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Ermenegildo Zegna First Half 2024 Earnings: EPS: €0.10 (vs €0.19 in 1H 2023)

Simply Wall St·09/24/2024 10:30:05
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Ermenegildo Zegna (NYSE:ZGN) First Half 2024 Results

Key Financial Results

  • Revenue: €960.1m (up 6.3% from 1H 2023).
  • Net income: €25.1m (down 45% from 1H 2023).
  • Profit margin: 2.6% (down from 5.1% in 1H 2023). The decrease in margin was driven by higher expenses.
  • EPS: €0.10 (down from €0.19 in 1H 2023).
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NYSE:ZGN Earnings and Revenue Growth September 24th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ermenegildo Zegna Earnings Insights

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in the US.

Performance of the American Luxury industry.

The company's shares are down 21% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Ermenegildo Zegna that you should be aware of.