Marcolin sales and profits rise in 2022
Eyewear giant Marcolin has released its 2022 results and said that net sales rose 20.1% at current exchange rates to reach €547.4 million, which was also a 13.2% increase at constant exchange rates.
Adjusted EBITDA rose a healthy, 21.7% to €61 million, boosted by the revenue increase as well as specific actions taken by the company to boost profit margins.
In a year marked by international geopolitical challenges and instability, the results underlined the strength of the company’s global strategy that saw it improving its performance in all geographical areas.
The company saw 47% growth at current exchange rates, and 33% at constant exchange rates in Asia. This is a crucial market with plenty of growth potential ahead.
In EMEA, revenue rose by 47% at current exchange rates and 33% at constant exchange rates, while in the Americas, it was up 17% and 4%.
Asia, Europe and the Americas combined account for around 90% of its revenue.
And as well as that more-than-20% jump in adjusted EBITDA, the trend in the adjusted EBITDA margin was positive, reaching 11.1% of net sales.
The company said that the consolidation of the numerous brands in its portfolio, and the implementation of a digital transformation process, had been important for driving its success last year, as well as the continuous push towards production and procurement efficiency.
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