Zegna's adjusted operating profit falls 16% in 2024

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)