Ermenegildo Zegna (ZGN) Corporate presentation summary

Portfolio and strategic direction

• Three complementary brands—ZEGNA, Thom Browne and TOM FORD FASHION—are supported by the integrated Filiera supply chain.

• ZEGNA’s strategy centers on an ultra-luxury lifestyle proposition, iconic products, more frequent drops, personalized CRM and expanded Su Misura services.

• Su Misura products are delivered in 2–5 weeks; 40% of ZEGNA Friends use personalization, and personalization customers visit more than 2.5x as often as ready-to-wear-only customers.

• Thom Browne is sharpening its US modern-tailoring identity and moving toward retail-first distribution; TOM FORD FASHION is focused on desirability, retail productivity and selective expansion in the US and EMEA.

Filiera and sustainability

• Filiera controls production from yarn to finished product; its textile platform employs more than 700 people, while ~2,120 work in ready-to-wear plants.

• A new Parma footwear and leather-goods factory was scheduled to be ready in H2 2026.

• 2025 sustainability results included 42% traceable and lower-impact priority raw materials, 100% renewable purchased electricity and a 26% reduction in Scope 1–3 emissions vs. the 2022 baseline.

• Women held 49% of managerial positions; 97% of employees had permanent contracts, and 54 craft masters were certified in 2025.

Financial targets and FY 2025

• 2027 targets are revenue of €2.2–2.4bn and adjusted EBIT of €250–300m.

• FY 2025 revenue was €1,917m, down 1.5% YoY on a reported basis and up 1.1% organically; gross margin was 67.5% and adjusted EBIT was €163m at an 8.5% margin.

• FY 2025 profit was €109m, with a 5.7% margin; year-end cash surplus was €52m, versus €94m net financial indebtedness at FY 2024 year-end.

• ZEGNA brand revenue grew 5% organically in FY 2025; DTC represented 88% of its revenue and grew 10% organically in Q4.