Zegna Results Presentation Deck slide image

Zegna Results Presentation Deck

FY 2022 GUIDANCE UPDATE ● Ermenegiliko Ermenegildo Zegna Group Despite the significant headwinds from the Greater China Region, for FY 2022 the Group expects a moderate improvement in Adjusted EBIT and a substantial improvement in Profit compared to 2021 The Group continues to expect an increase in Cash Surplus in the second half of 2022 Medium-term targets remain unchanged as Zegna continues to focus on executing its strategy, targeting €2 billion in revenues and 15% Adjusted EBIT margin in the medium term*, as disclosed at our CMD on 17 May, 2022. ● Assuming no further future escalation of the war in Ukraine, no significant macroeconomic deterioration, no further disruption linked to the COVID-19 pandemic in the Greater China Region or elsewhere, and no other unforeseen events. * Excluding the impact of the Tom Ford fashion business transaction announced on 15 November, 2022 14
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