The Ermenegildo Zegna Group announced its consolidated financial results for fiscal year 2012. Sales increased 12% to €1.261 billion (approximately JPY 165 billion), and net profit increased 13% to €130 million (approximately JPY 17 billion). Overall, the company's performance surpassed the previous year's results.
More than 90% of the group's sales were exported, with 46% coming from emerging markets such as Greater China, the United States, Russia, and the Middle East. Sales declined in Spain, Japan, and South Korea. Europe was generally strong, with tourism revenue contributing to sales in Italy, France, and the United Kingdom.
The key to this success was the group's retail division, which grew market share by 16% in just four years and had 543 stores at the end of 2012, 303 of which were directly operated, accounting for 78% of the brand's sales. In 2013, the group plans to open 30 stores in cities including Geneva, London, Abu Dhabi, and Beijing. The most recent store opened in Brisbane, Australia, on May 1st. Regarding the group's financial results, Ermenegildo Zegna, CEO, said, "Despite a significant slowdown in the fourth quarter of 2012, our performance remains strong. In 2013, we will continue to invest in Europe, the United States, Mexico, China, Australia, and Singapore, and expand our retail network into new markets such as Nigeria and Vietnam. Stefano Pilati, who has been the creative director of Agnona since the Spring/Summer 2014 collection and head of styling for Zegna Couture and Ermenegildo Zegna fashion shows, will also contribute to the company's success." In 2014, the group will actively pursue new business ventures, including a collaboration with Maserati, and will also focus on the activities of its cultural promotion program, ZegnaArt.
More than 90% of the group's sales were exported, with 46% coming from emerging markets such as Greater China, the United States, Russia, and the Middle East. Sales declined in Spain, Japan, and South Korea. Europe was generally strong, with tourism revenue contributing to sales in Italy, France, and the United Kingdom.
The key to this success was the group's retail division, which grew market share by 16% in just four years and had 543 stores at the end of 2012, 303 of which were directly operated, accounting for 78% of the brand's sales. In 2013, the group plans to open 30 stores in cities including Geneva, London, Abu Dhabi, and Beijing. The most recent store opened in Brisbane, Australia, on May 1st. Regarding the group's financial results, Ermenegildo Zegna, CEO, said, "Despite a significant slowdown in the fourth quarter of 2012, our performance remains strong. In 2013, we will continue to invest in Europe, the United States, Mexico, China, Australia, and Singapore, and expand our retail network into new markets such as Nigeria and Vietnam. Stefano Pilati, who has been the creative director of Agnona since the Spring/Summer 2014 collection and head of styling for Zegna Couture and Ermenegildo Zegna fashion shows, will also contribute to the company's success." In 2014, the group will actively pursue new business ventures, including a collaboration with Maserati, and will also focus on the activities of its cultural promotion program, ZegnaArt.
