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  "documentTitle": "Zegna | Results Presentation Deck | 25 slides",
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  "authorName": "Ermenegildo Zegna Group",
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  "presentationDate": "2023-01-01 00:00:00",
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  "notes": "Includes a disclaimer regarding forward-looking assumptions and a footnote about the Tom Ford transaction.",
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      "text": "Assuming no further future escalation of the war in Ukraine, no significant macroeconomic deterioration, no further disruption linked to the COVID-19 pandemic in the Greater China Region or elsewhere, and no other unforeseen events.",
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      "text": "Despite the significant headwinds from the Greater China Region, for FY 2022 the Group expects a moderate improvement in Adjusted EBIT and a substantial improvement in Profit compared to 2021. The Group continues to expect an increase in Cash Surplus in the second half of 2022. Medium-term targets remain unchanged as Zegna continues to focus on executing its strategy, targeting €2 billion in revenues and 15% Adjusted EBIT margin in the medium term*, as disclosed at our CMD on 17 May, 2022.",
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      "text": "* Excluding the impact of the Tom Ford fashion business transaction announced on 15 November, 2022",
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      "text": "FY 2022 GUIDANCE UPDATE",
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