Less good quarter for Marcolin

november 15, 2012

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Marcolin recently announced that its major shareholders will sell their shares to PAI Partners. This week the company published its figures for the third quarter and the first nine months of this year. Sales in the third quarter, compared to the same period last year, decreased with 6% and with even more as 10% at constant exchange rates. In the first nine months sales decreased with 3,6%. Sales in Europe decreased with 14,5%. Sales in the U.S.A. increased with 14% but sales in both Asia and the rest of the world showed only limited increases. The press release mentions that all license agreements will be continued even when PAI partners becomes the new owner however the company negotiates with TOD’s about reducing the minimum amount of royalties and the change of the HOGAN license into a supply agreement.

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