Ermenegildo Zegna Group Revenues¹ Reach €1.4B in the First Nine Months of 2024. Zegna Brand Continued to Grow Driven by DTC.
Ermenegildo Zegna N.V. (ZGN)
Company Research
Source: Business Wire
9M 2024 revenues grew 2% Year-on-Year (YoY), +3% at constant currency and -4% organic2.Q3 2024 revenues were €397 million, -8% YoY, -6% constant currency and -7% organic:ZEGNA brand recorded a positive performance of +1% YoY and +3% organic.Positive DTC performance (+1% YoY and organic) was mainly driven by ZEGNA DTC supported by double-digit growth in the Americas and EMEA.The Americas, EMEA, and Japan outperformed the other regions. MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or the “Group”) today announced unaudited revenues of €1,357.4 million for the first nine months of 2024, +1.7% YoY from €1,334.2 million in the first nine months of 2023 (-4.0% organic). In the third quarter of 2024 revenues reached €397.3 million, -7.8% YoY and -6.7% organic.Ermenegildo “Gildo” Zegna, Chairman and CEO of the Ermenegildo Zegna Group, said: “The first nine months of 2024 saw our reven
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News
- Ermenegildo Zegna (NYSE: ZGN) is now covered by analysts at Morgan Stanley. They set an "underweight" rating and a $7.20 price target on the stock.MarketBeat
- Zegna's controlling family shareholder raises stake in group [Yahoo! Finance Canada]Yahoo! Finance Canada
- Zegna's controlling family shareholder raises stake in group [Yahoo! Finance]Yahoo! Finance
- Monterubello, Ermenegildo Zegna Group’s Controlling Shareholder, Purchased 913,000 Shares and Intends to Acquire Additional 2 Million SharesBusiness Wire
- Ermenegildo Zegna (NYSE:ZGN) Eyes Expansion with Strong Earnings Growth and Strategic Management [Yahoo! Finance]Yahoo! Finance
ZGN
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 6-K
- 10/22/24 - Form 6-K
- ZGN's page on the SEC website