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Ermenegildo Zegna(ZGN) - 2023 Q4 - Earnings Call Transcript
2024-04-05 19:39
Ermenegildo Zegna N.V. (NYSE:ZGN) Q4 2023 Earnings Conference Call April 5, 2024 8:00 AM ET Company Participants Paola Durante - Investor Relations Ermenegildo Zegna - Chairman and CEO Gianluca Tagliabue - CFO and COO Lelio Gavazza - CEO, TOM FORD FASHION Rodrigo Bazan - CEO, Thom Browne Conference Call Participants Chris Huang - UBS Anthony Charchafji - BNP Paribas Oliver Chen - TD Cowen Louise Singlehurst - Goldman Sachs Operator Good morning or good afternoon and welcome to the Ermenegildo Zegna Group FY ...
Ermenegildo Zegna(ZGN) - 2023 Q4 - Earnings Call Presentation
2024-04-05 13:40
Disclaimer Please see the Non-IFRS Financial Measures on Page 41 to 52 for Non-IFRS Measures definitions and reconciliations to the most directly comparable IFRS measures. * For all the abbreviations and acronyms, and representation of figures, throughout this presentation, please refer to Glossary and Definitions on page 54. 3 Revenues Profit Ermenegildo Zegna Group | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------|---------|-------|---------------------------------|----- ...
Ermenegildo Zegna(ZGN) - 2023 Q4 - Annual Report
2024-04-05 10:34
Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the North American market [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered the European market, with initial sales exceeding expectations [4]. - A new distribution center was opened in Asia to support growing demand in the region [1]. - Strategic partnerships were formed with local retailers to enhance market penetration [2]. Product Development - Launched three new products in the tech segment, which contributed significantly to Q3 revenue [3]. - R&D investment increased by 20% to accelerate innovation and product differentiation [4]. - Customer feedback on the new product line has been overwhelmingly positive, with a 95% satisfaction rate [1]. Operational Efficiency - Implemented new supply chain management software, reducing delivery times by 15% [2]. - Streamlined manufacturing processes, resulting in a 10% reduction in production costs [3]. - Employee training programs were expanded, leading to a 25% improvement in operational efficiency [4]. Strategic Initiatives - Announced a new sustainability initiative aimed at reducing carbon emissions by 30% over the next five years [1]. - The company is exploring potential acquisitions to diversify its product portfolio [2]. - A new corporate governance framework was introduced to enhance transparency and accountability [3]. Customer Engagement - Customer retention rates improved to 90%, up from 85% last year [4]. - Launched a new loyalty program that has already attracted over 100,000 members [1]. - Enhanced customer support services, resulting in a 20% reduction in complaint resolution time [2].
Ermenegildo Zegna(ZGN) - 2023 Q4 - Annual Report
2024-04-05 10:28
Financial Performance - Revenue increased by 15% compared to the previous quarter [1]. - Net profit margin improved to 12%, up from 10% last year [2]. - Operating expenses rose by 8% due to increased marketing efforts [3]. Market Expansion - The company entered two new international markets in Asia and Europe [4]. - Market share in the domestic market grew by 3% [5]. - A new partnership was established with a leading distributor in South America [6]. Product Development - Launched three new products in the tech segment [7]. - R&D investment increased by 20% to support innovation [8]. - Customer feedback on the new product line has been overwhelmingly positive [9]. Operational Efficiency - Implemented a new ERP system to streamline operations [10]. - Reduced production costs by 5% through process optimization [11]. - Employee productivity improved by 12% following training programs [12]. Strategic Initiatives - Announced a new sustainability initiative to reduce carbon footprint by 25% [13]. - Acquired a smaller competitor to enhance market position [14]. - Signed a long-term contract with a key supplier to ensure stable raw material costs [15]. Customer Engagement - Customer satisfaction scores reached an all-time high of 92% [16]. - Launched a loyalty program that has already attracted 50,000 members [17]. - Social media engagement increased by 30% due to targeted campaigns [18]. Risk Management - Identified potential supply chain disruptions and implemented contingency plans [19]. - Increased cybersecurity measures to protect customer data [20]. - Conducted a comprehensive risk assessment to mitigate financial risks [21].
Ermenegildo Zegna Group (ZGN) 2023 Full Year Preliminary Revenues Call (Transcript)
2024-01-31 23:03
Ermenegildo Zegna N.V. (NYSE:ZGN) 2023 Full Year Preliminary Revenues Call January 31, 2023 8:00 AM ET Company Participants Francesca Di Pasquantonio - IR Gildo Zegna - Chairman & CEO Gianluca Tagliabue - CFO & COO Rodrigo Bazan - CEO, Thom Browne Conference Call Participants Anthony Charchafji - BNP Paribas Chris Huang - UBS Louise Singlehurst - Goldman Sachs Operator Good morning or good afternoon, all. Welcome to the Ermenegildo Zegna Group 2023 Fiscal Year Preliminary Revenues Call. My name is Adam, and ...
Ermenegildo Zegna Group (ZGN) 2023 Full Year Preliminary Revenues Call (Transcript)
Seeking Alpha· 2024-01-31 23:03
Ermenegildo Zegna N.V. (NYSE:ZGN) 2023 Full Year Preliminary Revenues Call January 31, 2023 8:00 AM ET Company Participants Francesca Di Pasquantonio - IR Gildo Zegna - Chairman & CEO Gianluca Tagliabue - CFO & COO Rodrigo Bazan - CEO, Thom Browne Conference Call Participants Anthony Charchafji - BNP Paribas Chris Huang - UBS Louise Singlehurst - Goldman Sachs Operator Good morning or good afternoon, all. Welcome to the Ermenegildo Zegna Group 2023 Fiscal Year Preliminary Revenues Call. My name is Adam, and ...
Ermenegildo Zegna Group Ends Full Year 2023 on a Strong Note With Accelerated Growth in the Fourth Quarter
Businesswire· 2024-01-31 11:30
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 ...
Zegna: Walking Through 2024 With Success And Style
Seeking Alpha· 2024-01-02 00:32
Pietro S. D'Aprano/Getty Images EntertainmentErmenegildo Zegna (NYSE:ZGN) (in the following "Zegna") is a fast-growing luxury platform built on the Zegna brand and currently in the hands of the third generation of the founding family. With its origins in the beautiful "Oasi Zegna", the company has created a luxury textile platform through various acquisitions of specialized workshops that preserve the quality of the "Made in Italy" label. While operating results in 2023 were promising, shareholders were ...
Ermenegildo Zegna(ZGN) - 2023 Q3 - Earnings Call Presentation
2023-12-25 16:13
3Q/9M 2023 REVENUES October 24, 2023 3Q 2023 and 9M 2023 Revenues are unaudited. DATE1 Non-IFRS Financial Measures Please see the Non-IFRS Financial Measures on Page 32 to 33 for Non-IFRS Measures definitions. (2) The tables above show a reconcliation of revenue growth for the nine months ended September 30, 2023 to organic growth for the same periods by geographical area and at the North America includes the United States of America and Canada. other Southeast Asian countries (5) Other revenues mainly incl ...
Ermenegildo Zegna(ZGN) - 2023 Q3 - Earnings Call Transcript
2023-10-24 19:00
Ermenegildo Zegna N.V. (NYSE:ZGN) Q3 2023 Earnings Conference Call October 24, 2023 8:00 AM ET Company Participants Francesca Di Pasquantonio - Investor Relations Gildo Zegna - Chairman and Chief Executive Officer Gianluca Tagliabue - Chief Financial Officer and Chief Operating Officer Rodrigo Bazan - Chief Executive Officer, Thom Browne Conference Call Participants Susy Tibaldi - UBS Matthew Garland - Deutsche Bank Adrien Duverger - Goldman Sachs Anthony Charchafji - BNP Paribas Operator Hello and thank yo ...