In the first nine months of 2024, eyewear company Marcolin reported an increase in margins with adjusted EDITDA at €65.7m and net sales reached 16.1%, up from 15.3% in the same period last year.
Revenues stood at €408m, which was down 3.2% compared to the same period in the previous year, but it noted that on a like-for-like basis, revenues increased by 0.6%.
Its main markets were Europe, Middle East and Africa, and the Americas, which recorded revenues of €202m (+3.6% on a like-for-like basis) and €151m (-6.4% on a like-for-like basis), respectively.
During the period, Marcolin renewed licences with GCDS, Zegna, Max&Co and Skechers, as well as finalising agreements with Christian Louboutin.
