Marcolin bears cost of Cébé

Italian eyewear manufacturer Marcolin reported a net loss of €2m for the first half of 2007, among financial results approved by its board of directors. The results were up on the same period in 2006, when Marcolin reported a loss of €3.7m.

The results were influenced heavily by the subsidiary company Cébé, which contributed a loss of €7m. Group revenue amounted to €104m, an increase of 25.7 per cent on the previous year, a performance attributed to the good results of Tom Ford Eyewear, Montblanc Eyewear and Roberto Cavalli Eyewear brands.

Marcolin's general manager Antonio Bortuzzo commented: 'The exceptional sales figures confirm the group's ability to consolidate its presence on the market.' He added: 'Management is determined to solve the problem represented by the subsidiary Cébé, which in the past two years has negatively affected otherwise overall positive results.'