Robust EMEA market performance boosts Marcolin profitability in 2024

Minus the positive impact of the ic! berlin acquisition and discontinued brands, like-for-like net sales increased +1.7% at current exchange rates in FY2024.

Mar 27, 2025 - 14:10

Robust EMEA market performance boosts Marcolin profitability in 2024

**Despite geopolitical uncertainties and economic challenges, Marcolin saw an increase in profitability last year**

Leading eyewear group Marcolin showed improved profitability in 2024 despite a slight decline in year-on-year sales, with good momentum from the vital Europe, Middle East and Africa (EMEA) region.

The company posted net sales of €545.8 million in 2024, down by -2.2% year-on-year at current exchange rates (-1.8% at constant exchange rates).

Excluding the positive impact of new brand acquisitions and discontinued brands, like-for-like net sales increased +1.7% at current exchange rates (+2.1% at constant exchange rates).

The group achieved an adjusted EBITDA of €85 million, representing a +10.2% year-on-year increase with an EBITDA margin on net sales of 15.6%, up from 13.8% in 2023. The company saluted the performance, noting that it came against the backdrop of a challenging global environment marked by geopolitical uncertainties.

**A snapshot of financial performance; click on the image to enlarge**

EMEA was the leading contributor to net sales by region, at €269.1 million, with a like-for-like increase of +6.2%. The Americas reported net sales of €198.6 million, a decline of -7.1% on a like-for-like basis, while the Asian market demonstrated positive momentum, achieving a +9.6% increase.

Marcolin’s adjusted net financial position improved by €23 million, reaching €321.3 million at 31 December 2024, which was attributed to robust cash flow generation from operations.

**Marcolin continued to strengthen its international presence by integrating ic! berlin into its brand portfolio and renewed licence agreements with key brands**

In 2024, Marcolin bolstered its portfolio through key licence renewals with brands including GCDS, Zegna, MAX&Co. and Skechers. Additionally, the group secured exclusive agreements with Christian Louboutin, K-Way and Abercrombie & Fitch Co.

Christian Louboutin made its debut at the MIDO 2025 eyewear show, marking its entry into the this luxury segment. Marcolin’s strategic alliance with K-Way, known for its rain jackets, includes the design, production and distribution rights for the brands’ sunglasses, optical frames, ski goggles and kids’ frames.

Additionally, Marcolin secured the exclusive licences for the design, production and distribution of sunglasses and optical frames under the Abercrombie, Abercrombie Kids and Hollister brands.

The company also continued the integration of new house brand ic! berlin into its global portfolio and inaugurated showrooms in New York and London.