The Italian eyewear manufacturer Marcolin SpA increased its sales significantly in the 2022 financial year and also made significant progress in terms of earnings. This emerges from the latest results published by the company on Tuesday.
Accordingly, group sales last year amounted to EUR 547.4 million, which corresponds to an increase of 20.1 percent compared to 2021. Adjusted for exchange rate changes, revenues grew by 13.2 percent.
Business in Asia developed particularly dynamically, where Marcolin was able to achieve a sales increase of 47 percent (currency-adjusted +33 percent). In the EMEA region, which includes Europe, the Middle East and Africa, revenues increased by 18 percent (+17 percent at constant currency) and in the Americas by 17 percent (+4 percent at constant currency).
The operating result was also significantly higher than in the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for special effects amounted to 61.0 million euros and was thus 21.7 percent above the level of 2021. The correspondingly adjusted earnings before interest and taxes (EBIT) even grew by 49.6 percent to 33.5 million euros.
The group, based in Longarone in northern Italy, is one of the world’s leading eyewear manufacturers. The group of companies owns its own brands Web Eyewear, Marcolin and Viva. Marcolin, as a license partner, also manufactures the eyewear collections of well-known international fashion and shoe labels such as Tom Ford, Guess, Adidas, Bally, Gant, Moncler, Max Mara, Timberland and Skechers.