Zegna fourth-quarter revenues rise 2.9%, pushed by U.S. sales

Ermenegildo Zegna NV

27/01/2025 12:01

MILAN, Jan 27 (Reuters) - Revenues at Italian luxury
group Ermenegildo Zegna  JN0.F  rose 2.9% on an organic basis in
the last three months of the year, lifted by double-digit growth
in the Americas and despite an 11% sales drop in China. 
     Full-year revenues at the company, whose brands include
Zegna, Thom Browne and Tom Ford, fell 1.9% on an organic basis
to 1.95 billion euros ($2.05 billion), beating a
company-provided revenue consensus of 1.91 billion euros.
    "We expect 2025 to play out differently across various
geographies. While we have seen solid performance in the
Americas and EMEA in the first weeks of January, we also believe
that there will be ongoing volatility with respect to consumer
demand in China," Chairman and CEO Ermenegildo Zegna said in a
statement.
    


($1 = 0.9515 euros)


($1 = 0.9512 euros)

 (Reporting by Elisa Anzolin, editing by Cristina Carlevaro)
 ((elisa.anzolin@thomsonreuters.com; 0039 0266129692;))