Marcolin’s FY2022 sales soared by over 20% despite the challenging backdrop

Eyewear company Marcolin saw its 2022 sales rise 20.1% at current exchange rates (+13.2% constant) to hit €547.4 million/US$595m, with impressive growth coming from the Asia region.

Adjusted EBITDA reached €61.0m/$66.3m for the year to December 2022, an increase of 21.7% as measures taken to achieve a “highly positive” profit margin took effect. 

EBITDA margin stood at 11% of net sales.

Marcolin has a presence in more than 125 countries. with a brand portfolio spanning Tom Ford, Guess, adidas Sport, adidas Originals, Bally, Moncler, Max Mara, Sportmax, Zegna, GCDS, Barton Perreira, Tod’s, Pucci, BMW, MAX&Co., Kenneth Cole, Timberland, GANT, Harley-Davidson, Marciano, Skechers and Candie’s. Its house brands include WEB Eyewear and Marcolin. 

While the business posted gains across every geography, Asia pulled ahead with sales climbing 47% at current exchange rates (+33% constant).

Europe, Middle East and Africa saw 18% gains (+17% constant), while sales across the Americas increased by 17% (4% constant).

Together the three regions account for around 90% of Marcolin’s total revenues. 

Marcolin full year net sales to December 2022

According to Marcolin, consolidating the number of brands in its portfolio, a digital transformation process, and a continued push for production and procurement efficiency all contributed to the positive results.

Marcolin’s net position now stands at €137.4m/$149.3m, an improvement of €10.7m/$11.6m due to improved liquidity.

2022 also saw Marcolin invest in its sustainability and ESG programmes. One development included securing ISO 13485 certification, a recognition of product quality for medical devices.

‘Vision and far-sightedness’ 

“Last year confirmed how Marcolin is a high-performance and sound company capable of tackling a complex historical period with vision and far-sightedness while consolidating its leadership position among the reference players at global level in a sector that, today more than ever, is experiencing a moment of great dynamism and change,” said Fabrizio Curci, Marcolin CEO and General Manager.

Marcolin CEO Fabrizio Curci said the performance will drive 2023 expectations even higher

“2022 results provide a drive for the Company’s divisions to elevate our expectations even higher: the year ahead of us is just as challenging, but full of important events, in which we will have to prove once again that we are a modern, agile company, capable of reading economic trends and supporting a sector in which Italy acts as a leader.”

Last month Marcolin previewed its 2023 GUESS Eyewear Travel Retail collection, which features four sunglasses styles that ‘explore the essence of femininity through innovative and unique shapes and details’.