Home / Knowledge / News / Fashion / Marcolin Group enjoys healthy growth in profit
Marcolin Group enjoys healthy growth in profit
Aug '08
The Marcolin S.p.A. Board of Directors, chaired by Giovanni Marcolin Coffen, met to approve the Marcolin Group's consolidated report for the first half of 2008. The full version of the report will be available on the company's website as from the date of filing.

Consolidated revenue for the first six months of the year amounted to €107.7 million, posting an increase of €3.8 million vs. the same period in 2007. This 3.6% increase (+7.7% at constant rates) was achieved thanks to the good performance of all the lines in the portfolio.

The Group successfully consolidated its presence on the market, especially in the luxury segment, demonstrating a unique ability to develop a high fashion and high quality product.

Sunglasses and vision eyewear reported sales of €103.1 million, bettering the €97.7 million earned at 30 June 2007 and posting an increase of 5.6% on an exchange-adjusted basis.

EBITDA totaled €16.2 million (accounting for 15% of sales) compared with €9.8 million (9.4% of sales) achieved during the first half of 2007; EBIT as a percentage of sales was 11.4% (vs. 2.9% at 30 June 2007), corresponding to €12.3 million in absolute terms (vs. €3.0 million at 30 June 2007).

The significant rise in profit margins was largely attributable to the positive effects of the Management's action in previous periods, with the consequent boost in efficiency achieved by all Group companies, including the subsidiary Cébé.

Cébé was the focus of a major reorganization plan pursuant to the decision to cease production and marketing of winter eyewear products.

The Group reported net earnings of €7.5 million (6.9% of sales), against the €2.0 million loss (-1.9% of sales) posted in the first half of 2007.

With reference to the income statement data relating to the second quarter 2008, Directors noted that:
• Revenue from sales came to €51.7 million vs. €50.3 million in the second quarter 2007, reporting an increase of 2.8% (+7.5% at constant exchange rates);
• EBIT amounted to €3.7 million (negative for €2.9 million in the second quarter 2007) accounting for 7.2% of sales (-5.8% in the second quarter 2007);
• EBITDA amounted to €5.4 million (€2.6 million in the second quarter 2007), with a 10.5% margin on sales (vs. 5.1% in the second quarter 2007).

The net financial position showed improvement of €6.3 million vs. 31 December 2007, due to greater cash flow generated by operations, and was positively influenced by seasonality. This performance was in line with forecasts made for the period.

As regards the foreseeable evolution of operations for the rest of the year, the Group expects a considerable increase in profits in 2008 compared with a year earlier despite the mood of uncertainty on the international markets, and therefore a strong returnto profitability.

Must ReadView All

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

ITC helps bolster Chinese investment in Ethiopian textile

Textiles | On 24th Sep 2018

ITC helps bolster Chinese investment in Ethiopian textile

Major Chinese textile firms are stepping up sourcing and investment...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Manuj Terapanthi, Texaura

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Pierre Wiertz, EDANA

Pierre Wiertz

EDANA, the international association serving the nonwovens and related...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search