After three consecutive years of losses, eyewear manufacturer Marcolin has reported a net profit of €6.1m for 2008. The company made a loss of €6.9m in 2007.
Marcolin attributed its results to greater manufacturing efficiency and an increase in sales relating to brands with higher margins. Other reasons given included the containment of commercial, advertising and administrative costs, the improvement in margins on sales by Marcolin USA and the closure of the businesses associated with the winter segment of the sports subsidiary Cébé.
A statement from Marcolin said: 'Despite the recession on the markets, 2008 was confirmed as an excellent year for the Marcolin Group, marking our return to a significant profit.'
The company was also optimistic about 2009 because of 'the effects of the incisive action taken to improve the manufacturing processes and overall organisational efficiency'.