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Mango breaks the sales record in 2023 and presents a new strategic plan to exceed 4 billion euros by 2026. The Spanish brand closed the year with a turnover of 3.1 billion euros, 15% more compared to 2022 and inaugurates the year – which marks the 40th anniversary of the company – with the new strategic plan for 2024-2026 which plans to achieve a turnover of over 4 billion by 2026, through a differential value proposition , with a strong push to expand and improve sales in existing stores and in the online channel.
«In a highly competitive context, Mango managed to increase sales significantly, achieving the best results ever in the company’s history with a turnover that exceeded the 3 billion euro ceiling for the first time – comments Toni Ruiz, CEO of Mango -. Customers appreciate Mango’s differential value proposition. The work done in recent years is bearing fruit: we are growing above the market, we are profitable and financially healthy.”
The significant increase in turnover in 2023 was accompanied by an improvement in profitability, which led the brand to close the year with a net result of 172.1 million euros, more than doubling the 81 million euros generated in 2022 EBITDA reached 533 million euros in 2023, an increase of 22.2% compared to 2022.
The company has strengthened the differential value proposition across all its lines, offering greater customization and strengthening customer service, thus responding to their needs. Mango is accompanying this phase of strong growth with a high rate of investments. In this regard, the Barcelona company invested a total of 187 million euros in the entire financial year, marking an increase of 74% compared to the 2022 figure. Stores, logistics and technology represented the main investment items.