Ermenegildo Zegna N.V.

ZGN

Equity

ISIN NL0015000PB5 / Valor 115546484

New York Stock Exchange, Inc (2024-12-11)

USD 8.55+0.59%

Ermenegildo Zegna N.V.
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About company

Ermenegildo Zegna N.V. is a global luxury fashion house known for its men's clothing and accessories.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Ermenegildo Zegna N.V. reported a significant increase in revenue for the first quarter of 2023, reaching €1.9 billion. This marks a 28% growth compared to the €1.5 billion reported in the same period of 2022, showcasing the company's strong market performance and strategic growth initiatives.

Adjusted EBIT

In the first quarter of 2023, Ermenegildo Zegna N.V. achieved an adjusted EBIT of €220 million, up from €158 million in the first quarter of 2022. The adjusted EBIT margin also improved, reaching 11.6% compared to 10.6% in the previous year, indicating enhanced operational efficiency.

Net Profit

Ermenegildo Zegna N.V. more than doubled its net profit in the first quarter of 2023, recording consolidated profits of €136 million. This is a substantial increase from the €65 million net profit reported in the first quarter of 2022, reflecting the company's robust financial health and profitability.

Brand Performance

The ZEGNA brand, a key component of Ermenegildo Zegna N.V., generated revenues of €1.1 billion in the first quarter of 2023. This represents a 20% increase compared to the same period in 2022, driven by the successful execution of its One Brand strategy globally.

Thom Browne's Growth

Thom Browne, part of Ermenegildo Zegna N.V., celebrated its 20th anniversary with impressive financial results in the first quarter of 2023. The brand achieved revenues of €378 million, a 15% increase compared to the first quarter of 2022, highlighting its strong market presence and growth potential.

Summarized from source with an LLMView Source

Key figures

-27.5%1Y

%3Y

%5Y

Performance

37.6%1Y

38.1%3Y

38.1%5Y

Volatility