Italian fashion group Zegna has launched a guide for 2022

The interior of the Ermenegildo Zegna store is seen in Rome, Italy on December 20, 2021. REUTERS/Yara Nardi

MILAN, Aug 26 (Reuters) – Italian fashion group Ermenegildo Zegna raised its full-year guidance on Friday after reporting a 21% rise in half-year revenue.

The company, which is listed in New York, said it now expects revenue growth in the mid-teens as a percentage of the low-teens, compared to previous guidance.

He forecast a “strong improvement” in adjusted earnings before interest and tax (EBIT), having previously spoken only of improvement.

While our current performance is strong, including a healthy recovery in the Greater China region, the global geopolitical and economic outlook remains uncertain.

I am confident that we will remain on track as we execute our strategy to achieve our new 2022 guidance.

The family-controlled group that controls Italian luxury menswear brand Zegna and U.S. label Thom Browne said revenue rose 21 percent to 729 million euros ($729 million) in the first six months of 2022, while adjusted EBIT rose 24 percent to 82.7 million euros.

($1 = 0.9994 EUR)

Writing with Kitware; Editing by Jason Neely

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