At the Annual Shareholders’ Meeting, the Group highlighted the strengthening of its business ecosystem, investments in digital and technological capabilities, and its expansion plan across Chile, Peru, Colombia, and Mexico.
Santiago, April 22, 2025 – Falabella Group held its Annual Shareholders’ Meeting, where it shared the main results from fiscal year 2024 and presented details of its growth plan for 2025. During the meeting, Group Chairman Enrique Ostalé and CEO Alejandro González agreed that last year marked a turning point for the company, consolidating its financial recovery, strengthening its business ecosystem, and deepening its digital and operational transformation.
“We have once again demonstrated our ability to transform and evolve. 2025 marks the beginning of a new chapter for Falabella, focused on growth opportunities and on consolidating our leadership across the industries in which we serve our customers,” said Enrique Ostalé.
Alejandro González highlighted the strength of the Group’s financial results, closing 2024 with net profits of US$483 million—eight times higher than the previous year—revenues of US$12.197 billion, and EBITDA of US$1.457 billion, representing a 95.9% increase compared to 2023. “This growth reaffirms our commitment to creating value for our shareholders,” he stated.
The meeting also included the presentation of the 2024 Annual Report, which outlines the progress of the Group’s five main brands—Falabella Retail, Sodimac, Tottus, Banco Falabella, and Mallplaza—and the strengthening of its presence in key markets across the region. The Group currently serves over 36 million active customers and operates a network of more than 530 stores, 47 shopping centers, and 203 bank branches.
“We will continue working on our four key priorities: accelerating the growth of the Group’s five business units; advancing the transformation of e-commerce and ecosystem development; driving a more effective and simplified organization; and prioritizing investment decisions and capital allocation to further enhance profitability.”
Regarding the macroeconomic context and the potential implementation of tariffs by the United States, González added: “Falabella is a group with more than 135 years of history that has successfully navigated various economic cycles. The direct impact of tariffs is limited, but anticipating potential macroeconomic effects, we are building maximum flexibility into our inventory and contracts. Financially, we are well-prepared to face economic challenges, with disciplined spending and inventory management, and a solid financial position with no significant maturities in 2025 or 2026. We have teams ready to respond to challenges with agility.”
