Zegna Results Presentation Deck
4Q 2023 AND FY 2023 REVENUES BY CHANNEL - WHOLESALE
Impact of deliveries shifts and conversions of wholesale
doors
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€169 million in 4Q 2023 (+27.6% YOY, +8.9% organic)
€635 million in FY 2023 (+11.3% YOY, +9.6% organic)
Zegna-Branded Products
€42 million in 4Q 2023 (-5.5% YOY, -6.5% organic)
€164 million in FY 2023 (+8.4% YOY, +7.0% organic)
Planned change to a drop-based merchandising
strategy driving a shift in deliveries from 4Q 2023 to
1Q 2024
Conversion of wholesale doors into retail including NY
Saks Fifth Avenue store
Thom Browne
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Tom Ford Fashion
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€41 million in 4Q 2023 (+25.8% YoY, +39.7% organic)
Low base of comparison in 4Q 2022
€195 million in FY 2023 (+5.8% YOY, +15.7% organic)
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Ermenegildo Zegna Group
Partly affected by internalization of South
Korean business
Third Party Brands and Textile
€38 million in 4Q 2023
€99 million from April 29 to December 31, 2023
€48 million in 4Q 2023 (-14.2% YoY, +4.1% organic)
€176 million in FY 2023 (-24.8% YoY, +5.8% organic)
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