Spain'S Fashion Brand Mango Net Profit Decline

Spain

The analysis of brand Mango shows that Russia's political crisis and product expansion all have impact on the profits of last fiscal year.

According to statistics, Mango net profit has decreased by 11.2% compared to the same period in the 2014 fiscal year after two consecutive years of growth, from 120 million 500 thousand euros in fiscal year 2013 to 107 million euros.

Spanish high street fashion brand

After 2014 consecutive years of growth, net profit decreased by 11.2% in the fiscal year, down from 120 million 500 thousand euros in fiscal 2013 to 107 million euros.

The group pointed out that Russia's political crisis and product expansion all had an impact on the profitability of last fiscal year.

Enric Cas, chief executive of Mango, said that the 2014~2017 revenue in the past was too optimistic, so the group lowered its 2017 revenue target to 3 billion 270 million euros.

2014 fiscal year, Mango year

A breakthrough of 2 billion 17 million euros, an increase of 9.3% over the same period, of which 82% came from overseas markets.