Ermenegildo Zegna ( (ZGN) ) has issued an announcement.
Ermenegildo Zegna reported a profit of €90.9 million for the fiscal year 2024, down from €135.7 million in 2023, attributed to a normalized tax rate and increased foreign exchange losses. Despite a challenging environment, the company achieved an adjusted EBIT of €184 million, driven by a disciplined approach to cost control and strategic investments in its brands, including ZEGNA, Thom Browne, and TOM FORD FASHION. The company emphasized the importance of maintaining brand identity and executing its vision to create value for stakeholders.
More about Ermenegildo Zegna
Ermenegildo Zegna is a prominent player in the luxury fashion industry, known for its high-end menswear and accessories. The company focuses on maintaining brand desirability and expanding its market presence through strategic investments in talent acquisition, store networks, and marketing initiatives.
YTD Price Performance: -11.50%
Average Trading Volume: 761,011
Technical Sentiment Signal: Buy
Current Market Cap: $2.88B
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