Last month, Marcolin’s Board of Directors reported its financial results for the nine months to September 30, 2024. The first nine months of 2024 saw margin expansion, with adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reaching €65.7 million, representing 16.1% of net sales, compared to 3% in the nine months of 2023. Net sales amounted to 408.0 million Euro, down 3.2% at current exchange rates (-2.8% at constant exchange rates) compared to the same period of the previous year. On a like-for-like basis, i.e. excluding the positive impact of new brands in 2024 and the impact of discontinued brands, the increase was 0.6% at current exchange rates and 1.0% at constant exchange rates. The main markets in 2024 were EMEA and the Americas, which recorded revenues of 202.0 million Euro and 151.0 million Euro, respectively. The Asian market, which has a high potential for Marcolin Group, recorded significant growth in the first nine months of the year, consolidating the growth trend of recent years. The adjusted net financial position amounted to €337.4 million, an improvement of €6.9 million compared to December 31, 2023, thanks to positive cash flow from operating activities.

December 2024