The Italian teamwear brand’s revenues were up 14% last year, hitting a record €223.6 million ($243.7 mm) over €196.6 million, as pro forma EBITDA rose 33% to €45.1 million ($49.2 mm) against €33.8 million. EBITDA margin expanded 300 b.p. to 20.2% from 17.2%. International sales accounted for 79% of the top line, as the home Italian market and the UK each penetrated at 21%, the balance of Europe at 36%, and the rest of the world at 22%. The company pointed to its multi-sport, multi-country strategy in the international results, ... Log in to view full article.