Ermenegildo Zegna N.V. Ordinary Shares (ZGN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, good morning, everyone. Thank you for joining the Hermenegildo Zenger Group first quarter 2026 revenues call. Please note that today's material and presentation are available under the zengergroup.com website. Before we begin, we need to point out that the team will make certain forward-looking statements during the call. The group actual results may be materially different from those expressed or implied by these forward-looking statements. Also, these 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 2 of today's presentation. I'll now hand over to Paola Durante, Chief of External Relations and Sustainability. Thank you. Thank you, operator. And good morning. Good afternoon, everyone. Welcome to our first quarter 2026 revenue call. Today, I'm joined by our group CEO Gianluca Tagliabue, who will lead our call shortly. I will begin with a brief comment on our Q1 revenues before handing the floor to Gianluca. Let's therefore move directly to page seven of the presentation. As always, you know, I will comment on revenue, on organic revenue trend, because, you know, they better reflect the underlying business dynamics, excluding foreign exchange impacts. So, in Q1 2026, the group reported 417 million in revenues, which is up 7%, marking a sequential acceleration compared to the previous quarter. The performance was boosted by the DTC channel, which was up 14% at group level, with remarkable results across the three brands, all the three brands. Growth was positive in all regions, led by Americas, with a nice 17% growth, and a positive GCR, Great China Region, at plus 5%. So let's turn to page 8, where I will focu...