Ermenegildo Zegna Reports H1 Earnings with Adjusted EBIT Growth and Segment Performance Details
Ermenegildo Zegna N.V. reported adjusted earnings before interest and taxes (EBIT) of just over €74 million for the first half of 2026, up from €69 million in the same period last year. The increase was driven by a higher direct-to-consumer mix and improved operating leverage. However, reported profit fell to €28 million due to the absence of a prior-year gain related to remeasuring the Thom Browne put-option liability. The Zegna segment saw an adjusted EBIT margin improvement to 14.8%, while Tom Ford Fashion reduced its loss and Thom Browne swung into an €8 million deficit, primarily affected by currency impacts, inventory provisions, and restructuring costs. Management expects full-year 2026 adjusted EBIT of approximately €195 million and reaffirmed long-term targets for revenue and profitability in 2027.
Tickers: $ZGN
Topics: adjusted EBIT direct-to-consumer sales profitability segment performance