On July 30, 2025, the Board of Directors of Marcolin, among the global leading groups in eyewear, approved the consolidated financial results as of June 30, 2025.
Results as of June 30, 2025
In the first six months of 2025, Marcolin was able to consolidate its performance, despite an international economic scenario strongly influenced by the current situation of commercial uncertainty.
In terms of marginality, Adjusted EBITDA reached €52.3 million (17.7% on Net Sales), a result in line with the previous year despite the current macroeconomic environment influenced by geopolitical and commercial complexities.
Net Sales overall stable at €295.7 million (-0.6% at current exchange rates, +0.3% at constant exchange rates compared to the same period of 2024).
In the first six months of 2025, EMEA and the Americas remain the main geographic markets, reporting Net Sales of €161.3 million (+7.3% at current exchange rates, +7.0% at constant exchange rates) and €98.7 million (-7.4% at current exchange rates, -4.6% at constant exchange rates), respectively. The Asian market continued to represent a high potential area for the Group, despite a temporary deceleration attributable to different sourcing timing from large APAC distributors, still recovering from the first quarter 2025.
Adjusted Net Financial Position amounted to €323.1 million, substantially in line with December 31, 2024 (equal to €321.3 million) thanks to positive cash flow from operating activities offset by the absorption of working capital coming from the typical business seasonality during the first half of the year.
During the first six months of the year Marcolin renewed key license agreements with Max Mara, Guess, adidas and GANT, and signed a new exclusive agreement with rag & bone.
