August 1 2023  |  Industry News

Marcolin posts positive performance with net sales up 9% in H1 2023

By Wendy Morley

Marcolin Group has posted sales in H1 of 2023 amounting to €308.7 million (US$340.15 million), with an increase of 8.8% at current exchange rates (+8.7% at constant exchange rates) compared to the same period of the previous year.

Compared to H1 of 2022, the Asian market grew +125.4% at current exchange rates and +125.3% at constant exchange rates and the EMEA improved +8.7% at current exchange rates and +9.3% at constant exchange rates, with the Americas staying flat.

Adjusted EBITDA amounted to €51.2 million (US$56.42 million), marking an increase of 26.4% compared to €40.5 million in the same period of the previous year.

The trend in the adjusted EBITDA margin was equally positive, reaching 16.6% of net sales (compared to 14.3% in the first half of 2022).

Importantly, H1 2023 showed a positive net result of €15.5 million (US$17.08 million), vs
€8.8 million (US$9.7 million) in H1 2022.

Net sales increased by 8.8% to €308.7 million (US$340.15 million) in H1 compared to the first half of 2022.

Adjusted EBITDA increased by 26.4% at €51.2 million (US$56.42 million) compared to €40.5 million (US$44.63 million) in the first half of 2022. The % margin on net sales was 16.6% (14.3% in the first half of 2022)

Marcolin states that the consolidation of the numerous brands in the portfolio, the implementation of a digital transformation process based on the central role played by the relationship with customers in all its phases, and the continuous push towards efficiency in production and procurement all helped create these positive results.

Q2 2023 results

In the second quarter of 2023, Marcolin generated revenues of €156.4 million (US$172.34 million), similar to Q2 of 2022 (+1.6% at current exchange rates). Adjusted EBITDA was €27.6 million (US$30.41 million) (equal to 17.6% of net sales), compared to €22.3 million (US$24.57 million) in the second quarter of 2022 (equal to 14.5% of net sales).

REGION International

Brand News

September 21 2023

Butlers Chocolates to launch bite-sized…

They will introduce a collection of 16 dessert-inspired chocolates and an assortment of mini chocolate bars

September 21 2023

​Go Travel to showcase expanded…

The travel accessories specialist is launching an expanded offer of electrical adapters and chargers

September 20 2023

Monarq and the GlenAllachie announce…

The agreement also covers the USA Duty Free channel

September 20 2023

​Travel Blue Group expands Our…

Over 140 products in the company's range are now sustainable

September 20 2023

​Belgian chocolate brand Guylian…

The company has launched Dark Praliné Seashells in honour of the milestone

September 18 2023

​Japanese beauty brand SENSAI returns…

The company will showcase a selection of new launches and best-sellers at the show

September 18 2023

​EssilorLuxottica and Lagardère…

The animation highlights the VE4452 model from Versace’s Special Projects Collection

September 18 2023

​Mondelez WTR's Toblerone 'Bag…

This activation marks Mondelez WTR’s first ever corporate social responsibility (CSR) campaign in Asia Pacific

September 18 2023

Mars Wrigley ITR to showcase next…

The company will also share more about the introduction of their 100% Responsibly Sourced Cocoa logo within ITR.

Copyright 2023 DutyFree Magazine. All rights reserved. Privacy Policy Sitemap