MILAN, Aug 1 (Class Editori) — Marcolin had a successful first half of the fiscal year, reporting net sales of 308.7 million euros. The Veneto-based Group, which has eyewear licenses for more than 20 brands, including Max Mara, Zegna, and GCDS, recorded a 9% increase in sales for the first half of the fiscal year.
The Asian market and the EMEA region were the primary drivers of positive performance with sales growth of 125% and 8.7%, respectively, contributing to a revenue of 156.4 million euros in the second quarter. The EBITDA grew 26.4% to 51.2 million euros, surpassing the 40.5 million euros in the first half of 2022. As a result of the positive performance, the Group recorded a net profit of 15.5 million euros at the end of the period, which is almost 9 million euros higher than the previous period.
“Several factors contributed to achieving these important results, like consolidating numerous brands in the portfolio, implementing a digital transformation process that places customer relationships at the center of all phases, and continuously pushing for production and procurement efficiently,” a note released by the Group stated.
Earlier this month, Marcolin acquired the remaining 49% of shares in the Marcolin México JV, making it the sole owner. This transaction is part of a broader growth strategy with a focus on consolidating its position in the strategic US market.
Since 2020, the eyewear company aims to expand in the Asia Pacific region by opening an office in Sydney, Australia. This move will help strengthen business synergies with the existing regional office in Hong Kong.
The company’s long term strategy for developing its business in the area has allowed it to establish a direct presence in the market, as it serves as a commercial hub for the entire network of independent and local chains and manages distribution of the brand portfolio.
The sales team has the responsibility for sales, after-sales assistance, and customer care. The Marcolin Group operates globally with 13 subsidiaries located around the world, in Europe (Benelux, DACH, France, Italy, Nordic countries, Portugal, Spain, UK), America (US, Brazil), Asia (Hong Kong, Singapore), Australia (Sydney), and 4 JVs (China, Mexico, Russia and UAE), and over 150 international distributor partners.
(Source:Class Editori)
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