Marcolin: Coping with Covid

Optician: Northern Italy was one of the worst-affected areas at the beginning of the pandemic. What was the impact on the Marcolin Group?

Matteo Blandi: In terms of financial results, as most of the companies worldwide, the first half of 2020 was affected greatly. Public authorities adopted highly restrictive containment measures that were negatively impacting eyewear demand worldwide.

However, our business started to deteriorate more rapidly in the second half of March due to the complete lockdowns across Europe, the US and many other markets. A gradual recovery started in May and June, with a full recovery in July.

Covid-19 persists in many parts of the world, so it’s difficult to accurately predict the full impact of Covid-19 on the global 2020 year.