Size L fits like on the model for 46-48. I bought it as a lightweight cardigan for cool weather, was very surprised by the quality, exactly like in the photo, if not better, the quality is quite acceptable, a warm enough sweater, even packaged in a branded bag. It's not even a shame that the price dropped further after purchase; I recommend it 200%.
P.S. Please don't close, I'll come back for more items.