 32.3% on the previous year. This trend is mainly due to the act of making a comparison with the
previous
(*) The
year
data
(when
shown
the
from
capital
the year
gains
2013
stemming
has been
from
drawn
the sale
up in
of
accordance
51% of Financiera
with the
El
updates
Corte Inglés
conducted
were included)
within the
and
International
the effects
caused Financial by the Reporting financial Standards restructuring (IFRS), undertaken for the purpose in the of previous making financial a homogeneous year. comparison with the data from the year 2014.
However, both the operating profit (EBIT) and the gross operating profit (EBITDA) posted positive results, reflecting the upward trend
seen in business by the El Corte Inglés group. In this regard, it should be noted that the EBIT amounted to 295.7 million euros (an
increase of 58.8% on the previous year) while the EBITDA amounted to 826.39 million euros up 14.6% on the previous financial year.