Ermenegildo Zegna Group presents new growth targets

The Italian fashion group Ermenegildo Zegna NV presented new growth targets on Tuesday as part of its capital markets day in the New York Stock Exchange building.

Accordingly, group sales should increase by an average of more than ten percent per year in the medium term. In terms of earnings before interest and taxes (EBIT) adjusted for special effects, the aim is to achieve average annual growth of around twenty percent.

All divisions of the group should contribute to achieving the goals in the coming years. For the core brand Zegna, the group is aiming for annual sales growth of around ten percent on average. The revenues of the Tom Ford Fashion segment, which was taken over in the spring, are expected to increase by an average of over ten percent per year; for the Thom Browne label, an annual percentage increase “in the high tens” is even being targeted.