Marcolin recorded a significant improvement in its financial position in 2010 with turnover rising by 15.2 per cent to €207.7m.
The frame manufacturer described 2010 as the best in its 50-year history. Its net profit more than doubled from €7.1m in 2009 to €18.6m, while its net financial position went from -€23.8m to -€8.6m, an improvement of €15.2m. Marcolin has signed a renewed licence with Tom Ford through to 2022 as well as a five-year licence agreement with Diesel, whose eyewear will be launched in June. In 2010 the company launched Dsquared, Tod's, Hogan, John Galliano and the Swarovski line.
The main driver for the increased turnover was the 48 per cent rise in the Rest of the World region, with the US up 13.2 per cent, although Europe rose by 3.9 per cent, similar to the Italian market at 4.5 per cent.
Marcolin said factors for the improved performance included a reduction in product cost through production efficiency, a new demand planning system, and an increase in sales of branded products with higher margins on sales.
Managing director Massimo Saracchi said the results crowned three years of hard work.