Ermenegildo Zegna Group Reports Full Year 2024 Profit of €91 Million and Adjusted EBIT of €184 Million
Ermenegildo Zegna N.V. (ZGN)
Company Research
Source: Business Wire
Revenues reached €1,946.6 million, up 2.2% YoY from €1,904.5 million in FY 2023, +3.4% at constant currency, -1.9% organic1Profit of €90.9 million, compared to €135.7 million in FY 2023. Profit performance in FY 2024 also reflects a normalized 30% effective tax rate compared to 20% in FY 2023Gross profit margin rose to 66.6%Adjusted EBIT1 of €184.0 millionProposed dividend per ordinary share of €0.12Strategic investments in talent acquisition, store network and marketing continued throughout the year, laying the foundations for sustainable growth at ZEGNA, Thom Browne and TOM FORD FASHIONMid-term targets updated 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 €90.9 million for FY 2024 with a Profit margin of 4.7%, compared to €135.7 million in FY 2023 (7.1% Profit margin).FY 2024 Adjusted EBIT was €184.0 million, compared to €220.2 milli
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News
- Norda Secures Second Round of Investment From Ermenegildo Zegna Group [Yahoo! Finance]Yahoo! Finance
- Multi-Generational Leadership Transition Could Be a Game Changer for Ermenegildo Zegna (ZGN) [Yahoo! Finance]Yahoo! Finance
- A Look at Zegna (NYSE:ZGN) Valuation After Strong Short-Term Share Price Gains [Yahoo! Finance]Yahoo! Finance
- Ermenegildo Zegna (NYSE:ZGN) was upgraded by analysts at Sanford C. Bernstein to a "strong-buy" rating.MarketBeat
- Ermenegildo Zegna (NYSE:ZGN) is now covered by analysts at Sanford C. Bernstein. They set an "outperform" rating on the stock.MarketBeat
ZGN
Sec Filings
- 12/4/25 - Form 144
- 11/24/25 - Form 6-K
- 10/23/25 - Form 6-K
- ZGN's page on the SEC website