Financial results of the Ermenegildo Zegna Group
The Ermenegildo Zegna group concluded the year 2024 with an increase in revenues of 2.2%, reaching a total of 1.946 billion euros compared to the previous year. This result represents a positive sign for the brand, which continues to strengthen its position in the luxury market.
Growth in the fourth quarter
The fourth quarter was particularly significant, during which revenues reached 589 million euros, an increase of 3.3% compared to the previous quarter. This increase was supported by strong demand, especially in the US market and in the EMEA area, where the brand has seen robust organic growth
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The contribution of the Zegna brand
The Zegna brand played a crucial role in the group’s success, with revenues reaching 353.1 million euros in the fourth quarter, showing a significant increase of 8.4% compared to the same period of the previous year. This result was mainly fueled by the strong performance of the direct-to-consumer (DTC) channel, which has proven to be a fundamental growth engine for the brand
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Future Perspectives
Looking to the future, the Ermenegildo Zegna group seems well positioned to continue growing. The expansion strategy in key markets and the emphasis on quality and craftsmanship of the products are elements that could help to maintain the positive trend. As demand in the luxury sector increases, Zegna could benefit from additional growth opportunities in the coming years
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Global economic situation
In a wider economic context, it is interesting to note that the Chinese stock markets closed lower due to negative data on manufacturing production, while Hong Kong showed a positive trend. The Shanghai Composite Index fell by 0.06% and that of Shenzhen by 1.30%, while the Hang Seng in Hong Kong gained 0.66%. These developments could influence the market strategies of companies, including Zegna, which operates globally
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