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Stock impact report

Ermenegildo Zegna Group Ends Full Year 2023 on a Strong Note With Accelerated Growth in the Fourth Quarter [Yahoo! Finance]

Ermenegildo Zegna N.V. (ZGN) 
Company Research Source: Yahoo! Finance
Revenues for 4Q 2023 reach €570 million, up 40.1% year-over-year, with an organic 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, January 31, 2024 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 basis , 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, Chairman and CEO of the Zegna Group, said: "I am very proud of the Group's success Show less Read more
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