Marcolin closes 2024 with growing margins and a strategy focused on international consolidation
Adjusted EBITDA up by 10.2%, the brand portfolio expands with new exclusive partnerships, and the company strengthens its presence in strategic markets through new showrooms and solid results in EMEA and Asia.
2024 proved to be a positive year for Marcolin, one of the leading global players in the eyewear industry. The Group ended the fiscal year with a clear improvement in profitability and a solid revenue performance, despite a complex global context.
Adjusted EBITDA rose to €85 million, up 10.2% compared to 2023, with the EBITDA margin increasing from 13.8% to 15.6%.
Net sales reached €545.8 million, reflecting a slight decline of 2.2% at current exchange rates. However, on a like-for-like basis—excluding the impact of new brands acquired and those no longer in the portfolio—sales grew by 1.7% at current exchange rates and 2.1% at constant exchange rates. Performance was driven particularly by the EMEA region, which posted a 6.2% increase on a like-for-like basis to €269.1 million, and by the Asian market, which continued to grow with a 9.6% increase at current exchange rates. The Americas presented more challenges, with revenues of €198.6 million, down 7.1%.
In terms of operating profitability, adjusted EBIT reached €57.8 million, representing 10.6% of net sales. The adjusted net financial position also improved, reaching €321.3 million as of December 31, 2024—an increase of €23 million compared to the previous year—thanks to strong cash generation from operations.
2024 was also marked by intense strategic and commercial activity. Alongside the renewal of key partnerships with Zegna, GCDS, MAX&Co., and Skechers, Marcolin signed exclusive agreements with leading brands: Christian Louboutin, which will debut in the eyewear sector at MIDO 2025; K-Way®, for a full line of sunglasses, optical frames, ski goggles, and children’s eyewear; and Abercrombie & Fitch Co., covering the design and distribution of eyewear collections for Abercrombie, Abercrombie Kids, and Hollister.
The year also saw the continued integration of the proprietary brand ic! berlin, while international expansion was further strengthened with the opening of new showrooms in New York and London.