Marcolin increases margins in the first half of 2024
In the first six months of 2024, Marcolin's margin was particularly positive: adjusted EBITDA amounted to EUR 52.7 million and increased by EUR 2.9 % compared to EUR 51.2 million in the first half of 2023. The impact on net sales was positive and amounted to EUR 17.7 % (compared to EUR 16.6 % in the same period of the previous year).
Turnover amounted to 297.6 million euros, a decrease of 3.6 % compared to the same period of the previous year. On a comparable basis (excluding the positive impact of new brands in 2024 and the impact of discontinued brands), sales increased by 0.6 %. Renewals were announced with ZEGNA, MAX&Co, GCDS and Skechers. Exclusive agreements were signed with Christian Louboutin and K-Way.
Results as at June 30, 2024
Despite the ongoing international economic situation, Marcolin was able to consolidate its performance in the first six months of 2024 thanks to an increase in margins, with adjusted EBITDA of 52.7 million euros as at June 30, 2024, an increase of 2.9 % year-on-year. The impact on net sales was positive at 17.7 % (compared to 16.6 % in the same period last year).
Der Nettoumsatz beträgt 297,6 Millionen Euro, was einem Rückgang von 3,6 % bei aktuellen Wechselkursen (-3,4 % bei konstanten Wechselkursen) im Vergleich zum gleichen Zeitraum des Vorjahres entspricht. Auf vergleichbarer Basis (ohne den positiven Einfluss neuer Marken im Jahr 2024 und den Einfluss ehemaliger Marken) stieg der Nettoumsatz um 0,6 %bei aktuellen Wechselkursen (+0,8 % bei konstanten Wechselkursen).
The main markets in 2024 were EMEA and the Americas, which generated sales of EUR 149.6 million (+2.1 % on a like-for-like basis) and EUR 106.6 million (-4.7 % on a like-for-like basis) respectively. The Asian market, which offers great potential for the Group, consolidated the growth trend of recent years and recorded double-digit growth in the first half of the year.
The adjusted net financial position amounted to EUR 338.0 million, an improvement of EUR 6.4 million compared to December 31, 2023, thanks to the positive cash flow from operating activities, despite the typical commitment of net working capital due to the seasonality of the business in the first half of the year.
Earlier this year, Marcolin announced license extensions with ZEGNA, MAX&Co, GCDS and Skechers. The company also entered into an exclusive partnership with Christian Louboutin, which will allow the brand to enter the eyewear category for the first time in its history. In addition, the French brand K-Way®, known worldwide for its revolutionary rain jacket, has been added. The group will be responsible for the design, production and worldwide distribution of sunglasses, optical eyewear, ski goggles and children's eyewear.
