Ermenegildo Zegna N.V. (NYSE:ZGN) This autumn 2024 Earnings Convention Name March 27, 2025 9:00 AM ET
Firm Members
Gildo Zegna – Chief Govt Officer
Gianluca Tagliabue – Chief Monetary Officer and Chief Working Officer
Paola Durante – Chief of Exterior Relations
Convention Name Members
Chris Huang – UBS
Adrien Duverger – Goldman Sachs
Oliver Chen – TD Cowen
Melania Grippo – BNP Paribas Exane
Operator
Good afternoon, good morning, everybody. Thanks for becoming a member of the Ermenegildo Zegna Group FY 2024 Monetary Outcomes Name. Please notice that at present’s materials and presentation can be found underneath the zegnagroup.com web site. Becoming a member of us at present, the Zegna Group management group together with Gildo Zegna, the Group’s CEO and Gianluca Tagliabue, Group CFO and COO.
Earlier than we start, we have to level out that the group will make sure forward-looking statements in the course of the name. The Group precise outcomes could also be materially completely different from these expressed or implied by these forward-looking statements. Additionally these statements are topic to quite a few dangers and uncertainties, together with these described in our SEC filings. Please check with the forward-looking statements cautionary assertion included at Web page 2 of at present’s presentation.
I’ll now handover to Gildo Zegna.
Gildo Zegna
Thanks and good morning and good afternoon, everybody. Thanks for becoming a member of us at present to speak in regards to the Ermenegildo Zegna Group full yr ’24 outcomes. As you all know, ’24 was a unique yr than what we initially deliberate.
Regardless of the challenges, we delivered an adjusted EBIT of EUR184 million. And though I can’t be totally satisified with the numbers we current at present, I am completely assured by the confirmed power of our groups in navigating difficult moments with self-discipline and determinations. I wish to begin this name by sharing some reflections on final yr in addition to our outlook going ahead.
First, let me
