By  on September 2, 2009

MILAN — Marcolin SpA’s first-half financial results showed the Italian eyewear maker is weathering the difficult economy as the firm posted a net profit of 7.1 million euros, or $9.4 million, a slight decrease from profits of 7.5 million euros, or $9.9 million, in the same period last year. But sales in the first six months dropped 7.2 percent to 100 million euros, or $133 million.

Managing director and general manager Massimo Saracchi underscored that Marcolin remains profitable despite the recession. “Considering the continuing factors of uncertainty surrounding international markets, casting a shadow over short-term forecasts, we are braced for a particularly challenging third quarter with a recovery during the fourth,” said Saracchi. The executive also noted new eyewear collections under the Tod’s and Hogan brands will bow for spring-summer 2010 and will be launched in the fourth quarter. Revenues from these brands will appear in the fourth quarter.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus