Zegna Group news and archive

Ermenegildo Zegna Group's profit doubles in FY23

Ermenegildo Zegna Group announced a profit of 135.7 million euros for FY 2023, up 107.8 percent versus FY 2022, and a profit margin of 7.1 percent compared to 4.4 percent in the previous year. Revenues for the year under review of 1,904.5 million euros, increased 27.6 percent or 19.3 percent on an organic basis. Commenting on the company’s...

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Zegna Group profits widen, revenue up 23.9 percent

Thom Browne parent Zegna Group saw its profits more than double in the first half of the year. The group made a profit of 52.1 million euros in the six months ended June 30, up from 21 million euros the prior year. That came as revenue jumped 23.9 percent to 903.1 million euros, with the group citing an “outstanding” performance in the US and...

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Zegna Group posts strong revenue growth in FY22

In the fourth quarter, Zegna Group generated revenues of 407 million euros, a 0.5 percent decrease, bringing total revenues for FY 2022 to 1,493 million euros, up 15.5 percent. At cFX, revenues grew 11 percent and declined 2.9 percent in FY 2022 and in the fourth quarter, respectively. The group expects a moderate improvement in adjusted EBIT...

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Zegna communications director to step down

PR and communications director of the Zegna Group Domenico Galluccio has announced his intention to step down from the company to pursue a new opportunity. The news was revealed via an internal memo by the group’s chief marketing and sustainability officer Edoardo Zegna, which was acquired by FashionUnited. Galluccio will be departing from...

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Zegna Group posts strong first half

Ermenegildo Zegna N.V. has announced revenues of 729 million euros for the six months ended June 30, 2022, up 21 percent and profit of 21 million euros down 35 percent, while adjusted profit was 22.8 million euros. In the second quarter, sales rose by 16 percent to 351.4 million euros. Commenting on the trading update, Ermenegildo “Gildo” Zegna,...

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Zegna Group aims to exceed revenue target of 2 billion euros

With regards to medium-term financial goals, Ermenegildo Zegna N.V. aims to exceed revenues 2 billion euros and for adjusted EBIT as a percentage of revenues to reach at least 15 percent. The group expects an increase in store productivity and continuing positive development of the price/mix to be key drivers of the top line, reflecting...

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Zegna Group Q1 revenue up 25 percent, reaffirms FY outlook

Thom Browne parent company Zegna Group has reaffirmed its outlook for fiscal year 2022 after reporting revenue growth across geographies in the first quarter. The NYSE-listed group reported unaudited Q1 revenue of 377.6 million euros, an increase of 25.4 percent from a year earlier as it continued its focus on luxury leisurewear. Revenue at the...

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Zegna Group posts increase in FY21 revenues and adjusted profit

Ermenegildo Zegna N.V. reported adjusted EBIT of 149 million euros, with an incidence on revenues of 11.5 percent, above the guidance of around 10 percent published on February 1, 2022. The company said, diluted Loss per share was 0.67 euros and adjusted diluted earnings per share were 0.33 euros. Revenues increased 27 percent year-over-year,...

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Zegna Group 2021 sales boosted by US and China

Thom Browne parent company Zegna Group saw an increase in full-year sales in 2021 boosted by “significant growth” in the US and China. The Italian luxury group, which late last year floated on the New York Stock Exchange, said sales increased to 1.29 billion euros in 2021, a 27 percent increase from the prior year, but still 2 percent below...