Fashion brand Mango's 2013 turnover rises 9%

02 Apr '14

3 min read

MANGO closed the 2013 financial year with a turnover for the MANGO MNG Holding Consolidated Group of 1.846 billion euros, which represents an increase of 9% over 2012, and a profit of 120.5 million euros, 9% more than the previous year, generating an EBITDA of 229.9 million euros. Given the international presence of the brand, 83% of its turnover corresponds to foreign markets, while the remaining 17% corresponds to the Spanish market.

During 2013, the company created 1,200 jobs worldwide, 33% of which were in the Spanish market. MANGO currently has 13,000 employees worldwide and plans to enlarge its workforce by over 2,000 employees by the end of the year.

With over 2,700 stores in 105 countries, the brand created an additional 50,000 m2 of selling space during 2013, closing the year with 600,000 m2 worldwide, a figure it plans to increase by 123,000 m2 to reach a total of 723,000 m2 during 2014.

MANGO is continuing with its expansion plans in Europe, which remains the group’s main market, with its “megastore” concept. Introduced in 2013, the so-called “megastores” are stores with a selling space of between 800 and 3,000 m2, which stock all or most of the group lines (MANGO, H.E. by MANGO, MANGO Touch, Violeta by MANGO, MANGO Kids and MANGO Sport&Intimates).

During 2013, MANGO consolidated its different lines: H.E. by MANGO reaffirmed its presence in markets such as Spain, France, Germany, Netherlands and Russia with a forecast turnover of 130 million euros; MANGO Kids, now in its second season, plans to close 2014 with over 250 retail outlets located in 50 countries; MANGO Sport&Intimates, which closed 2013 with 95 retail outlets, plans to close the year with 125 retail outlets worldwide.

The new Violeta by MANGO line, launched in January with an investment of 20 million euros, has a forecast turnover of 50 million euros in its first year, Spain, France, Germany and Russia being its main markets.

To provide space for all these projects and allow all the brands to grow, the firm has enlarged its facilities. In June 2013 it acquired the adjoining plot of its current Design Centre, where it will build a 17,000 m2 warehouse to house the new lines, which will be known as HANGAR2. As a result, the brand will have 80,000 m2 of offices distributed over three floors at its Palau-solità i Plegamans headquarters, where 2,100 people work.

Furthermore, in order to support the growth of the group, MANGO is continuing to develop its Logistics Park at Lliçà d’Amunt, where it is to base its new logistics centre, equipped with some of the most state-of-the-art technology in Europe. In its initial phase, under construction, it will build over 125,000 m2out of a total 330,000 m2.

Company turnover for online sales during 2013 totalled 124 million euros, which represents 6.7% of total company turnover and a 77% increase on the previous year. MANGO, which is now available on the Internet in 64 countries, plans to begin expanding online into Australia and several Central and South American countries during 2014, while continuing to enter new markets in Europe, Asia and the Middle East.

The forecast investment for the Group this year is 300 million euros, which will be allocated to new store openings, store refurbishments, logistics systems and IT systems.

MANGO

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