In a standout performance for the first nine months of the year, Marcolin Eyewear experienced significant revenue and margin growth. The eyewear giant reported a 3% YoY increase in net sales, reaching €421.6 million, with adjusted EBITDA surging by 28% to €64.6 million. The percentage margin on net sales rose to an impressive 15.3%, marking a substantial increase from the previous year’s 12.3%.
This positive momentum was underscored by a noteworthy net profit of €13.5 million, showcasing a considerable rise from the €11.7 million reported in the same period the previous year. A pivotal highlight during this timeframe was the signing of a substantial «perpetual licensing» deal with The Estée Lauder Companies for the Tom Ford brand, strengthening Marcolin’s market presence.
Marcolin boasts eyewear licenses for an extensive portfolio of iconic brands, including Guess, Adidas, Max Mara, Moncler, Zegna, MCM, Barton Perreira, Tod’s, Bally, Pucci, Kenneth Cole, Timberland, Gant, Skechers, and more.
The Asian market emerged as a powerhouse, with an impressive 86% increase in sales at current exchange rates and an extraordinary 91% surge at constant rates. While EMEA experienced positive growth, the leap in Asia surpassed it, with sales rising by 4% at current exchange rates and 5% at constant rates. In contrast, American sales faced a 4% decline, mitigated to 2% at constant exchange rates.
Zooming into the third quarter, Marcolin sustained its positive trajectory, achieving an adjusted EBITDA of €13.3 million (11.8% of net sales), a substantial increase from the previous year’s €9.9 million (7.9% of net sales). This growth effectively compensated for the typical net sales seasonal trend, mitigating the 10.4% drop at current exchange rates compared to the same quarter in 2022, primarily driven by challenges in the American continent.
Marcolin’s robust performance and strategic partnerships position it as a formidable force in the global eyewear market. With a focus on sustained growth and market leadership, Marcolin Eyewear continues to shine in the industry. Explore more about Marcolin’s impressive journey and strategic collaborations for a visionary eyewear experience.