In This Article:
Ermenegildo Zegna (NYSE:ZGN) Full Year 2024 Results
Key Financial Results
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Revenue: €1.95b (up 2.2% from FY 2023).
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Net income: €77.1m (down 37% from FY 2023).
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Profit margin: 4.0% (down from 6.4% in FY 2023). The decrease in margin was driven by higher expenses.
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EPS: €0.31 (down from €0.49 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ermenegildo Zegna Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 7.7%.
The primary driver behind last 12 months revenue was the Zegna segment contributing a total revenue of €1.35b (69% of total revenue). The largest operating expense was General & Administrative costs, amounting to €991.2m (81% of total expenses). Explore how ZGN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.4% 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 up 6.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Ermenegildo Zegna has 1 warning sign we think you should be aware of.
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