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Italy’s Zegna Group posts $1.four bn revenue, revises 2027 development targets

March 28, 2025
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Italy’s Zegna Group posts $1.four bn revenue, revises 2027 development targets


The Italian luxurious style home Ermenegildo Zegna NV has generated revenue of € 1.95 billion (~ $ 2.11 billion) in fiscal 12 months 2024 (FY24) that ended on December 31, reflecting a rise of two.2 % 12 months after 12 months (yoy) however an natural lower of 1.9 %. The gross acquire elevated to € 1.three billion (~ $ 1.four billion), with the margin improved to 66.6 %, pushed by the next proportion of direct gross sales to customers (DTC), which represented 78 % of the revenues of name merchandise.

As for the model, Zegna led with 1,163.7 million euros in income (+four.9 % 12 months -on -year and +5.5 % natural), adopted by Thom Browne at € 314.7 million (16.eight % 12 months -on -year), and Tom Ford modern € 314.5 million (+33.5 % yoy).

The Ermenegildo Zegna group has reported revenue of € 1.95 billion (~ $ 2.11 billion) in fiscal 12 months24, a rise of two.2 % 12 months -on -year, with a gross margin of 66.6 % pushed by robust DTC gross sales. Zegna led the model’s efficiency, whereas Thom Browne’s revenue decreased. The online revenue stood at € 90.9 million (~ $ 98.2 million). The group factors to revenue of € 2.2 2.four billion (~ $ 2.38– $ 2.59 billion) and € 250– € 300 million EBIT by 2027.

Group’s textile revenues decreased by eight.5 % to € 138.2 million, whereas different revenues fell 48.four % to € 15.5 million.

SG bills and elevated to € 1,008.three million (51.eight % of revenues), whereas advertising bills reached € 121.four million. Company prices amounted to 20.zero million euros within the fiscal 12 months24 in comparison with € 30.four million in fiscal 12 months 23. The lower is especially because of the lowest prices for brief and long run remuneration.

The group registered an operational acquire of € 166.9 million. Internet acquire decreased to € 90.9 million (~ $ 98.2 million) with a margin of four.7 %. This fall was influenced by an efficient efficient tax price of 30 % and elevated foreign money losses of 6.1 million euros because of the appreciation of the US greenback. The adjusted EBIT was € 184.zero million, with an adjusted Ebit margin of 9.5 %, stated Ermenegildo Zegna in a press launch.

“In 2024, we take decisive measures, strengthening our group and prioritizing investments which can be strategic in our manufacturers. Our Philiera–Our R&D energy–It’s nonetheless a driving drive for our group, feeding the innovation that distinguishes Zegna, Thom Browne and Tom Ford, “he stated Ermenegildo ‘Gildo’ Zegna, President and Government Director (CEO) of Zegna Group. “Zegna led this motion, promoted by the distinctive compromise of the model and the dedication of the administration to ship outcomes. Tom Ford Style has continued his journey in direction of the conclusion of his full potential with a transparent understanding of the important thing priorities. The current and acclaimed style present, the primary low Haider Ackermann, is intently aligned with this tackle and confirms that our means ahead is nicely outlined.” “.” “.” “.” “.” “.” “.”

“We maintained a extremely disciplined method, specializing in key tasks and investments that enhance the will for the model whereas guaranteeing strict value management. Thom Browne’s operational efficiency displays our strategic resolution to optimize the wholesale channel whereas reinforcing the shopper middle by way of DTC,” Zegna added.

Making an allowance for the present enterprise setting, Ermenegildo Zegna has reviewed its medium -term aims. By 2027, its goal is to make revenue between € 2.2 billion (~ $ 2.38 billion) and € 2.four billion (~ $ 2.59 billion), with an adjusted EBIT that’s projected that ranges from € 250 million to € 300 million.

“As we analyze extra in 2025, we acknowledge the significance of sustaining a cautious method and on the identical time we stay dedicated to delivering our tasks. Particularly within the present setting, defending the identification of our manufacturers stays our precedence. We’ll do it with self-discipline, agility and a powerful method to execute our imaginative and prescient whereas creating worth for our elements,” Zegna stated, stated Zegna.

Fiber2Fashion Information Desk (SG)



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