Barcelona-based fashion brand Mango reduced loses by 45 per cent to €33 million in fiscal 2017, compared to the previous year's 61 million. The company's turnover, however, declined by 2.9 per cent to €2.19 billion compared to the €2.26 billion reported in 2016. Its EBITDA rose by 50 per cent to €115 million. In 2017, Mango had implemented a restructuring program that resulted in a solid reduction in its net debt. On December 31st, the company's debt decreased 33 per cent, dropping from €617 million to €415 million. Its international operations accounted for 77 per cent of revenue, while Spain made up the remaining 23 per cent.

The brand’s online sales increased by 15.4 per cent to reach €339.2 million, 15.5 per cent of total revenue. These are now predicted to account for 20 per cent of total revenue in 2019. The brand’s investments reached €45 million in 2017, with most of it going towards improving its technological systems. It will further invest €30 million towards digital transformation over the course of this year, along with another 20 million into other projects. The company opened 20 stores last year leading to a total of 211 megastores in India and 2,190 stores across 110 countries.