Italian leathergoods company Coccinelle registered a +13% year-on-year increase in revenue in the first nine months of 2024, accompanied by strong EBITDA growth.
The healthy performance during the period was reflected across all distribution channels and geographies.
Coccinelle said it is on track to hit more than €100 million in annual revenue for the first time in 2024.
In travel retail, the company achieved strong growth for the January to September period, marked by openings at airports including Vienna, Almaty and Belgrade.
The company is expanding its presence in the channel with additional openings at airports and cruise ship locations by year-end, further supporting its global expansion efforts.
Overall Europe emerged as the best-performing region, achieving +15% sales growth year-on-year, with Italy the leading market at 44% of the business, bolstered by the brand’s robust presence across direct and indirect channels. Germany, Austria, and Eastern Europe also posted steady growth.
Asia accounted for 10% of the company’s sales, maintaining a stable performance year-on-year.
As part of its strategic push into the Asian market, the company recently enhanced its regional presence with the reopening of its stores at the Daimaru Department Store in Shanghai and at Central World Mall boutique in Bangkok.
Coccinelle saw notable growth in the Middle East, with a boutique opening at The Galleria Al Maryah Island Mall in Abu Dhabi, reinforcing the brand’s presence in this strategically important region.
The company’s ecommerce business continues to be a major growth driver, accounting for 6% of total revenue. The figure exceeds 20% when including online distribution through wholesale channels.
Its online sales platform recorded +10% year-on-year growth. The brand operates in 45 countries, with 120 monobrand stores and around 1,300 sales points across major department stores, upscale multibrand retailers and multiple travel retail locations.
As part of its 2025 strategy, the brand aims to reinforce its presence through new openings, global restyling, targeted employee training via the Retail Academy and expansion projects in Japan and Dubai in H1.
Looking ahead, the company is set to reveal key product innovations next year, including the C-ME model and the celebrations for the tenth anniversary of its Arlettis line, alongside special projects and collaborations. ✈
