Marcolin, for more. The Italian optics company has finished the first nine months of the year (period ended on September 30) increasing its sales, shooting up its profit and improving its margin.
Specific, the group’s turnover has increased by 21% in the period, to 409.7 million euros. The gross operating profit (ebitda) of the Italian company stood at 50.5 million euros in the period, 20.2%.
In the case of the operating result (ebit), the growth was 49.5%, up to 30.5 million euros, compared to 20.4 million euros in the same period a year ago. The company’s gross margin stood at 59.8% compared to 58.5% in the first nine months of 2021.
Marcolin explained in a statement that the increase in the margin is due to an improvement in the mix of distribution channels and “continuous efforts to improve production efficiency despite the uncertain macroeconomic outlook.”
Marcolin increased its sales by 24.3% in the third quarter of the year
Only in the third quarter of the year, Marcolin’s sales registered an increase of 24.3%, up to 126.1 million euros. In the period, the company’s sales rose by 22.2% in Europe, the Middle East and Africa, grew by 19.6% in America.
In Asia, the company’s sales registered a rise of 21.5% in the first nine months of the year. In recent years, the company has invested in the region after launching a new subsidiary in Shanghai in July 2021.
Marcolin, specialized in the production of frames, broke its agreement with LVHM last year. Both companies had a joint venture, Thélios, created in 2017 to manage the optical business of the French conglomerate. In December 2021, LVMH bought 49% of the company for €21.9 million.
Founded in 1961 in Italy, Marcolin currently operates in 125 countries around the world and has in its portfolio the license of brands such as Tom Ford, Guess, Adidas, Moncler, Max Mara, Swarovski, Timberland or Gant, among others.