Ermenegildo Zegna Group Revenues¹ Reach €1.4B in the First Nine Months of 2024. Zegna Brand Continued to Grow Driven by DTC.
-
9M 2024 revenues grew
2% Year-on-Year (YoY), +3% at constant currency and -4% organic2. -
Q3 2024 revenues were
€397 million , -8% YoY, -6% constant currency and -7% organic:-
ZEGNA brand recorded a positive performance of +
1% YoY and +3% organic. -
Positive DTC performance (+
1% YoY and organic) was mainly driven by ZEGNA DTC supported by double-digit growth in theAmericas and EMEA. -
The
Americas , EMEA, andJapan outperformed the other regions.
-
ZEGNA brand recorded a positive performance of +
Ermenegildo “Gildo” Zegna, Chairman and CEO of the Ermenegildo Zegna Group, said: “The first nine months of 2024 saw our revenues grow
Looking ahead to the fourth quarter of 2024 and into 2025, we continue to foresee an uncertain environment, particularly in the
1 Throughout this press release, revenues for the first nine months and for the third quarter of 2024 are unaudited. |
|||
2 Revenues on organic growth basis (organic or organic growth) and on a constant currency basis (constant currency), are non-IFRS financial measures. Constant currency growth is calculated excluding foreign exchange. Organic growth is calculated excluding (a) foreign exchange, (b) acquisitions & disposals, (c) changes in license agreements where the Group operates as a licensee. See the non-IFRS financial measures section starting on page 8 of this press release for the definition and reconciliation of non-IFRS financial measures. |
Revenues Analysis for the Nine and Three Months Ended September 30, 2024
REVENUES BY SEGMENT (Unaudited)
|
For the nine months ended September 30, |
|
9M 2024 vs 9M 2023 |
|
For the three months ended September 30, |
|
Q3 2024 vs Q3 2023 |
||||||||
(€ thousands, except percentages) |
2024 |
|
2023 (1) |
|
% |
|
Organic |
|
2024 |
|
2023 (1) |
|
% |
|
Organic |
Zegna |
944,413 |
|
936,755 |
|
|
|
|
|
283,875 |
|
292,445 |
|
( |
|
( |
Thom Browne |
220,401 |
|
281,602 |
|
( |
|
( |
|
53,466 |
|
73,643 |
|
( |
|
( |
Tom Ford Fashion |
213,928 |
|
138,580 |
|
|
|
( |
|
65,435 |
|
74,553 |
|
( |
|
( |
Eliminations |
(21,326) |
|
(22,748) |
|
n.m.(2) |
|
n.m. |
|
(5,482) |
|
(9,511) |
|
n.m. |
|
n.m. |
Total revenues |
1,357,416 |
|
1,334,189 |
|
|
|
( |
|
397,294 |
|
431,130 |
|
( |
|
( |
(1) |
Revenues from Pelletteria Tizeta, a manufacturing company of the Group, which were allocated to the Zegna segment in 9M 2023, are now presented within the Tom Ford Fashion segment in 9M 2024. As a result, the related revenues in 9M 2023 have been reclassified from the Zegna segment to the Tom Ford Fashion segment to conform to the current period presentation. |
||||
(2) |
Throughout this section “n.m.” means not meaningful. |
REVENUES BY BRAND AND PRODUCT LINE (Unaudited)
|
For the nine months ended September 30, |
9M 2024 vs 9M 2023 |
|
For the three months ended September 30, |
Q3 2024 vs Q3 2023 |
||||||||||
(€ thousands, except percentages) |
2024 |
|
2023 |
|
% |
|
Organic |
|
2024 |
|
2023 |
|
% |
|
Organic |
ZEGNA brand |
810,610 |
|
783,648 |
|
|
|
|
|
244,543 |
|
242,329 |
|
|
|
|
Thom Browne |
220,067 |
|
280,127 |
|
( |
|
( |
|
53,346 |
|
73,176 |
|
( |
|
( |
TOM FORD FASHION |
213,924 |
|
138,567 |
|
|
|
( |
|
65,431 |
|
74,552 |
|
( |
|
( |
Textile |
101,543 |
|
108,555 |
|
( |
|
( |
|
29,707 |
|
35,483 |
|
( |
|
( |
Other (1) |
11,272 |
|
23,292 |
|
( |
|
( |
|
4,267 |
|
5,590 |
|
( |
|
( |
Total revenues |
1,357,416 |
|
1,334,189 |
|
|
|
( |
|
397,294 |
|
431,130 |
|
( |
|
( |
(1) |
Other mainly includes revenues from agreements with third party brands. |
Zegna segment
In 9M 2024, revenues for the Zegna segment, which includes the ZEGNA brand, textile and other (mainly revenues relating to third party brands), amounted to
In 9M 2024, revenues for the ZEGNA brand were
In 9M 2024, revenues for Textile were
Thom Browne segment
In 9M 2024, revenues for the Thom Browne segment amounted to
Thom Browne brand revenues, substantially aligned to the segment, were at
Tom Ford Fashion segment
Since the consolidation of Tom Ford International LLC and its subsidiaries occurred on April 29, 2023, this section comments the organic performance only, which compares the revenues of the five months in which Tom Ford International LLC was consolidated in 2023 and 2024. See the table above (“Revenues by segment”) for information on the reported revenue performance for the Tom Ford Fashion segment.
In 9M 2024, revenues for the Tom Ford Fashion segment amounted to
Eliminations include revenues from products that the Textile and Other lines sell to the Group’s brands.
3 Excludes foreign exchange impact and revenues in |
|||
4 The licensing agreement for the production and worldwide distribution of luxury men’s ready-to-wear and made-to-measure clothing, footwear, and accessories under the TOM FORD brand expired with the deliveries of the Fall/Winter 2022 collection, and a supply agreement to act as the exclusive supplier for certain TOM FORD menswear products commenced starting with the Spring/Summer 2023 collection and ended upon the acquisition of TFI. |
|||
5 Excludes foreign exchange impact and revenues in |
|||
6 The difference between Thom Browne segment and Thom Browne brand refers to Thom Browne stores in MEA managed by Zegna Gulf Trading LLC on behalf of Thom Browne and allocated to Other in the revenues by brand and product line. |
REVENUES BY DISTRIBUTION CHANNEL (Unaudited)
|
For the nine months ended September 30, |
9M 2024 vs 9M 2023 |
|
For the three months ended September 30, |
Q3 2024 vs Q3 2023 |
||||||||||
(€ thousands, except percentages) |
2024 |
|
2023 |
|
% |
|
Organic |
|
2024 |
|
2023 |
|
% |
|
Organic |
Direct to Consumer (DTC) |
|
|
|||||||||||||
ZEGNA brand |
690,243 |
|
661,143 |
|
|
|
|
|
203,682 |
|
195,433 |
|
|
|
|
Thom Browne |
127,211 |
|
126,272 |
|
|
|
( |
|
37,235 |
|
43,348 |
|
( |
|
( |
TOM FORD FASHION |
136,191 |
|
77,792 |
|
|
|
|
|
43,129 |
|
43,041 |
|
|
|
|
Total Direct to Consumer (DTC) |
953,645 |
|
865,207 |
|
|
|
|
|
284,046 |
|
281,822 |
|
|
|
|
As a percentage of branded products (1) |
77 % |
|
72 % |
|
|
|
|
|
78 % |
|
72 % |
|
|
|
|
Wholesale branded |
|
|
|||||||||||||
ZEGNA brand |
120,367 |
|
122,505 |
|
( |
|
|
|
40,861 |
|
46,896 |
|
( |
|
( |
Thom Browne |
92,856 |
|
153,855 |
|
( |
|
( |
|
16,111 |
|
29,828 |
|
( |
|
( |
TOM FORD FASHION |
77,733 |
|
60,775 |
|
|
|
( |
|
22,302 |
|
31,511 |
|
( |
|
( |
Total Wholesale branded |
290,956 |
|
337,135 |
|
( |
|
( |
|
79,274 |
|
108,235 |
|
( |
|
( |
As a percentage of branded products |
23 % |
|
28 % |
|
|
|
|
|
22 % |
|
28 % |
|
|
|
|
Textile |
101,543 |
|
108,555 |
|
( |
|
( |
|
29,707 |
|
35,483 |
|
( |
|
( |
Other (2) |
11,272 |
|
23,292 |
|
( |
|
( |
|
4,267 |
|
5,590 |
|
( |
|
( |
Total revenues |
1,357,416 |
|
1,334,189 |
|
|
|
( |
|
397,294 |
|
431,130 |
|
( |
|
( |
(1) |
Branded products refer to the products sold under the three brands that the Group operates, through the DTC or wholesale branded distribution channels. |
||||
(2) |
Other mainly includes revenues from agreements with third party brands. |
DTC Revenues Analysis
In 9M 2024, Group DTC revenues were
In 9M 2024 Thom Browne DTC revenues were +
TOM FORD FASHION DTC revenues reached
Wholesale Branded Revenues Analysis
In 9M 2024, wholesale branded revenues were
ZEGNA wholesale revenues were
Thom Browne wholesale revenues decreased to
TOM FORD FASHION wholesale revenues were
REVENUES BY GEOGRAPHIC AREA (Unaudited)
|
For the nine months ended September 30, |
|
9M 2024 vs 9M 2023 |
|
For the three months ended September 30, |
|
Q3 2024 vs Q3 2023 |
||||||||
(€ thousands, except percentages) |
2024 |
|
2023 |
|
% |
|
Organic |
|
2024 |
|
2023 |
|
% |
|
Organic |
EMEA (1) |
485,586 |
|
474,947 |
|
|
|
( |
|
148,995 |
|
152,267 |
|
( |
|
( |
|
358,187 |
|
309,539 |
|
|
|
|
|
112,141 |
|
119,427 |
|
( |
|
( |
|
353,084 |
|
419,180 |
|
( |
|
( |
|
86,760 |
|
112,345 |
|
( |
|
( |
Rest of APAC (3) |
158,803 |
|
128,192 |
|
|
|
|
|
48,813 |
|
46,002 |
|
|
|
|
Other (4) |
1,756 |
|
2,331 |
|
( |
|
( |
|
585 |
|
1,089 |
|
( |
|
( |
Total revenues |
1,357,416 |
|
1,334,189 |
|
|
|
( |
|
397,294 |
|
431,130 |
|
( |
|
( |
(1) |
EMEA includes |
||||
(2) |
|
||||
(3) |
Rest of APAC includes |
||||
(4) |
Other revenues mainly include royalties. |
In 9M 2024, EMEA recorded revenues of
In 9M 2024 revenues in the
In 9M 2024 the GCR recorded revenues of
In 9M 2024 revenues in the rest of APAC reached
Group Monobrand (1) Store Network at September 30, 2024
|
At September 30, 2024 |
|
At December 31, 2023 |
|
At September 30, 2023 |
||||||||||||||||||
Stores |
ZEGNA |
|
Thom Browne |
|
TOM FORD FASHION |
|
Group |
|
ZEGNA |
|
Thom Browne |
|
TOM FORD FASHION |
|
Group |
|
ZEGNA |
|
Thom Browne |
|
TOM FORD FASHION |
|
Group |
EMEA (2) |
76 |
|
9 |
|
10 |
|
95 |
|
71 |
|
9 |
|
4 |
|
84 |
|
69 |
|
9 |
|
4 |
|
82 |
|
75 |
|
20 |
|
13 |
|
108 |
|
59 |
|
7 |
|
12 |
|
78 |
|
62 |
|
7 |
|
12 |
|
81 |
|
78 |
|
38 |
|
12 |
|
128 |
|
79 |
|
33 |
|
10 |
|
122 |
|
77 |
|
34 |
|
10 |
|
121 |
Rest of APAC |
56 |
|
39 |
|
27 |
|
122 |
|
44 |
|
37 |
|
25 |
|
106 |
|
43 |
|
34 |
|
25 |
|
102 |
Total Direct to Consumer (DTC) |
285 |
|
106 |
|
62 |
|
453 |
|
253 |
|
86 |
|
51 |
|
390 |
|
251 |
|
84 |
|
51 |
|
386 |
EMEA (2) |
44 |
|
7 |
|
15 |
|
66 |
|
55 |
|
7 |
|
14 |
|
76 |
|
58 |
|
7 |
|
13 |
|
78 |
|
59 |
|
3 |
|
47 |
|
109 |
|
63 |
|
3 |
|
50 |
|
116 |
|
63 |
|
3 |
|
50 |
|
116 |
|
13 |
|
10 |
|
— |
|
23 |
|
13 |
|
10 |
|
— |
|
23 |
|
13 |
|
10 |
|
— |
|
23 |
Rest of APAC |
4 |
|
4 |
|
5 |
|
13 |
|
20 |
|
5 |
|
6 |
|
31 |
|
20 |
|
5 |
|
7 |
|
32 |
Total Wholesale |
120 |
|
24 |
|
67 |
|
211 |
|
151 |
|
25 |
|
70 |
|
246 |
|
154 |
|
25 |
|
70 |
|
249 |
Total |
405 |
|
130 |
|
129 |
|
664 |
|
404 |
|
111 |
|
121 |
|
636 |
|
405 |
|
109 |
|
121 |
|
635 |
(1) |
Monobrand store count includes our DOSs (which are divided into boutiques and outlets) and our Wholesale monobrand stores (including also monobrand franchisees). |
||||
(2) |
Does not include any stores in |
SIGNIFICANT EVENTS IN THE THIRD QUARTER OF 2024
TOM FORD FASHION – Appointment of Creative Director
On September 4, 2024, TOM FORD announced the appointment of Haider Ackermann as Creative Director, effective immediately. In his new role, Ackermann will assume the creative leadership across all TOM FORD fashion categories, including menswear, womenswear, accessories, and eyewear, and guide the creative vision for the overall brand.
VILLA ZEGNA New York
On September 5, 2024, ZEGNA brought the new “VILLA ZEGNA” experience to
UPCOMING EVENTS
Next financial releases
- January 27, 2025: FY 2024 Preliminary Revenues
- March 27, 2025: FY 2024 Financial Results
- April 24, 2025: Q1 2025 Revenues
- July 30, 2025: H1 2025 Preliminary Revenues
- September 5, 2025: H1 2025 Financial Results
- October 23, 2025: Q3 2025 Revenues
Forward Looking Statements
This communication contains forward-looking statements that are based on beliefs and assumptions and on information currently available to the Company. In particular, statements regarding future financial performance and the Group’s expectations as to the achievement of certain targeted metrics at any future date or for any future period are forward-looking statements. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek”, “aspire,” “goal,” “outlook,” “guidance,” “forecast,” “prospect” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements, and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the recognition, integrity and reputation of our brands; our ability to anticipate trends and to identify and respond to new and changing consumer preference; the COVID-19 pandemic or similar public health crises; international business, regulatory, social and political risks; the conflict in
Most of these factors are outside the Company’s control and are difficult to predict. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company and its directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this communication represent the views of the Company as of the date of this communication. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company disclaims any obligation to update or revise publicly forward-looking statements. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this communication.
Non-IFRS financial measures
The Group’s management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: revenues on a constant currency basis (constant currency) and revenues on an organic growth basis (organic or organic growth). The Group’s management believes that these non-IFRS financial measures provide useful and relevant information regarding the Group’s financial performance and financial condition, and improve the ability of management and investors to assess and compare the financial performance and financial position of the Group with those of other companies. They also provide comparable measures that facilitate management’s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other strategic and operational decisions. While similar measures are widely used in the industry in which the Group operates, the financial measures that the Group uses may not be comparable to other similarly named measures used by other companies nor are they intended to be substitutes for measures of financial performance or financial position as prepared in accordance with IFRS.
Revenues on a constant currency basis (constant currency)
In addition to presenting our revenues on a current currency basis, we also present certain revenue information on a constant currency basis (constant currency), which excludes the effects of foreign currency translation from our subsidiaries with functional currencies different from the Euro.
We calculate constant currency revenues by applying the current period average foreign currency exchange rates to translate prior period revenues of foreign subsidiaries expressed in local functional currencies different than the Euro.
We use revenues on a constant currency basis to analyze how our underlying revenues have changed between periods independent of the effects of foreign currency translation.
Revenues on a constant currency basis are not a substitute for revenues on a current currency basis or any IFRS-related measures, however we believe that revenues excluding the impact of foreign currency translation provide additional useful information to management and to investors in analyzing and evaluating our revenues and operating performance.
Revenues on an organic growth basis (organic growth or organic)
In addition to presenting our revenues on a current currency basis, we also present certain revenue information on an organic growth basis (organic growth or organic). Organic growth is calculated as the change in revenues from period to period, excluding the effects of (a) foreign exchange, (b) acquisitions and disposals and (c) changes in license agreements where the Group operates as a licensee.
In calculating organic growth, the following adjustments are made to revenues:
(a) Foreign exchange – Current period average foreign currency exchange rates are used to translate prior period revenues of foreign subsidiaries expressed in local functional currencies different than the Euro.
(b) Acquisitions and disposals – Revenues generated by businesses and operations acquired in the current year are excluded. Revenues generated by businesses and operations acquired in the prior year are excluded from the current year for the same period that corresponds to the pre-acquisition period in the prior year. Additionally, where a business or operation was a customer prior to an acquisition, the related pre-acquisition revenues are excluded from the current and prior periods. Revenues generated by businesses and operations disposed of in the current year or prior year are excluded from both periods as applicable.
(c) Changes in license agreements where the Group operates as a licensee – Revenues generated from license agreements where the Group operates as a licensee that are new or terminated in the current year or prior year are excluded from both periods (except if the effects are already included in acquisitions and disposals). Additionally, revenues generated from license agreements where the Group operates as a licensee that experienced a structural change in the scope or perimeter in the current year or prior year are excluded from both periods, including changes to product categories, distribution channels or geographies of the underlying license agreements.
We believe the presentation of organic growth is useful to better understand and analyze the underlying change in the Group’s revenues from period to period on a consistent perimeter and constant currency basis.
Revenues on an organic growth basis are not a substitute for revenues on a current currency basis or any IFRS-related measures, however we believe that revenues excluding the effects of (a) foreign exchange, (b) acquisitions and disposals and (c) changes in license agreements where the Group operates as a licensee provide additional useful information to management and to investors in analyzing and evaluating our revenues and operating performance.
The tables below show a reconciliation of reported revenue growth to constant currency, excluding the effects of foreign exchange, and to organic growth, which excludes also acquisitions and disposals and changes in license agreements where the Group operates as a licensee, by segment, by brand and product line, by distribution channel and by geography for the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023 (9M 2024 vs 9M 2023) and for the three months ended September 30, 2024 compared to the three months ended September 30, 2023 (Q3 2024 vs Q3 2023).
Segment
|
9M 2024 vs 9M 2023 |
||||||||||
|
Revenues Growth |
|
less Foreign exchange |
|
Constant Currency |
|
less Acquisitions and disposals |
|
less Changes in license agreements where the Group operates as a licensee |
|
Organic |
Zegna |
|
|
( |
|
|
|
|
|
—% |
|
|
Thom Browne |
( |
|
( |
|
( |
|
|
|
—% |
|
( |
Tom Ford Fashion |
|
|
( |
|
|
|
|
|
—% |
|
( |
Total |
|
|
( |
|
|
|
|
|
( |
|
( |
|
Q3 2024 vs Q3 2023 |
||||||||||
|
Revenues Growth |
|
less Foreign exchange |
|
Constant Currency |
|
less Acquisitions and disposals |
|
less Changes in license agreements where the Group operates as a licensee |
|
Organic |
Zegna |
( |
|
( |
|
( |
|
|
|
( |
|
( |
Thom Browne |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
Tom Ford Fashion |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
Total |
( |
|
( |
|
( |
|
|
|
—% |
|
( |
Brand and product line
|
9M 2024 vs 9M 2023 |
||||||||||
|
Revenues Growth |
|
less Foreign exchange |
|
Constant Currency |
|
less Acquisitions and disposals |
|
less Changes in license agreements where the Group operates as a licensee |
|
Organic |
ZEGNA brand |
|
|
( |
|
|
|
|
|
—% |
|
|
Thom Browne |
( |
|
( |
|
( |
|
|
|
—% |
|
( |
TOM FORD FASHION |
|
|
( |
|
|
|
|
|
—% |
|
( |
Textile |
( |
|
( |
|
( |
|
( |
|
—% |
|
( |
Other |
( |
|
( |
|
( |
|
( |
|
( |
|
( |
Total |
|
|
( |
|
|
|
|
|
( |
|
( |
|
Q3 2024 vs Q3 2023 |
||||||||||
|
Revenues Growth |
|
less Foreign exchange |
|
Constant Currency |
|
less Acquisitions and disposals |
|
less Changes in license agreements where the Group operates as a licensee |
|
Organic |
ZEGNA brand |
|
|
( |
|
|
|
|
|
—% |
|
|
Thom Browne |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
TOM FORD FASHION |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
Textile |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
Other |
( |
|
( |
|
( |
|
—% |
|
|
|
( |
Total |
( |
|
( |
|
( |
|
|
|
—% |
|
( |
Distribution channel
|
9M 2024 vs 9M 2023 |
||||||||||
|
Revenues Growth |
|
less Foreign exchange |
|
Constant Currency |
|
less Acquisitions and disposals |
|
less Changes in license agreements where the Group operates as a licensee |
|
Organic |
Direct to Consumer (DTC) |
|
|
|
|
|
|
|
|
|
|
|
ZEGNA brand |
|
|
( |
|
|
|
|
|
—% |
|
|
Thom Browne |
|
|
( |
|
|
|
|
|
—% |
|
( |
TOM FORD FASHION |
|
|
( |
|
|
|
|
|
—% |
|
|
Total Direct to Consumer (DTC) |
|
|
( |
|
|
|
|
|
—% |
|
|
Wholesale branded |
|
|
|
|
|
|
|
|
|
|
|
ZEGNA brand |
( |
|
( |
|
|
|
( |
|
—% |
|
|
Thom Browne |
( |
|
—% |
|
( |
|
( |
|
—% |
|
( |
TOM FORD FASHION |
|
|
—% |
|
|
|
|
|
—% |
|
( |
Total Wholesale branded |
( |
|
( |
|
( |
|
|
|
—% |
|
( |
Textile |
( |
|
( |
|
( |
|
( |
|
—% |
|
( |
Other |
( |
|
( |
|
( |
|
( |
|
( |
|
( |
Total |
|
|
( |
|
|
|
|
|
( |
|
( |
|
Q3 2024 vs Q3 2023 |
||||||||||
|
Revenues Growth |
|
less Foreign exchange |
|
Constant Currency |
|
less Acquisitions and disposals |
|
less Changes in license agreements where the Group operates as a licensee |
|
Organic |
Direct to Consumer (DTC) |
|
|
|
|
|
|
|
|
|
|
|
ZEGNA brand |
|
|
( |
|
|
|
|
|
—% |
|
|
Thom Browne |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
TOM FORD FASHION |
|
|
( |
|
|
|
—% |
|
—% |
|
|
Total Direct to Consumer (DTC) |
|
|
( |
|
|
|
|
|
—% |
|
|
Wholesale branded |
|
|
|
|
|
|
|
|
|
|
|
ZEGNA brand |
( |
|
( |
|
( |
|
( |
|
—% |
|
( |
Thom Browne |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
TOM FORD FASHION |
( |
|
|
|
( |
|
—% |
|
—% |
|
( |
Total Wholesale branded |
( |
|
( |
|
( |
|
( |
|
—% |
|
( |
Textile |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
Other |
( |
|
( |
|
( |
|
—% |
|
|
|
( |
Total |
( |
|
( |
|
( |
|
|
|
—% |
|
( |
Geographic area
|
9M 2024 vs 9M 2023 |
||||||||||
|
Revenues Growth |
|
less Foreign exchange |
|
Constant Currency |
|
less Acquisitions and disposals |
|
less Changes in license agreements where the Group operates as a licensee |
|
Organic |
EMEA (1) |
|
|
( |
|
|
|
|
|
( |
|
( |
|
|
|
( |
|
|
|
|
|
( |
|
|
|
( |
|
( |
|
( |
|
|
|
—% |
|
( |
Rest of APAC (3) |
|
|
( |
|
|
|
|
|
( |
|
|
Other (4) |
( |
|
( |
|
( |
|
|
|
—% |
|
( |
Total |
|
|
( |
|
|
|
|
|
( |
|
( |
|
|
|
|
|
|
(1) |
EMEA includes |
||||
(2) |
|
||||
(3) |
APAC includes |
||||
(4) | Other revenues mainly include royalties. |
|
Q3 2024 vs Q3 2023 |
||||||||||
|
Revenues Growth |
|
less Foreign exchange |
|
Constant Currency |
|
less Acquisitions and disposals |
|
less Changes in license agreements where the Group operates as a licensee |
|
Organic |
EMEA (1) |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
|
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
|
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
Rest of APAC (3) |
|
|
( |
|
|
|
|
|
—% |
|
|
Other (4) |
( |
|
( |
|
( |
|
—% |
|
—% |
|
( |
Total |
( |
|
( |
|
( |
|
|
|
—% |
|
( |
(1) |
EMEA includes |
||||
(2) |
|
||||
(3) |
APAC includes |
||||
(4) | Other revenues mainly include royalties. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20241022476873/en/
Paola Durante, Chief of External Relations
Alice Poggioli, Investor Relations Director
Clementina Tito, Head of Corporate Communication
ir@zegna.com / corporatepress@zegna.com
Source: Zegna Group