Ermenegildo Zegna N.V. (NYSE:ZGN) Q2 2023 Earnings Conference Call September 13, 2023 7:00 AM ET

Company Participants

Francesca Di Pasquantonio - Director, IR

Ermenegildo Zegna - Chairman & CEO

Gianluca Tagliabue - CFO & COO

Rodrigo Bazan - CEO, Thom Browne

Conference Call Participants

Chris Huang - UBS

Matthew Garland - Deutsche Bank

Daria Nasledysheva - Bank of America

Operator

Thank you for standing by, and welcome to the Ermenegildo Zegna Group 2023 First Half Results Conference. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] And finally, I would like to advise all participants that this call is being recorded. Thank you.

I'd now like to hand over to Francesca to start the conference. Francesca, over to you.

Francesca Di Pasquantonio

Hi. Good morning, everyone, and thank you for joining us, as we discuss Zegna Group's results for the first half of 2023. Today's presentation materials are available on our website. You can find the materials and the related press release under the Investors page of our group website. Joining us today are Chairman and CEO, Gildo Zegna; COO and CFO, Gianluca Tagliabue; and Rodrigo Bazan, CEO of Thom Browne.

Before we begin, I need to point out that we may make certain forward-looking statements during the call. Our actual results may be materially different from those expressed or implied by the forward-looking statements. All such statements are subject to a number of risks and uncertainties, including those discussed in our SEC filings. I refer you to the safe harbor statement, which is included on Page 2 of today's presentation, and this call will be governed by that language.

I am pleased to now hand the call over to Gildo Zegna.

Ermenegildo Zegna

Thank you, Francesca, and welcome to everybody who is joining us today. As you saw from our revenue when we shared them back in July, the first half of this year showed that our brands continue to resonate strongly with customer worldwide. Today, we are excited to share further details from that period that shows that we are on the trajectory to meet our mid-term financial targets and that our strategy is working to get us there.

The past year has been marked by a dynamic operating environment, which has made many of us around the world more cautious about our outlook on Mainland China. However, even amid those circumstances, our strategy and the trends we see across our business continue to be encouraging. We can be particularly proud of a number of milestones that we have achieved. We are a stronger player today and thanks to our strong management team, we have been sharpening our execution.