Zegna Results Presentation Deck
3Q 2022 and 9M 2022 GROUP REVENUES: HIGHLIGHTS Ermenegildo Zegna Group
Tridene
Revenues of €1,086 million in 9M 2022, +22.9% y-o-y
Revenues of 357 million in 3Q 2022, +27.5%, from + 16.3% in 2Q 2022 and
+ 25.4% in 1Q 2022
●
In 3Q, double-digit growth in all segments, product lines, channels, and
geographies (with the exception of GCR, up by 3% y-o-y)
Both segments growing by double-digit y-o-y
●
Zegna segment +21.5% in 9M, accelerating in 3Q at +27.2% from
+ 18.7% in 1H 2022
Thom Browne segment +30.1% in 9M, steady in 3Q at +29.5%
All regions positive
●
Revenues excluding GCR strong in Q3 at +44.0% compared with
2Q 2022 at +59% and +48% in 1Q 2022
GCR rebounded, but a new wave of lockdowns from September
DTC growth accelerated in 3Q 2022 to +20.7% driven by both segments
Wholesale responsive to new brand strategy for Zegna, Thom Browne's
strength is broad-based, positive B2B dynamics
Focus on organic growth, pricing power, and price discipline
8View entire presentation