LONGARONE, Milan—Marcolin has announced its third-quarter (Q3) financial results, reporting that during the first nine months of the year, Marcolin has been able to consolidate its performances, which the company said, "continues the virtuous path undertaken in recent years with very positive impacts in terms of margins.” Marcolin reported that despite a 2024 influenced by international geo-political uncertainties and complexities, the company was still able to show an increase in margins with adjusted EBITDA of €65.7 million. This had an impact on net sales which reached 16.1 percent, compared with 15.3 percent in the same period last year.

Net sales amounted to €408.0 million, down 3.2 percent at current exchange rates and -2.8 percent at constant exchange rates compared with the same period in the previous year. On a like-for-like basis, the company reported that sales had increased by 0.6 percent at current exchange rates of +1.0 percent at constant exchange rates, excluding the positive impact of new brands in 2024 and the impact of discontinued brands. The company’s main markets in 2024 were EMEA and the Americas, which recorded revenues of €202.0 million or +3.6 percent on a like-for-like basis and €151.0 million or -6.4 percent on a like-for-like basis, respectively. 

The Asian market, which the company stated has a high potential for the Group, consolidated the growth trend of recent years with significant growth in the first nine months of the year. The adjusted net financial position amounted to €337.4 million, an improvement of €6.9 million compared with December 2023. The company stated this was due to positive cash flow generated by operational activities. 

In the first nine months of the year, in addition to licensing renewals with GCDS, Zegna, MAX&Co. and Skechers, Marcolin finalized exclusive agreements with Christian Louboutin. The brand will launch in early 2025, for the first type in the eyecare category. The company will also be debuting K-Way, for which the Group will be in charge of designing, manufacturing, and the worldwide distribution of sunglasses, optical frames, ski goggles and kids' eyewear.

Finally, the company will be debuting Abercrombie & Fitch Co. and Marcolin will be in charge of the design, production, and distribution of sunglasses and optical frames branded by Abercrombie, Abercrombie Kids and Hollister.