Ermenegildo Zegna Group Ends Full Year 2023 on a Strong Note With Accelerated Growth in the Fourth Quarter
Ermenegildo Zegna N.V. (ZGN)
Company Research
Source: Business Wire
Revenues1 for FY 2023 reach €1.9 billion, up 27.6% year-over-year, with an organic2 growth rate of 19.3%.Revenues1 for 4Q 2023 reach €570 million, up 40.1% year-over-year, with an organic2 growth rate of 19.6%, accelerating from 11.3% in 3Q 2023.Strong revenue growth in both ZEGNA and Thom Browne direct-to-consumer channels thanks to robust demand across both brands. MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (“Zegna Group,” the “Group,” “Zegna,” or the “Company”), owner of the ZEGNA and Thom Browne brands and exclusive licensee for the Tom Ford Fashion business, today announced preliminary unaudited revenues of €1.9 billion for the full year 2023, up 27.6% year-over-year and up 29.7% year-over-year on a constant currency basis3, with an organic growth rate of 19.3%. Revenues for the fourth quarter of 2023 were €570 million, up 40.1% year-over-year and up 42.9% year-over-year on a constant currency basis, with an organic growth rate of 19.6%.Ermenegildo “Gildo” Zegna
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News
- Revenues at Zegna drop 5% in Q1, dragged by Thom Browne brand [Reuters]Reuters
- Ermenegildo Zegna Group Reported Q1 2024 Revenues of €463 Million1, up 8%2 YoY, Driven by Zegna Brand and the Integration of Tom Ford Fashion [Yahoo! Finance]Yahoo! Finance
- Ermenegildo Zegna Group Reported Q1 2024 Revenues of €463 Million¹, up 8%² YoY, Driven by Zegna Brand and the Integration of Tom Ford FashionBusiness Wire
- Armani 'Doesn't Rule Out' Merger or IPO In Succession Plan [Yahoo! Finance]Yahoo! Finance
- Armani 'Doesn't Rule Out' Merger or IPO In Succession Plan [BNN Bloomberg (Canada)]BNN Bloomberg
ZGN
Sec Filings
- 4/23/24 - Form 6-K
- 4/15/24 - Form 6-K
- 4/9/24 - Form 144
- ZGN's page on the SEC website