Surprise relief in English courtHe is. President so far, She informed Marta Alvarez of her decision to leave the position. She will be replaced by her sister, Cristina Alvarez.
he The change will take place on January 15, 2026. As the company reported in a statement sent to the media.
In a letter to shareholders, Marta Álvarez emphasized that after more than six years as President, and following the recent appointment of a Senior CEO, it is now time to open a new phase in the company’s leadership.
He said: “With everyone’s efforts, we achieved wonderful results, which allowed the company to face the future with guarantees, always with the customer at the center, and relying on the daily work of all the people who are part of our company.”
Marta Alvarez will continue as a member of the Council and its Oversight CommitteeAnd in the strategic direction of private labels, fashion and home.
“Cristina has all my support from the Board of Directors and the Control Committee to continue working in this company, to which I have devoted practically my entire professional life,” Marta Alvarez adds in her letter.
Therefore, Christina will be responsible for running the department stores along with a management team It was reconstituted after the dismissal of Gaston Bottazzini from the position of CEO and the appointment of Santiago Pau as General Manager.
First semester
This change coincides with the presentation of El Corte Inglés’ semi-annual results. In the period between March 1 and August 31, the group achieved a global revenue volume of 8,212 million euros.
The trading value on a similar area increased by 1.6%, reaching 7,032 million euros.
EBITDA reached €539 million, an increase of 3.8%. Compared to the same period last year, thanks to the improvement in its margin, in line with the trend of recent years.
he Net profit grew by double digits (10.3% more) to 224 millionWhile net recurring profit increased by 13.8% to 192 million.
he Retail continues to lead the business with a global revenue volume of 5,908 million Its turnover of 5,655 million euros increased by 1.2% in comparable figures.
In line with the Group’s priority of profitable growth, good performance stands out in the fashion and beauty space, especially in its own brand. Sales from external brands, both national and international, also performed positively.
As for Viajes El Corte Inglés, global income reached €2,049 millionwith a sales volume of $1,262 million, representing a growth of 3.3% compared to the previous year.
This development was mainly due to the holiday business, where the company consolidated its position as a benchmark in this sector, achieving growth of 5.3%.
On the other hand, Seguros El Corte Inglés achieved revenue growth of 11.1%, reaching €153 million With a net profit of 43 million, an increase of 22.9% over the previous year.
Financiera El Corte Inglés records an increase in income of 5.7% to 95 million with a net profit of 30 million, representing an increase of 21.9% over the previous year.
Likewise, net financial debt stands at €1,738 million, which is 1.4 times EBITDA. In absolute terms, debt has been reduced by €195 million since August 2024.