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.
Ermenegildo Zegna N.V. reports developments for a global luxury fashion group built around the ZEGNA, Thom Browne, and TOM FORD FASHION brands. News commonly covers revenue and profit updates, brand-level performance, direct-to-consumer and wholesale channel trends, and geographic results across major luxury markets.
The company’s updates also address its high-end menswear position, textile and manufacturing capabilities within its integrated Filiera, retail network investments, capital-structure items such as dividends, and governance matters tied to leadership structure and shareholder voting.
Ermenegildo Zegna N.V. (NYSE:ZGN) reported strong 2021 results, exceeding its financial Plan by achieving €1,292 million in revenues, up 27% from 2020. Adjusted EBIT reached €149 million, with a margin of 11.5%, surpassing guidance. However, the company recorded a net loss of €128 million due to non-cash adjustments, leading to an adjusted diluted loss per share of €0.67. For 2022, Zegna confirmed a positive outlook with low-teens revenue growth and improved EBIT.
Ermenegildo Zegna N.V. (NYSE: ZGN) will release its full year 2021 financial statements on April 6, 2022, after market close. A conference call is scheduled for April 7, 2022, at 8:00 a.m. ET to discuss the results and 2022 guidance. The company will conduct a Capital Markets Day on May 17, 2022, with details available on their investor relations website. Webcast access will be provided during the conference call, and an archive will be available for twelve months.
Ermenegildo Zegna N.V. (NYSE: ZGN) reported preliminary revenues for FY 2021 of €1,292 million, a 27% increase year-over-year. Zegna branded products grew 33% to €847 million, while Thom Browne saw a 47% increase, reaching €263 million. The Group's retail revenues grew by 39% to €851 million. Adjusted EBIT margin for 2021 is projected at around 10%. For 2022, the company expects continued revenue growth in the low-teens and further improvement in the adjusted EBIT margin. The 2022 collections will mark the last use of fur for both Zegna and Thom Browne.
Ermenegildo Zegna N.V. (NYSE: ZGN) will report its unaudited revenues for full-year 2021 on February 1, 2022, at 6:30 a.m. ET. A conference call discussing the results, trends, and 2022 guidance will follow at 8:30 a.m. ET. A slide presentation will accompany the call, available on the Company's Investor Relations website. Participants can join via various dial-in options provided, with an access code of 170714. An online archive of the call will be available for 12 months afterward.
Zegna Group will begin trading on the NYSE under the new ticker symbol ZGN on December 20, 2021, following its merger with Investindustrial Acquisition Corp. (IIAC). The transaction provides approximately $761 million in gross proceeds and gives the merged entity an initial enterprise value of $3.1 billion and market capitalization of $2.4 billion. The Zegna family retains a 66% stake, while Investindustrial holds around 13%. This strategic merger aims to enhance Zegna's market presence and sustainability initiatives.