Italy’s Ermenegildo Zegna posts $2.03 bn revenue in FY24, up 2.2% YoY

Ermenegildo Zegna NV reported FY24 revenues of €1,946.6 million (+2.2 per cent YoY, -1.9 per cent organic).
Q4 FY24 revenue rose 3.3 per cent to €589.2 million (~$615.0 million) (+2.9 per cent organic).
Americas (+14.6 per cent), EMEA (+5.9 per cent), and APAC (+10.5 per cent) grew, while Greater China declined (-11.4 per cent).
Zegna expects continued volatility in China.