Ermenegildo Zegna's first half operating profit jumps 45%

Ermenegildo Zegna NV

13/09/2023 12:31

MILAN, Sept 13 (Reuters) - Italian fashion group
Ermenegildo Zegna  JN0.F  said on Wednesday its first-half
adjusted operating profit grew 45% to 120 million euros ($129
million).
    Group revenues reached 903 million euros in the first six
months of the year, up by 24%, as previously announced in July. 
    "We are encouraged by the strong growth we are seeing in the
United States and EMEA but also acknowledge the impact of a
milder recovery in Greater China", Chairman and Chief Executive
Gildo Zegna said in a statement. 
    The group said it will hold a capital market day on Dec. 5
to unveil its updated medium and long-term financial goals,
including for the Tom Ford Fashion segment.
($1 = 0.9316 euros)

 (Reporting by Elisa Anzolin
Editing by Keith Weir)
 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))