MILAN — Proving the resilience of the eyewear sector against a dampened macroeconomic landscape and downturn in luxury spending, revenues and profitability at Italian eyewear player Marcolin in the first half of 2025 were mostly flat.

In the six months ended June 30, the Longarone, Italy-based company posted net sales of 295.7 million euros, down 0.6 percent at current exchange rates but up 0.3 percent in comparable terms, versus the first half of 2024.

These were mainly driven by the Europe, Middle East and Africa region, which contributed to the performance with a 7.3 percent jump in revenues at current exchange rates to 161.3 million euros. Meanwhile the Americas dropped 7.4 percent to 98.7 million euros compared to the first half of 2024.

The company, which is privately owned, didn’t disclose the revenue breakdown for the Asia-Pacific area beyond saying that it continues to “represent a high potential area for the group, despite temporary deceleration attributable to different sourcing timing from large distributors, still recovering from the first quarter 2025.”

The ongoing disruptions caused by geopolitical instability and shifting consumption patterns didn’t dent the eyewear player’s profitability, as it posted earnings before interest, taxes, depreciation and amortization of 52.3 million euros, or 17.7 percent of sales, substantially in line with EBITDA in the first half of 2024.

In the first half, the company announced the renewals of key agreements with Max Mara, Guess, Adidas and Gant. As reported in May, it also inked a new four-year licensing agreement with Rag & Bone for the design, production and distribution of the brand’s new line of premium sun and optical glasses.

Other brands in the Marcolin’s licensing portfolio include Tom Ford, Zegna, Christian Louboutin, MCM, Pucci, Timberland and K-Way, to name a few.

As of June 30, the net adjusted financial position stood at 323.1 million euros, in line with the figure reported in 2024 year-end results.

Marcolin’s first-half performance reflects the eyewear sector’s resilience and ability to buck the downturn.

By comparison, Kering said Tuesday that its Kering Eyewear and corporate division posted a 3 percent increase in second-quarter organic sales, outperforming the French group’s luxury brands that mostly experienced sales declines in the three months to June 30.

On Monday, eyewear juggernaut EssilorLuxottica reported that adjusted revenues in the first half of 2025 were up 5.5 percent at current exchange rates to 14.02 billion euros. They jumped 7.3 percent at constant exchange rates, driven by the direct-to-consumer business and growth in sales of smartglasses. The French Italian group’s operating profit amounted to 2.53 billion euros in the first half, with the adjusted operating margin stable at 18.3 percent of sales.