Ermenegildo Zegna Group Reports First Half 2024 Revenues of €960 Million With Profit at €31 Million and Adjusted EBIT at €81 Million
Ermenegildo Zegna N.V. (ZGN)
Company Research
Source: Business Wire
Revenues of €960.1 million, up 6% from H1 2023 (+8% at constant currency and -2.7% organic1)Profit of €31.3 million (3.3% profit margin) compared to €52.1 million in H1 2023 (5.8% profit margin)Gross profit margin of 66.4% up 220bps from 64.2% in H1 2023Adjusted EBIT1 of €80.9 million with an Adjusted EBIT Margin of 8.4% (13.3% in H1 2023)Important investments to further strengthen Group’s brands concentrated in H1 2024 MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or “the Group”) today announced profit of €31.3 million in H1 2024 compared to €52.1 million in H1 2023. In H1 2024, Adjusted EBIT was equal to €80.9 million compared to €119.9 million in H1 2023.Ermenegildo “Gildo” Zegna, Group Chairman and CEO, said: “The first half of 2024 was marked by important investments in all three of our brands to further strengthen and foster ongoing value creation for each of them. We co
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News
- Zegna's controlling family shareholder raises stake in group [Yahoo! Finance Canada]Yahoo! Finance Canada
- Zegna's controlling family shareholder raises stake in group [Yahoo! Finance]Yahoo! Finance
- Monterubello, Ermenegildo Zegna Group’s Controlling Shareholder, Purchased 913,000 Shares and Intends to Acquire Additional 2 Million SharesBusiness Wire
- Ermenegildo Zegna (NYSE:ZGN) Eyes Expansion with Strong Earnings Growth and Strategic Management [Yahoo! Finance]Yahoo! Finance
- Ermenegildo Zegna N.V. (ZGN) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
ZGN
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 6-K
- 10/22/24 - Form 6-K
- ZGN's page on the SEC website