Ermenegildo Zegna N.V. (ZGN) H1 2024 Earnings Call Transcript

Ermenegildo Zegna N.V. (NYSE:ZGN) H1 2024 Earnings Conference Call September 18, 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
Louise Singlehurst - Goldman Sachs

Operator

Good morning, good afternoon everyone. Please note that today's material and presentation are available under our zegnagroup.com website. Joining us today, the Ermenegildo Zegna Group leadership team.

Before we begin, I need to point out that we will make certain forward-looking statements during today's call. Our actual results may be materially different from those expressed or implied by these forward-looking statements. Also, 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 Gildo Zegna, Group Chairman and CEO.

Ermenegildo Zegna

Good morning and good afternoon. And thank you for joining today conference call on Ermenegildo Zegna Group, H1 2024 results. Before we speak about the numbers, let me make some comments on the sector and our strategy and then I'll let Gianluca to go in details through our results.

So far, 2024 has been challenging around the world and across many industries, including ours. The luxury sector is experiencing a deep normalization phase. These cycles happen, we have been through them before in our more than 100 years of history. And I know they might happen again in the future. It is our job to deal with them with pre-decision and sharp actions, not only to handle the current situation, but also if possible to come out stronger. This is what we did during COVID when we launched the One Brand strategy for Zegna. This is what we are doing now with some important