Shares of Ermenegildo Zegna NV (NYSE: ZGN) surged 12.92% in pre-market trading on Thursday, following the luxury fashion group's release of its full-year 2024 financial results. The company demonstrated resilience in a challenging environment, reporting a profit of €91 million and an Adjusted EBIT of €184 million for the year. While these figures showed a decline from the previous year, revenues reached €1,946.6 million, up 2.2% year-over-year, with organic growth in key segments.

Ermenegildo "Gildo" Zegna, Group Chairman and CEO, highlighted the company's disciplined approach and strategic investments, stating, "Despite a challenging environment in 2024, the Group achieved Adjusted EBIT of €184 million. ZEGNA led this performance, driven by the brand's distinctive competitive edge and management's commitment to delivering results." The company maintained a focus on enhancing brand desirability while ensuring strict cost control, and continued to invest in talent acquisition, store networks, and marketing throughout the year.

Investors were particularly encouraged by Zegna's updated medium-term targets, which project revenues in the range of €2,200-€2,400 million and an Adjusted EBIT of €250-€300 million by 2027. This optimistic outlook, coupled with the company's strategic investments in its brands and its unique Filiera - the Group's R&D powerhouse - appears to be driving the significant pre-market rally. The company's ability to navigate challenges while positioning itself for future growth has resonated strongly with investors, as reflected in the substantial stock price increase.