Increased marginality enabled Marcolin to consolidate its performance in the first six months of 2024, with adjusted EBITHA standing at €52.7m, up 2.9% year on year.
Net sales stood at €297.6m, down 3.6% at current exchange rates compared to the same period last year, while net sales increased by 0.6% at current exchange rates on a like for like basis.
Europe, Middle East, and Africa and the Americas recorded revenues of €149.6m (+2.1% on a like-for-like basis) and €106.6m (-4.7% on a like-for-like basis), respectively, while the Asian market, posted double-digit growth.
The adjusted net financial position amounted to €338m, an improvement of €6.4m compared to 31 December 2023 attributed to positive cash flow generated by operating activities.
Licence renewals for Zegna, Max&Co, GCDS and Skechers were announced earlier in the year, while exclusive new partnerships were announced with Christian Louboutin and French brand K-Way.
