Marcolin Consolidates Performance in 2023, Growth in Revenues and Margins

Leading eyewear group Marcolin reported a 2.0% increase in net sales to €558.3 million in 2023, with a significant growth in adjusted EBITDA, which reached €78.1 million, up 27.9% compared to the previous year.

The adjusted EBITDA margin also improved, standing at 14.0% of net sales. Despite international geopolitical instability and logistical complexity, Marcolin consolidated its performance, achieving growth in a high potential market such as Asia (+81.5% at current exchange rates and +81.9% at constant exchange rates). The Group also recorded a net profit of €10.2 million and strengthened its presence in the Central American market.

Marcolin finalised two strategic transactions: the perpetual licence agreement for TOM FORD Eyewear and the acquisition of ic! berlin GmbH. The adjusted net financial position increased by €178.2 million due to these investments.

In the first few months of 2024, Marcolin announced licence renewals with Pucci, Zegna, GCDS, and MAX & Co., and entered into an exclusive licence agreement with Christian Louboutin for the eyewear category. The Group's portfolio includes house brands like WEB EYEWEAR and ic! berlin, as well as licensed brands such as TOM FORD, Guess, adidas Sport, and Christian Louboutin. Marcolin distributes its products in more than 125 countries and employs about 2,000 people.

In other news, Marcolin is actively exploring strategic options with the assistance of Goldman Sachs Group Inc., reports from reputable sources including Bloomberg and the Financial Times reveal. The company is diligently gauging interest and is strategically aiming for a sale to a discerning buyer.