Zegna Results Presentation Deck
1H 2023 AND 2Q 2023 REVENUES BY CHANNEL
DTC: Strong growth for Zegna and Thom Browne
+36.3% YoY in 1H 2023 (+38.6% in cFX; +30.4% organic)
+ 48.1% YoY in 2Q 2023 (+52.8% in cFX; +35.8% organic)
€35 million TOM FORD FASHION contribution
Zegna
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+28.7% YoY in 1H 2023 (+30.3% in cFX and organic growth)
thanks to solid double-digit performance in all regions
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+32.7% YoY in 2Q 2023 (+36.2% in cFX and organic growth),
faster than 1Q 2023 (+24.6% in cFX)
Significant improvement of store productivity and a few
selective new stores openings
Thom Browne
+25.3% YoY in 1H 2023 (+30.6% in cFX and organic growth),
with similar performance in 1Q and 2Q
Network expansion and double-digit growth in comparable
stores
* Includes wholesale revenues for Zegna branded products, Thom Browne, Third Party Brands and Textile product lines
Wholesale*: Continued area of growth for Zegna
+6.3% YoY in 1H 2023 (+5.5% in cFX; +7.6% organic)
+16.0% YoY in 2Q 2023 (+15.6% in cFX; +6.0% organic)
Zegna branded products
+19.3% YoY in 1H 2023 (+17.9% in cFX and organic growth)
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Ermenegildo Zegna Group
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+ 42.8% YoY in 2Q 2023 thanks to robust same doors growth
across all regions
Thom Browne
+4.2% YoY in 1H 2023
-1.7% YoY in 2Q 2023 due to lower deliveries to the Korean
market, which is directly operated as of July 1, 2023
TOM FORD FASHION
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€29 million in TOM FORD FASHION olesale revenues in 1H
2023, offset by revenues lost on Tom Ford third-party
products
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