ERMENEGILDO ZEGNA N.V Reports Earnings Results for 2nd Quarter of FY2023
September 16, 2023
🌥️Earnings Overview
Ermenegildo ($NYSE:ZGN) Zegna N.V reported their second quarter FY2023 earnings results, for the period ending June 30 2023, with total revenue increasing 23.9% year over year to EUR 903.1 million. Net income rose dramatically from EUR 14.0 million in the same period of the previous year to EUR 46.0 million.
Market Price
The stock opened at $15.0 and closed at $14.1, down by 2.8% from the prior closing price of 14.5. While this marks a decrease in value from the opening price, the earnings report demonstrated strong performance in areas such as revenue growth, cost control and efficiency. This marked one of the strongest periods of growth for the company since the beginning of the fiscal year.
Additionally, the company reported increased efficiency through cost control initiatives, which positively impacted their bottom line. With a strong performance thus far in the fiscal year, the company is well positioned to continue its upward trajectory moving forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ZGN. More…
| Total Revenues | Net Income | Net Margin |
| 1.67k | 83.41 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ZGN. More…
| Operations | Investing | Financing |
| 225.61 | 18.28 | -327.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ZGN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.67k | 1.86k | 3.05 |
Key Ratios Snapshot
Some of the financial key ratios for ZGN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.2% | 13.6% | 9.3% |
| FCF Margin | ROE | ROA |
| 8.8% | 13.4% | 3.6% |
Analysis
At GoodWhale, we are committed to helping investors analyze ERMENEGILDO ZEGNA N.V’s fundamentals so they can make informed decisions. Our Star Chart shows that ERMENEGILDO ZEGNA N.V is strong in assets and medium in dividend, growth, and profitability. Furthermore, our analysis of the company’s cash flows and debt give it a high health score of 8/10, indicating that it is capable of weathering any crisis without any risk of bankruptcy. We have classified ERMENEGILDO ZEGNA N.V as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. As such, investors who are looking for long-term investments with potential for significant returns may be interested in investing in ERMENEGILDO ZEGNA N.V. More…
Peers
Ermenegildo Zegna NV is one of the most well-known and respected fashion brands in the world. The company has been in business for over 100 years and has built a reputation for quality and luxury. Zegna is headquartered in Italy and has a strong presence in Europe and the United States. The company’s main competitors are Dazzle Fashion Co Ltd, Adolfo Dominguez SA, BIEM.L.FDLKK Garment Co Ltd.
– Dazzle Fashion Co Ltd ($SHSE:603587)
Dazzle Fashion Co Ltd is a publicly traded company with a market capitalization of 6.76 billion as of 2022. The company has a return on equity of 11.66%. Dazzle Fashion Co Ltd is a leading fashion retailer in China with over 1,500 stores across the country. The company offers a wide range of products including apparel, accessories, and home furnishings.
– Adolfo Dominguez SA ($LTS:0DGZ)
Adolfo Dominguez SA is a Spanish fashion retailer. The company operates in Spain, Portugal, the United States, Mexico, Colombia, and Peru. It offers a range of products for men, women, and children, including clothing, footwear, and accessories. Adolfo Dominguez SA was founded in 1976 and is headquartered in A Coruña, Spain.
The company’s market cap is 34.96M as of 2022. The company has a Return on Equity of -54.6%.
Adolfo Dominguez SA is a fashion retailer that offers a range of products for men, women, and children. The company operates in Spain, Portugal, the United States, Mexico, Colombia, and Peru. Adolfo Dominguez SA was founded in 1976 and is headquartered in A Coruña, Spain.
– BIEM.L.FDLKK Garment Co Ltd ($SZSE:002832)
Garment Co Ltd is a market leader in the garment industry, with a market cap of 13.09B as of 2022. The company has a strong focus on customer satisfaction and quality control, with a return on equity of 14.94%. Garment Co Ltd manufactures and sells a wide range of garments, including shirts, pants, dresses, and outerwear. The company also operates a number of retail stores across the country.
Summary
Investors should be encouraged by the strong second quarter performance of ERMENEGILDO ZEGNA N.V as total revenue increased 23.9% year over year to EUR 903.1 million. Net income for the quarter was also up significantly from the same period in the previous year, rising from EUR 14 million to EUR 46 million. This demonstrates that the company is well-positioned for growth despite a challenging macroeconomic environment, and provides a good opportunity for investors to consider buying shares.
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