Marcolin: Positive Performance in First 9 Months of 2022
Wednesday, November 9 2022 | 15 h 09 min | Financial News, Press Release
Marcolin’s Board of Directors approved on November 3rd the economic and financial results as of September 30, 2022.
In the first nine months of 2022, net sales rose by 21.0% based on current exchange rates compared to the same period of 2021 (increase of 13.9% at constant exchange rates), amounting to €409.7 million.
Compared to the same period of the previous year, sales increased in all geographical areas(figures at current exchange rates), notably in EMEA (+22.2%) and the Americas (+19.6%), which together account for more than 90% of net sales.
Adjusted EBITDA amounted to €50.5 million (equal to 12.3% of net sales), up compared to €42.0 million in the previous year. The trend in the adjusted EBITDA marginwas equally positive, standing at 12.3% of net sales.
These results were achieved thanks to an excellent sales mix, both in terms of brands and distribution channels, and the continuous effort on production and distribution efficiency, despite the increase in inflation which mainly impacted transportation and electricity costs.
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