Mango Achieves Record Net Profit of €219 Million, Sees 27% Growth in 2024

Mango has reported a remarkable financial performance for 2024, with a net profit of €219 million, marking a 27% increase from the previous year. The company's turnover reached €3.339 billion, a 7.6% rise from 2023. International markets contributed significantly, accounting for 78% of total revenue. Mango's EBITDA surged by 19% to €636 million, while its gross margin reached 60.7%. The company invested heavily in store expansions and digital transformation, opening over 260 new stores globally.

 

Source: Fashion Network