Italian fashion group Zegna raises guidance for 2022

Italian fashion group Zegna raises guidance for 2022


Reuters API

 Italian fashion group Ermenegildo Zegna

Zegna – Fall-Winter2022 – Menswear – Milan – © PixelFormula

The company, which is listed in New York, said it now expects revenue growth in the mid-teens in percentage terms versus previous guidance for low-teens percentage growth.

It also forecast a “solid improvement” in adjusted earnings before interests and taxes (EBIT) having previously spoken only of an improvement.

“While our current performance is strong, including a healthy rebound in the Greater China Region, the global geopolitical and economic outlook remains uncertain,” Chairman and CEO Ermenegildo Zegna

“I am confident that we will remain on track, as we execute our strategy to achieve our new 2022 guidance,” he added.

The family-controlled group, which controls Italy’s luxury menswear brand Zegna and U.S. label Thom Browne

Leave a Reply

Your email address will not be published. Required fields are marked *