Marcolin’s positive third quarter results

Marcolin has reported positive performance results in the first nine months of 2023 with growing revenues and margins.

Net sales increased by 3% in the first nine months of the year, compared to the same period in 2022, reaching €421.6m, with positive marginality at €64.6m, a 28% increase compared to €50.5m in 2022.

The percentage margin on net sales was also positive, standing at 15.3%, compared to 12.3% in 2022. The first nine months closed with a net profit of €13.5m, up from €11.7m, compared to the same period in 2022.

Marcolin reported that the first nine months were marked by strategic operations, including the signing with Estée Lauder Companies for Tom Ford Eyewear plus the recent acquisition of ic! berlin GmbH.