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
- Will Weakness in Ermenegildo Zegna N.V.'s (NYSE:ZGN) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Ermenegildo Zegna (NYSE: ZGN) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $9.80 price target on the stock, down previously from $13.00.MarketBeat
- Where Does Ermenegildo Zegna N.V. (ZGN) Stand Against Other Top Luxury Clothing Stocks to Invest in Now? [Yahoo! Finance]Yahoo! Finance
- Luxury Fibers Industry Research Report 2024-2030: Durability and Quality Drive Consumer Shift Towards Luxury Textile Products [Yahoo! Finance]Yahoo! Finance
- Is Ermenegildo Zegna N.V. (ZGN) a Good Clothing Stock To Add To Your Portfolio? [Yahoo! Finance]Yahoo! Finance
ZGN
Sec Filings
- 9/18/24 - Form 6-K
- 9/18/24 - Form 6-K
- 9/11/24 - Form 6-K
- ZGN's page on the SEC website