Ermenegildo Zegna N.V. Ordinary Shares (ZGN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Good morning, everyone. Thank you for joining the Ermine Gildo Xenia Group Q1 2025 Revenue School. Please note that today's material and presentation are available under the XeniaGroup.com website. Joining us today, the Xenia Group Senior Management Team, including Gianluca Tercobu, Group CFO and COO Paolo Duad, Chief of External Relations. Before we begin, we need to point out that the team will make certain forward-looking statements during the call. The group's actual results may be materially different from those expressed or implied by these forward-looking statements. Also, the statements are subject to a number of risks and uncertainties, including those described in our SEC filings. Please refer to the forward-looking statements cautionary statement included at page two of today's presentation. I'll now turn the call over to Paola to begin. Paola. Please go ahead. Thank you. Thank you, operator. Good morning and good afternoon, everyone. And welcome to our first quarter 2025 revenues call. As anticipated, today's call is led by Gianluca Tagliavue, Group COO and CFO, and by myself, Alicia Poggioli, Investoration Director, is also here with us. Our CEO, Mr. G. Dozegna, will attend the July call. I will start this call with a brief comment on our results and then I will leave it to Gianluca for a few final remarks before opening the Q&A session. So let's move directly to page 8 of the presentation where you find the key highlights of our results. In the first quarter of 2025, the group reported 459 million euros in revenues, compared to 463 million in the first quarter of last year. The revenues were down 1% year on year in both reported and organic terms. As of this quarter, organic performance corresponds to cost and currency, not having any di...