Ermenegildo Zegna’s first half operating profit jumps 45%

Italian fashion group Ermenegildo Zegna said on Wednesday its first-half adjusted operating profit grew 45% to 120 million euros ($129 million).

Group revenues reached 903 million euros in the first six months of the year, up by 24%, as previously announced in July.

“We are encouraged by the strong growth we are seeing in the United States and EMEA but also acknowledge the impact of a milder recovery in Greater China”, Chairman and Chief Executive Gildo Zegna said in a statement.

The group said it will hold a capital market day on Dec. 5 to unveil its updated medium and long-term financial goals, including for the Tom Ford Fashion segment.

($1 = 0.9316 euros)