Eyewear giant Marcolin has achieved impressive results in the first nine months of the year, with substantial increases in revenue and margins, particularly in the Asian market. The company’s net sales saw a year-on-year increase of 3%, reaching €421.6 million. Adjusted EBITDA also experienced significant growth, reaching €64.6 million, a 28% increase. As a result, Marcolin achieved a net profit of €13.5 million for the period, up from €11.7 million the previous year.

During this crucial period, Marcolin secured a significant licensing deal with The Estée Lauder Companies for the prestigious Tom Ford brand. In addition, the company holds licenses for various other renowned brands, including Guess, Adidas, Max Mara, and Moncler, among many others. These partnerships play a vital role in Marcolin’s success in the competitive eyewear industry.

Marcolin’s sales performance in the high-potential Asian market remained robust, with an impressive 86% increase at current exchange rates and 91% at constant rates. In comparison, the EMEA region reported more conservative sales growth of 4% at current exchange rates and 5% at constant rates. However, sales in the American market experienced a decline of 4% at current exchange rates, although this decrease was mitigated to 2% at constant rates.

The positive trend continued in the third quarter, with an adjusted EBITDA of €13.3 million, equivalent to 11.8% of net sales. This represents a significant increase compared to the previous year. The strong performance compensated for the seasonal trend of a 10.4% drop in net sales at current exchange rates compared to the same quarter in 2022, primarily attributed to the American continent.

Marcolin’s success in the first nine months, particularly in the Asian market, underscores the company’s adaptability and ability to thrive in different market conditions. With a diverse portfolio of brand licenses and strategic partnerships, Marcolin is well-positioned for continued growth and success in the ever-evolving eyewear industry.

For more information on Marcolin’s performance and industry insights, please visit [Link 1] and [Link 2].

[Link 1]: Link 1
[Link 2]: Link 2