Spain’s mango accelerates the growth with $ 3.64 BN turnover in 2024
At the rate of continuous exchange, turnover has increased by 11.6 percent, exceeded the market average. Gross operating profit (EBITDA) has grown to 5 percent yoy to € 636 million, and the network has reached $ 219 million, which reflects 27 percent growth compared to the previous year.
The growth of the turnover in 2021 was complemented by the growth of the gross margin, as well as the increased profitability, reached 60.7 percent.
Mango achieved strong growth in 2024, the turnover increased 7.6 percent to 3.339 billion ($ 3.64 billion). Investments respond to the records of stores, technology and supplies, the record reacts to the record 9 219 million (~ 238.71 million). International sales income contributed 785 percent. 72 percent of the durability attempt is developed with low-effect fiber.
Since 2019, the company has increased its reviews 40 percent above the sector average. The highest investment in the history of the company in the history of the company is 5 percent higher than the previous year, the stores are mainly allocated for the invention and rebuilding of stores, in addition to the innovation of technicians, and its campus, Amer, said in a press release.
Amer opens more than 260 new physical stores in 2024, which brings up to more than 220 markets around 120 worldwide. Meanwhile, the online channel was a third of the company’s sales, making about $ 1.1 billion turnover.
Mango is 785 percent of the total income international business. The highest turnover series are led by Spain, France, Turkey, Germany and the United States, followed by near Italy, the United Kingdom and Portugal.
All business lines performed well for the organization. People, kids and teenagers have felt strong growth, increasing their part of total turnover. Meanwhile, the female department remains the main driver of mango sales, which contributed to 795 percent of the business.
The growth obtained in 2021 was made by high -level investment. Amer has invested $ 20 million in total – part of € 600 million described in its strategic plan in 2026 in 2026. Technical innovation, enhances logistic capacity and develop new mango campus. Throughout this expansion and investment stage, the company has maintained a strong financial position.
“In 2024 we have strengthened our standard proposal. We’re in the best moment of our history and we are stronger than ever. Written,” said Tony Ruiz, Chairman and CEO (CEO) Amer.
Committed to society and environment
In the development of the product, the company advanced to the use of 100 percent lower environment-influence fiber by 2030, already reached 72 percent, the next 25 percent. Extra, it introduced the residential cotton in its collections for the first time through partnership with Matera, enlightening its notification efforts.
About a third of its clothing this year was environmental-designing. Both of the mango supply chains supported sustainable, searchable and measurable social enterprises -where it encouraged Preds -ND responsible in a wide society. It continues its social programs, focusing on the three main fields: education, social assistance and health, together with the objections of the organization connected to 4 in the 2024-2026 strategic plan.
By 2026, the company added to the notice, expecting a turnover to exceed $ 1 billion in a turnover while committing quality, internal design, innovation and sustainability.
Fabre 2 Fashion News Desk (SG)
