Zegna posts 64 percent jump in 2017 net income

For the financial year 2017, Italian luxury menswear group Ermenegildo Zegna reported 2.3 percent revenue growth current exchange and 4.5 percent at constant exchange to 1.183 billion euros (1,463.6 billion dollars), reports Fashion Network. EBITDA for the year rose 12 percent to 142 million euros (175.6 million dollars), while net income jumped by 64 percent to 32.8 million euros (40.5 million dollars). The report added that the group’s net financial position improved from 233 million euros (288 million dollars) to 316 million euros (390.8 million dollars).