Ermenegildo Zegna Reports Higher H1 Operating Profit Driven by Stronger Brand Margins
In the first half of 2026, Ermenegildo Zegna Group reported an operating profit of €68.5 million, up from €61.3 million in the same period a year earlier. The increase was primarily driven by improved performance at its namesake brand and higher revenues per square meter across stores. EBIT for Zegna rose to €106.9 million compared with €94.4 million in 2025. Despite this, net profit fell sharply from €47.9 million in the first half of 2025 to €28.4 million due to a one-time financial gain recognized last year and higher tax rates. The group also faced increased financial expenses and reduced foreign exchange gains compared with the prior period. Sales for H1 rose by 6.4% to €987.3 million, or organically by 9.3%. Zegna brand sales surged 16.9%, while Thom Browne revenues remained flat at €64.9 million due to wholesale rationalization.
Tickers: $ZGN
Topics: Company Strategy EBIT Growth Fashion Industry Operating Profit