StockNews.AI
ZGN
StockNews.AI
145 days

Ermenegildo Zegna Group Reports Full Year 2024 Profit of €91 Million and Adjusted EBIT of €184 Million

1. ZGN reported FY 2024 profit of €90.9 million, down from €135.7 million. 2. Adjusted EBIT dropped to €184.0 million with a margin decrease.

2m saved
Insight
Article

FAQ

Why Bearish?

The significant drop in profit and margins indicates potential concerns. Historical examples show that similar reductions can negatively influence stock prices.

How important is it?

Financial performance directly affects investor sentiment and stock valuation. Lower profits may deter investment and impact ZGN's attractiveness.

Why Short Term?

Market reactions to financial results typically occur quickly. Short-term price adjustments may reflect these disappointing earnings.

Related Companies

LVMHKeringPrada
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 million in FY 2023 with an Adjusted EBIT Margin of 9.5% and revenues of €1,946.6 million, as announced on January 27, 2025. Erm.

Related News