Marcolin Group reported results for the nine months and third quarter of the year for the period ending Sept. 30, 2023, noting that in the first nine months, net sales rose by 3 percent compared to the same period of 2022, reaching €421.6 million. The first nine months closed with a net profit of €13.5 million (up €11.7 million compared to the comparable period a year ago. The company also noted adjusted Ebitda for the nine months was €64.6 million, an increase of 28 percent compared to €50.5 million in the first nine months of 2022. The company said the results “confirm the business strategy adopted by the group in recent years, despite a global context marked by complex socio-political and economic scenarios.” Compared to the first nine months of 2022, Marcolin’s performance in a high potential market such as the Asian one continued to grow (+86  percent at current exchange rates and +91 percent at constant exchange rates). The performance of the EMEA area was positive (+4 percent at current exchange rates and +5 percent at constant exchange rates).

December 2023