Ermenegildo Zegna Group Earlier Reported Q3 2023 Results; Revenue Of €431M Up 20.8% YoY
Portfolio Pulse from Benzinga Newsdesk
Ermenegildo Zegna Group reported Q3 2023 revenues of €431 million, up 20.8% YoY, and an organic growth rate of 11.3%. The first nine months of 2023 saw revenues of €1.33 billion, up 22.9% YoY, and an organic growth rate of 19.2%. The group will take over retail distribution of the ZEGNA brand in South Korea in early 2024. The results support the group's FY 2023 and mid-term outlook.
October 24, 2023 | 5:05 pm
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Ermenegildo Zegna Group's Q3 2023 results show strong growth, with revenues up 20.8% YoY. The group's decision to take over retail distribution of the ZEGNA brand in South Korea could further boost revenues.
The strong growth in revenues reported by Zegna Group indicates a positive financial performance. The decision to take over retail distribution of the ZEGNA brand in South Korea could potentially open up a new market and further increase revenues, which could positively impact the stock price.
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