LONGARONE/MILAN, Italy—The board of directors of Marcolin have announced the approval of the company’s financial results as of June 30, 2024. For the first six months of 2024, the company reported revenues of €297.6 million, down 3.6 percent compared with the same period in the previous year. On a like-for-like basis (excluding the positive impact of new brands in 2024 and the impact of discontinued brands), net sales increased by 0.6 percent at current exchange rates.

Marcolin said it was able to consolidate its performance in the first six months of 2024 due to an increase in marginality, with adjusted EBITDA standing at €52.7 million, up 2.9 percent year-over-year. The impact on net sales was positive at 17.7 percent (compared with 16.6 percent for the same period in the previous year).

The main markets in 2024 were EMEA and the Americas, according to the company, recording revenues of €149.6 million (an increase of 2.1 percent on a like-for-like basis) and €106.6 million (a loss of 4.7 percent on a like-for-like basis), respectively. The Asian market consolidated the growth trend of recent years, posting double-digit growth in the first half of the year.

Marcolin said its adjusted net financial position amounted to €338.0 million, an improvement of €6.4 million compared with Dec. 31, 2023, due to the positive cash flow generated by operating activities.