MANGO bets on continuous reinvestment to drive sustained growth
The Círculo Ecuestre hosted this Thursday the visit of the CEO and Chairman of MANGO, Toni Ruiz, within the framework of a luncheon-colloquium to debate business leadership, the evolution of the fashion sector, and the challenges of international growth. The event was presented by the President of the Círculo Ecuestre, Enrique Lacalle, and moderated by the Deputy Director of La Vanguardia, Manel Pérez.
During the dialogue, Ruiz highlighted that “MANGO is going through the most solid moment in its history” and recalled that his main focus currently is to continue consolidating the brand globally, especially in strategic countries for the brand such as France, the United Kingdom, and the United States. The latter, Ruiz insisted, is a market in which they want to continue betting in the long term despite the diplomatic and commercial turbulence of recent months. In fact, he assured that, despite various global conflicts, the business has not been altered and sales trends are being maintained. At the same time, he also commented that learning from previous geopolitical crises, the professionalization of the company's governance, and the diversification of its supply chain are allowing them to avoid potential major impacts on the business.
Ruiz recalled that this year they will successfully close their 2024-2026 strategic plan, which has propelled the company towards globalization. “In an environment with many challenges and great competition, we continue to grow well above the market”. This strong growth has been possible thanks to the results presented by the company last March, with double-digit growth in all indicators: profit recorded an increase of over 10%, reaching 242 million euros, while total turnover approached 3,800 million euros, 13% more than in 2024. EBITDA also grew by 13% compared to the previous year, standing at 722 million euros.
Specifically, more than 600 million have been invested in the company's 2024-2026 strategic plan, to which he recalled that “the idea is to maintain this pace in the coming years, investing especially in stores as an essential point of our business”. Likewise, the top leader of MANGO has pointed out the importance of investing in technology, AI, and operations, in addition to its new headquarters called “CAMPUS MANGO”.
“The results of MANGO are the reflection of a global company, with 78% of sales outside of Spain” the executive indicated. In this sense, he assured that his main objective is to reach a total turnover of 4,000 million euros this year, a fact that, so far, “is on the right track”.
Regarding MANGO's new governance, Ruiz highlighted that 2025 served to consolidate the professionalization of the company with the addition to the board of profiles such as Manel Adell or Helena Helmersson, a task already started years ago by Isak Andic himself. In fact, he commented that the changes in the board of directors that occurred throughout the last financial year have provided the company with a more global character.
As for the performance of the various markets in which the company is present, Ruiz commented that currently, those recording the most sales apart from Spain are France, Turkey, Germany and the United States, followed closely by Italy, the United Kingdom, and Portugal. In addition, he pointed out that the women's line remains its main source of business, as it concentrates 79% of sales; for its part, the 'online' channel maintains its weight and remains as the entry point for one-third of the income. At the same time, he pointed out that the fact of having diversified the business with new lines such as MANGO Home, allows and will allow them to be a much more resilient and strong company in the face of future distortions.