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

1. Zegna reported a significant profit decline for FY 2024. 2. Adjusted EBIT and profit margins decreased compared to FY 2023.

Earnings
+9.11%Current Return
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-2.17%S&P 500
$7.0803/27 07:42 AM EDTEvent Start
$7.72503/28 02:16 PM EDTLatest Updated
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FAQ

Why Bearish?

The profit decline and margin contraction indicate financial distress. Similar trends historically led to stock price drops in luxury goods sectors.

How important is it?

The financials presented directly impact investor decisions, affecting stock price. Poor earnings can hinder market confidence.

Why Short Term?

Immediate financial performance metrics typically influence investor sentiment quickly. Recent Q4 results may cause rapid stock price reactions.

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LVMHKeringHermès
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.

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