The company is accelerating its digital transformation by investing 27 million euros in priority projects related to digital transformation and its Customer Centric strategy. The company remains in a healthy financial state: net bank debt fell by 20%, to 156 million euros. The turnover of physical stores fell by 43%, having been affected by store closures or limited opening hours and/or customer numbers during much of the year. Online income represented 42% of total turnover, after growing by 36% to reach 766 million euros. The group expects to close this year with the opening of 11 Mango Teen stores in Spain and the opening of new stores, as well as its international expansion, during 2023.
The company will also open new stores called Mango Teen, which will be exclusively dedicated to its clothing line for adolescents.The world’s first store under this concept opened this month in Barcelona. It will also implement Kids Lab, a total refurbishment of the furniture and layout in stores, in order to display products in a different way and better suit the needs of its customers.The initial test was conducted in Paris and will be extended to all new store openings from September. In order to achieve this, Mango Kids is planning 40 new store openings by the year end, which will bring the total number of stores worldwide to 450. The company’s children’s line increased its sales by 60% last year compared to 2019 and is forecasting record sales figures this year, with a turnover in excess of 200 million euros. In the first half of the year, Mango followed its sustainable roadmap and, for the first time in its history, linked its debt to ESG criteria (environmental, social and good corporate governance). The company continues to develop its ecosystem of channels and partners, with a firm commitment to online and sixty net openings by June. Technology, logistics, facilities and stores will account for the bulk of the investment effort for the whole year. The Barcelona-based group will accelerate its investment rate, expected to exceed 124 million euros in 2022 as a whole, almost three times more than in 2021. The first six months were marked by the company's strong performance in key markets such as the Spain, France, the United States, the United Kingdom, Italy and India. 
The company ended the first half of the year with gross operating profit up compared to the same period in 2021.Mango ended the first six months of 2022 with a turnover of 1,214 billion euros, 24.8% more than in the same period of the previous year, and exceeding sales recorded in the first half of 2019.
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