New brands help Marcolin boost profit

Logistical efficiencies and successful mainstream brands helped Marcolin nearly double profits before tax in the first six months of the year.

Sales at the Italian frame company grew by 16 per cent to €115.6m during the period, generating earnings before tax of €17.5m, up 109 per cent on the same period a year before. The measure of earnings before interest, taxes, depreciation, and amortisation grew by 92 per cent to €21.1m.

Welcoming the results, managing director and general manager Massimo Saracchi said product and operating efficiencies had played their part, as had recent reorganisation. He also hinted at an improved economic outlook as markets around the world improved.