The president of El Corte Inglés, Cristina Álvarez, has reiterated before the general shareholders' meeting the group's support for Viajes El Corte Inglés, emphasizing that the company will continue to bet "strongly" on this subsidiary within its growth roadmap.
In her speech addressed to the partners, Álvarez highlighted that Viajes El Corte Inglés constitutes a service that carries "the seal" of the group, which inspires confidence and "reinforces the bond" with customers. "It is our obligation to continue betting strongly on this business," she insisted.
The president also announced that the company will present a review of its Strategic Plan in September, which will include a "more ambitious" investment program aimed at boosting the expansion of the different business areas.
As she detailed, this new planning foresees allocating resources to optimize logistics, deepen digitalization, and integrate technologies such as artificial intelligence, while maintaining the physical store as a key pillar and differential factor in the shopping experience.
Growing Results
Viajes El Corte Inglés closed the last fiscal year with a total revenue volume of 3.489 billion euros and a turnover of 2.117 billion, which represents an increase of 3.1% compared to the previous year. Ebitda reached 107 million euros, with an improvement of 6.3% compared to the previous year.
The company explained that this positive evolution is due to the dynamism of the vacation business and the gradual recovery of the corporate segment and business travel.
Additionally, it highlighted the solid performance of the tour operation activity, supported by its own brands Tourmundial and Club de Vacaciones, whose good performance contributed to bolstering the results and raising the group's profitability margins.