Welcome to our dedicated page for Ermenegildo Zegna N.V. news (Ticker: $ZGN), a resource for investors and traders seeking the latest updates and insights on Ermenegildo Zegna N.V. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ermenegildo Zegna N.V.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ermenegildo Zegna N.V.'s position in the market.
Rhea-AI Summary
Ermenegildo Zegna Group reported Q1 2024 revenues of €463 million, up 8% YoY, driven by the Zegna brand and the integration of Tom Ford Fashion. The Zegna segment performed well, led by the ZEGNA brand, with strong Direct-to-Consumer (DTC) channel growth. The Americas were the top-performing geographical area. Despite a decline in organic growth due to Thom Browne underperformance, the company remains optimistic about its long-term prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
-
News
Rhea-AI Summary
Ermenegildo Zegna N.V. (ZGN) reports a profit of €135.7 million for FY 2023, up 107.8% from FY 2022, with a profit margin of 7.1%. Adjusted EBIT rose to €220.2 million with an Adjusted EBIT Margin of 11.6%. The Group achieved its sustainability targets for FY 2023 and saw significant improvements in the Zegna and Thom Browne segments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.41%
Tags
-
Rhea-AI Summary
Ermenegildo Zegna N.V. (NYSE:ZGN) reported a 27.6% increase in revenues for FY 2023, reaching €1.9 billion, with an organic growth rate of 19.3%. 4Q 2023 revenues reached €570 million, up 40.1% year-over-year, with an organic growth rate of 19.6%. The Zegna Group also announced various business expansions and partnerships, including a renewal of its eyewear licensing agreement with Marcolin and direct operations in South Korea.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.09%
Tags
Rhea-AI Summary
Ermenegildo Zegna N.V. (NYSE:ZGN) unveiled its updated medium-term financial objectives at the second Capital Markets Day at the New York Stock Exchange. The company aims for over 10% compounded annual growth in revenues and around 20% in Adjusted EBIT, with a strong Cash Surplus. The company sees positive momentum across brands and shares the business strategy for Tom Ford Fashion, expecting revenues to grow at a compounded average rate of over 10% in the medium term.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
-
Rhea-AI Summary
Ermenegildo Zegna N.V. (NYSE:ZGN) announced unaudited revenues of €431 million for Q3 2023, up 20.8% YoY. Revenues for the first nine months of 2023 reached €1.33 billion, up 22.9% YoY. Zegna is taking over retail distribution of the ZEGNA brand in South Korea in 2024. The company's leadership team is looking forward to presenting updated financial goals at their second Capital Markets Day in December.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.88%
Tags
-
Rhea-AI Summary
Ermenegildo Zegna N.V. announces a profit of €52.1 million and a profit margin of 5.8% for H1 2023, with Adjusted EBIT of €119.9 million and an Adjusted EBIT Margin of 13.3%. Revenues increased by 23.9% to €903.1 million. The company reaffirms its mid-term targets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.77%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.9%
Tags
-
Rhea-AI Summary
Ermenegildo Zegna N.V. (NYSE: ZGN) appoints Lelio Gavazza as the CEO of TOM FORD FASHION, effective September 18, 2023. Gavazza will oversee all aspects of the TOM FORD FASHION business, bringing over twenty years of global luxury and luxury distribution experience from LVMH Group, including key regional leadership roles at Bulgari. The appointment aims to elevate TOM FORD FASHION to the next level in global luxury, aligning with the holistic luxury strategy for the brand.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
Tags
-
Rhea-AI Summary
Ermenegildo Zegna N.V. announces convocation notice for Annual General Meeting on June 27, 2023. Board of Directors recommends a distribution of EUR 0.10 per share from retained earnings for 2022, totaling approximately EUR 25 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.3%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
Ermenegildo Zegna N.V.
NYSE:ZGN
ZGN Rankings
ZGN Stock Data
3.21B
59.07M
75.73%
16.52%
0.68%
Hosiery and Sock Mills
Manufacturing
United States of America
Milano
About ZGN
founded in 1910 in trivero, italy by ermenegildo zegna, the zegna group designs, creates, and distributes luxury menswear and accessories under the zegna brand, as well as womenswear, menswear, and accessories under the thom browne brand. through its luxury textile laboratory platform – which works to preserve the made in italy artisanal mills producing the finest italian fabrics – the zegna group manufactures and distributes the highest quality fabrics and textiles. group products are sold through over 500 stores in 80 countries around the world, of which 297 are directly operated by the group as of december 31, 2021 (245 zegna stores and 52 thom browne stores). over the decades, zegna group has charted our road: a unique path that winds itself through era-defining milestones that have seen the group grow from a producer of superior wool fabric to a global luxury group. our road has led us to new york, where the group has been listed on the new york stock exchange since december 20, 2