Zegna's adjusted operating profit falls 16% in 2024
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
Zegna's 2024 operating profit fell 16% to 184 million euros, with a 1.9% revenue decline. The company forecasts revenue growth by 2027.
MILANO (Reuters) - Adjusted operating profit at Italian luxury menswear group Ermenegildo Zegna declined to 184 million euros ($198 million) last year, from 220 million euros a year earlier.
The group, where revenues fell 1.9% last year to 1.95 billion euros, said it now expects revenues in the range of 2.2 billion to 2.4 billion euros in 2027.
Adjusted earnings before interest and tax are expected to reach 250-300 million euros the same year. ($1 = 0.9277 euros)
(Reporting by Elisa Anzolin; Editing by Valentina Za)
The article discusses Zegna's 16% decline in operating profit for 2024 and their future revenue forecasts.
Zegna expects revenues to be between 2.2 and 2.4 billion euros by 2027.
Zegna's revenue declined by 1.9% to 1.95 billion euros in 2024.
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