Morellato, Italian Jewelry and Watch Group, Nears €400 Million Revenue, Eyes Chinese Market

7月 14, 2023

Italian Jewelry and Watch Group Morellato recently unveiled its financial data for the 2022/23 fiscal year ending on February 23, 2023. The company reported a 17% growth in revenue to €392.5 million on a comparable basis, reaching €780 million when excluding the impact of the Christ Group acquisition. The adjusted EBITDA reached €95.5 million, with an adjusted EBITDA profit margin of 24.3%. All markets recorded double-digit growth compared to the previous fiscal year.
Benefiting from the acquisition of the Christ Group, Morellato attributed 71% of its overseas sales to foreign markets …

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