(PRESS RELEASE) LONGARONE/MILAN — The Board of Directors of Marcolin, among the global leading groups in eyewear, on 26 March 2025 presented the draft of the Group’s separate and consolidated financial statements for the year ended 31 December 2024, which will be approved by the Shareholders’ Meeting on 7 April 2025.
Results as of 31 December 2024
In 2024, Marcolin successfully strengthened its performance, continuing the growth path of recent years with significant improvements in terms of profitability, despite a year marked by international geopolitical uncertainties and challenges.
A significant increase for the adjusted EBITDA, reaching €85.0 million (+10.2% YoY), with a margin on Net Sales of 15.6%, up from 13.8% in 2023.
Net sales amounted to €545.8 million, a slight decrease (-2.2% at current exchange rates, -1.8% at constant exchange rates) compared to the previous year. On a like-for-like basis, excluding the positive impact of new brands in 2024 and the effect of discontinued brands, Net Sales increased by 1.7% at current exchange rates (+2.1% at constant exchange rates).
The Group’s main geographic markets in 2024 were EMEA and the Americas, which reported Net Sales of €269.1 million (+6.2% on a like-for-like basis) and €198.6 million (-7.1% on a like-for-like basis), respectively. The Asian market, a high potential geography for the Group, continued its growth path (+9.6% at current exchange rates).
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The Adjusted Net Financial Position amounted to €321.3 million, an improvement of €23.0 million compared to 31 December 2023, thanks to the positive cash flow generated by operational activities.
In 2024, alongside licence renewals with GCDS, Zegna, MAX&Co. and Skechers, Marcolin secured exclusive agreements with Christian Louboutin, the French brand making its debut in eyewear at MIDO 2025, K-Way®, the iconic French brand known for its revolutionary rain jacket, for which the Group is responsible for the design, production and worldwide distribution of sunglasses, optical frames, ski goggles and kids’ eyewear and with Abercrombie & Fitch Co. for the design, production and distribution of sunglasses and optical frames under the Abercrombie, Abercrombie Kids and Hollister brands.
During the year also continued the commercial integration of the new house brand ic! berlin into the Group and two new showrooms were inaugurated in New York and London.
