Zegna Group: record results in 2023

The Italian Zegna Group has announced outstanding results for fiscal 2023, illustrating its leading position in the luxury goods industry. With substantial growth in organic revenues, reaching €1.9 billion, the group benefited from sustained demand for its high-end products.


On Friday April 5, the Italian Ermenegildo Zegna Group announced outstanding results for fiscal 2023, with a significant increase in revenues and profits.


Organic sales grew by a remarkable 19.3% over the full year to 1.9 billion euros. This performance was underpinned by strong demand for the Group’s luxury products. Particularly in Greater China, where sales climbed 24%.


The Group also reported an increase in net profit, which reached 135.7 million euros. This represents an impressive 107.8% increase on 2022. In addition, the profit margin increased substantially, rising to 7.1% from 4.4% the previous year.


Zegna, which floated on Wall Street at the end of 2021, announced that its EBIT reached €220 million in 2023, compared with €157.7 million in 2022.


In line with this success, the proposed annual dividend increased by 20% to 0.12 euros per share.


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Featured photo : © Zegna

Picture of Hugues Reydellet
Hugues Reydellet
Hugues Reydellet is a young and passionate journalist whose favorite subjects are economy, culture, gastronomy, but also cars, and sports. With a sharp pen and an insatiable curiosity, Hugues is constantly on the lookout for new hot information to report.

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