Ermenegildo Zegna (ZGN) has released an update.
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Ermenegildo Zegna Group’s first half of 2024 shows a revenue increase to €960 million, a 6% rise year-on-year, though profits dipped to €31 million from €52 million in H1 2023. Despite a challenging economic environment, the luxury fashion company has made significant investments in their brands and strategies, resulting in a gross profit margin boost to 66.4%. The company remains optimistic about its long-term brand potential despite a lower adjusted EBIT margin of 8.4%, down from 13.3% the previous year.
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