Mango on track for €4bn revenue target as first half sales climb

Mango increased first-half turnover by 7.2% to €1.852 billion (£1.61 billion), with growth reaching 10.7% at constant exchange rates as it continued to expand its UK store network.

Summary of results: 

• First-half turnover reached €1.852 billion (£1.61 billion), up 7.2% on a reported basis and 10.7% at constant exchange rates.
• Online revenue delivered double-digit growth and represented 32% of turnover, while international markets generated 77%.
• Mango opened 10 new stores in the UK. 

Mango’s first half performance keeps it within reach of its €4 billion (£3.48 billion) full-year revenue ambition, although the company did not publish interim EBITDA or net profit.

The brand's womenswear offering continued to lead sales during the half-year, followed by menswear, as well as its kids and teen offering. 

Growth came from both stores and digital trading, with online revenues seeing double-digit growth, generating 32% of total sales. 

The brand noted that 77% of the company’s total turnover was generated by its international business, which Mango says is a reflection of its "strong global presence and geographic diversification". 

Spain remained Mango’s largest market and recorded double-digit growth during the half, followed by France, Turkey, Germany and the US. The UK remains one of the brand's strategic markets. 

The group also highlighted that it had invested nearly €90 million during the period to support expansion, operations, technology and its campus.

Toni Ruiz, Chairman and CEO of Mango, said: “We are entering the final stretch of our 4Es 2024–2026 Strategic Plan with a clear ambition to reach €4 billion in revenue this year. Our first half results demonstrate continued positive momentum, with growth ahead of the wider market, further strengthening our position as one of the leading international fashion brands.”

Under the Elevate pillar of its strategic plan, the brand had continued to strengthen its differentiated value proposition, centred on original design, quality and an aspirational brand position. Its appointment of Hailey Bieber as the face of its Woman line’s Summer 2026 campaign, as well as its collaborations with British tailoring house Richard James and American label Eckhaus Latta have formed part of its elevation strategy. 

Revenue builds on 2025 performance

The results follow a record 2025 financial year, which saw Mango's annual sales increase by 13% to €3.8 billion (£3.31 billion), while EBITDA rose 13% to €722 million (£628 million). Net profit grew 11% to €242 million (£211 million).

At the publication of the full-year figures in March, Ruiz said the company had achieved “record growth across our key indicators” after investing in its business model and international expansion.

Stores and online support expansion

The retailer continued its UK expansion with 10 openings during the half, including stores on Kensington High Street and King’s Road in London, as well as Cheltenham.

Mango had previously outlined plans to add 15 UK stores during 2026 and opened its 26th London location at One New Change in May.

Mango ended June with more than 2,960 points of sale across over 120 markets after opening 127 stores and renovating another 37. International operations accounted for more than three-quarters of turnover.