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Italy's Ermenegildo Zegna expects to exceed 2 bn in revenue by FY25

01 Aug '23
1 min read
Pic: Jaggat Rashidi / Shutterstock.com
Pic: Jaggat Rashidi / Shutterstock.com

Insights

  • Italian fashion house Ermenegildo Zegna anticipates €2 billion in annual revenues and a 15 per cent adjusted EBIT margin, excluding Tom Ford Fashion, by fiscal 2025 (FY25).
  • The company's revenues in the first half of fiscal 2023 (H1 FY23) show the group is on track to meet its goals, assuming no major geopolitical or pandemic-related disruptions.
Ermenegildo Zegna Group, a global leader in luxury menswear, has outlined its financial goals for the medium term, targeting the end of the fiscal 2025 (FY25). The group aims to exceed annual revenues of €2 billion and achieve an adjusted EBIT margin of at least 15 per cent, excluding the Tom Ford Fashion segment.

The company's first half (H1) FY23 revenues indicate that the group is already on track to meet these ambitious goals, Ermenegildo Zegna Group said in a press release.

However, these medium-term targets assume a stable geopolitical and macroeconomic environment. The company's projections do not factor in any future escalation of the war in Ukraine, significant deterioration in the macroeconomic or financial markets, further disruption due to the COVID-19 pandemic, or any other unforeseen events.

ALCHEMPro News Desk (DP)
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