Exhibit 99.1 Ermenegildo Zegna N.V. Semi-Annual Report At June 30, 2023 and for the six months ended June 30, 2023 and 2022 ____________________________________________________________________________________________________ | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | TABLE OF CONTENTS | Page | | BOARD OF DIRECTORS | 2 | | CERTAIN DEFINED TERMS | 2 | ...

Financial Data and Key Metrics - Trade working capital increased by EUR148 million, with EUR86 million attributed to the consolidation of TOM FORD trade working capital as of June 2023 The remaining increase in inventory is considered healthy, driven by planned growth in the Essential Zegna One Brand collection products [1] - Revenue for the first half of 2023 increased by 239% year-over-year to EUR903 million, with organic growth accounting for 215% of this increase [82] - Adjusted EBIT rose by 45% year-over-year to EUR1199 million, with an adjusted EBIT margin of 133% [82] - The company reaffirmed its medium-term target of reaching EUR2 billion in revenue and an adjusted EBIT margin of at least 15% by 2025 [2] Business Line Performance - The Zegna segment recorded a 179% increase in revenues to EUR651 million, with adjusted EBIT up 478% to EUR1005 million and an adjusted EBIT margin of 154% [98] - The Thom Browne segment saw revenues increase by 119% to EUR208 million, with adjusted EBIT slightly down by 01% to EUR315 million due to costs associated with store network expansion [100] - TOM FORD FASHION, consolidated from April 28, contributed EUR64 million in revenue and EUR37 million in adjusted EBIT over two months [102] Market Performance - Growth by consumer nationality showed significant increases, with American, Middle Eastern, Latin American, and Southeast Asian customers doubling their spending compared to 2021 European customers also saw a significant step-up, though not doubling [13] - Chinese consumer spending was flat year-to-date compared to 2021, with softer performance in the third quarter, particularly in Tier 2 and 3 cities in Mainland China However, Hong Kong and Macau showed strong rebounds [14][17] - The American market remains resilient, with strong demand for Made-to-Measure products, which have exceeded 2019 levels [27] Strategic Direction and Industry Competition - The company is focused on expanding its store network and increasing store productivity, with seven new direct stores opened in the first half of 2023, including locations in New York, Copenhagen, and China [76] - Marketing investments are being prioritized, particularly for Zegna and TOM FORD FASHION, with increased spending expected in the second half of 2023 [95] - The company is leveraging partnerships, such as the one with Real Madrid, to enhance brand awareness and customer engagement [33] Management Commentary on Operating Environment and Future Outlook - Management remains positive on the mid- to long-term outlook for China, despite short-term softness in Mainland China, with strong performance in Hong Kong and Macau [17][51] - The company anticipates continued growth in the American market, driven by strong customer demand and new product launches [27] - The integration of TOM FORD FASHION is progressing well, with more details on the brand's potential to be shared at the upcoming Capital Markets Day in December [21] Other Important Information - The company will host its second Capital Markets Day on December 5 in New York, where it will provide updated medium- and long-term targets, including those for TOM FORD FASHION [5] - Marketing expenses are expected to increase by 05 percentage points or slightly more in the second half of 2023, driven by events in Singapore and Chengdu [23] Q&A Session Summary Question: Growth by consumer nationality excluding TOM FORD and Q3 trends - American, Middle Eastern, Latin American, and Southeast Asian customers have doubled their spending compared to 2021, while European customers saw a significant step-up Chinese spending is flat year-to-date, with softer performance in Q3, particularly in Tier 2 and 3 cities in Mainland China [13][14][17] - Marketing expenses are expected to increase by 05 percentage points or slightly more in H2, driven by events in Singapore and Chengdu [23] Question: Medium-term guidance and price mix impact - The company reaffirmed its medium-term target of at least 15% adjusted EBIT margin by 2025, with more details to be provided at the Capital Markets Day in December [38] - Price mix has been a significant driver of growth, with double-digit increases in average ticket prices due to product elevation and like-for-like price increases [36] Question: Real Madrid partnership and its impact - The partnership with Real Madrid is seen as a tool to enhance brand awareness and customer engagement, though quantifying incremental sales is challenging [33] Question: Softness in China and marketing expenses by brand - Softness in Mainland China is attributed to uneven performance across cities, with strong rebounds in Hong Kong and Macau Chinese spending outside China, particularly in Asia, remains below 2019 levels [51][55] - Marketing expenses are being prioritized for Zegna and Thom Browne, with significant investments in brand awareness and client-focused events [47][49]

Ermenegildo Zegna N.V. (NYSE:ZGN) Q4 2022 Earnings Conference Call April 6, 2023 8:30 AM ET Company Participants Francesca Di Pasquantonio - Director, Investor Relations Ermenegildo Zegna - Chairman and CEO Rodrigo Bazan - Chief Executive Officer, Thom Browne Gianluca Tagliabue - Chief Financial Officer and COO Conference Call Participants Susy Tibaldi - UBS Louise Singlehurst - Goldman Sachs Operator Hello, everyone, and welcome to the Ermenegildo Zegna Group Full Year 2022 Results. My name is Bruno, and I ...

Exhibit 99.1 ERMENEGILDO ZEGNA GROUP REPORTS ROBUST FY2022 FINANCIAL RESULTS IN LINE WITH STRATEGIC PLAN • 2022 profit of €65.3 million1 and Adjusted EBIT2 of €157.7 million demonstrate robust overall performance despite COVID-19- related impacts in the Greater China Region during the second and fourth quarters. • Cash Surplus2 was €122.2 million at December 31, 2022. • Double-digit revenue growth expected for the first quarter of 2023. FY2023 results expected to be on the trajectory to achieve €2 billion r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Ermenegildo Zegna Group 1H 2022 RESULTS August 26, 2022 1 DISCLAIMER Non-IFRS Financial Measures Zegna's management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: adjusted earnings before interest and taxes ("Adjusted EBIT"), Adjusted EBIT Margin, Adjusted Profit/(Loss), Adjusted Basic Earnings per Share and Adjusted Diluted Earnings Per Share, Net Financial Indebtedness/(Cash Surplus) and Trade Working Capital. Zegna's management believes tha ...

Ermenegildo Zegna N.V. (NYSE:ZGN) Q2 2022 Earnings Conference Call August 26, 2022 8:00 AM ET Company Participants Francesca Di Pasquantonio - Director, Investor Relations Ermenegildo Zegna - Chairman and CEO Gianluca Tagliabue - Chief Financial Officer and COO Rodrigo Bazan - Chief Executive Officer, Thom Browne Conference Call Participants Susy Tibaldi - UBS John Guy - Jeffries Operator Hello, everyone. And warm welcome to todayÂ's Ermenegildo Zegna Group First Half Results Webcast. My name is Melissa, an ...

Ermenegildo Zegna N.V. (NYSE:ZGN) Q4 2021 Earnings Conference Call April 7, 2022 8:00 AM ET Company Participants Francesca Di Pasquantonio - IR Ermenegildo Zegna - CEO and Chairman Gianluca Ambrogio Tagliabue - COO and CFO Rodrigo Bazan - CEO, Thom Browne Conference Call Participants Karina Shooter - Goldman Sachs Rogerio Fujimori - Stifel Operator Hello, and welcome to the Ermenegildo Zegna Full Year 2021 Financial Results Call. My name is Alex and I'll be coordinating the call today [Operator Instructions ...

Ermenegildo Zegna Group 1 FY 2021 RESULTS April 7, 2022 Ermenegildo Zegna Group DISCLAIMER Non-IFRS Financial Measures Zegna's management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: adjusted earnings before interest and taxes ("Adjusted EBIT"), adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), Adjusted Profit/(Loss), Adjusted Basic Earnings per Share and Adjusted Diluted Earnings Per Share, Net Fin ...