Ermenegildo Zegna(ZGN)

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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 ...
Ermenegildo Zegna(ZGN) - 2023 Q2 - Quarterly Report
2023-09-14 16:00
Ermenegildo Zegna N.V. Semi-Annual Report At June 30, 2023 and for the six months ended June 30, 2023 and 2022 Exhibit 99.1 TABLE OF CONTENTS | | Page | | --- | --- | | BOARD OF DIRECTORS | 2 | | CERTAIN DEFINED TERMS | 2 | | INTRODUCTION | 3 | | CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | 4 | | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 6 | | Overview | 6 | | Results of Operations | 8 | | Results by Segment | 18 | | Liquidity and Capital Resources | 2 ...
Ermenegildo Zegna(ZGN) - 2023 Q2 - Earnings Call Transcript
2023-09-13 20:36
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(ZGN) - 2022 Q4 - Earnings Call Transcript
2023-04-06 17:43
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 ...
Ermenegildo Zegna(ZGN) - 2022 Q4 - Annual Report
2023-04-05 16:00
Exhibit 99.1 ERMENEGILDO ZEGNA GROUP REPORTS ROBUST FY2022 FINANCIAL RESULTS IN LINE WITH STRATEGIC PLAN April 6, 2023 – 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, today announced profit of €65.3 million for the year ended December 31, 2022. Adjusted EBIT for the period was €157.7 million, up 6% year-over-year and in line with the "moderate improvement" guidance the Group communicated on January ...