In Focus: Eyewear groups prevail amidst global turmoil

Despite a turbulent global landscape, the eyewear industry’s behemoths maintained strong momentum in 2024, as reflected in the full-year results of Marcolin, Safilo, EssilorLuxottica and Inspecs. 

Marcolin continued its upward trajectory in 2024, reinforcing profitability even amid geopolitical uncertainties. The company reported an adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) of €85.0m – up 10.2% from 2023 – with an Ebitda margin on net sales rising to 15.6%, compared to 13.8% the previous year. 

Net sales totalled €545.8m, representing a slight decline of 2.2% at current exchange rates (1.8% at constant rates). However, on a like-for-like basis – excluding the impact of newly acquired and discontinued brands - net sales increased by 1.7% at current rates (2.1% at constant rates).