Ermenegildo Zegna N.V. (NYSE:ZGN) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET
Company Participants
Ermenegildo Zegna - Chairman and CEO
Gianluca Tagliabue - CFO and COO
Paola Durante - Chief of External Relations
Conference Call Participants
Anthony Charchafji - BNP Paribas
Chris Huang - UBS
Oliver Chen - TD Cowen
Louise Singlehurst - Goldman Sachs
Operator
Good morning, everyone. Welcome to the Ermenegildo Zegna Group's First Half 2024 Preliminary Revenue Conference Call. Let me introduce the Ermenegildo Zegna Group's senior management. Chairman and CEO, Mr. Gildo Zegna; Chief Financial Officer and Chief Operating Officer, Mr. Gianluca Tagliabue; Chief of External Revenue, Ms. Paola Durante.
Documents for today’s call are available on the Group's website, including the presentation that will be discussed during the call and the forward-looking statements that you can find at Page 2 of the presentation.
Let me now hand over to Mr. Gildo Zegna.
Ermenegildo Zegna
Good morning and good afternoon to everybody, and thank you for joining today's conference call on Ermenegildo Zegna Group First Half 2024 revenue. For me, our call is not only an important moment to look back on what we have achieved, but also a moment to discuss what lies ahead.
In H1 '24, the Group reported €960 million revenue with a 6% growth reported and 8% at constant currency. Q2 contributed €497 million plus 5% year-on-year with an improved underlying organic growth. Indeed, excluding changes in the perimeter and the impact from currency, our organic performance improved from minus 5 in the first quarter to flat in the second quarter. These are results that I consider acceptable, in particular in the current consumer and sector environment.
Now, let me update you on a few important projects and on the future. Starting with TOM FORD FASHION, you read that Peter Hawkings is