Mango closed fiscal 2018 with a rise of 17 per cent in its earnings before interest, taxes, depreciation and amortization (ebitda).At the same time, gross margin rose 2.5 points, up to 58.7 per cent. Sales of the company on the other hand rose 1.8 per cent. The tendency towards rise in sales continued in first half of 2019. It’s the first green year for the group after two fiscals with decreasingresults.Mango’sinternational income represents 77 per cent of its total revenue while sales in Spain, its local market, represent 23 per cent. In 2018, the Spanish retail giant reduced by half its financial two-year debt. The company signed last December a refinancing agreement up until 2023.
Mango opened in 1984. They are two stages in the history of the company. In the first, from 1984 to 1995, Mango gradually gained a greater knowledge of the business and consolidated the product and store concept, and implemented the Just in Time philosophy in the distribution area, obtaining a certain critical mass on the Spanish market. In the second stage, from 1996 to the present, it has reinforced the values of the team and increased investment in a new concept of complete logistics based on speed, information, and technology.
