Zegna Results Presentation Deck
FY 2021 RESULTS -INCOME STATEMENT HIGHLIGHTS Ermenegildo Zegna Group
●
DISECTING ADJUSTMENTS
Costs related to the Business Combination * of €205
million
●
Of which 72% are non-cash transaction
accounting adjustments
Other adjustments equal to €17 million before taxes
●
• Mostly related to early termination of leases,
impairments and severance
Offset by non-recurring positive adjustments
* Business Combination means the business combination between Zegna and IIAC, which was completed on December 17, 2021
(Euro million in Actual FX)
(Loss)/Profit for the year
Costs related to the Business Combination
Costs related to lease agreements
Severance indemnities and provision for severance expenses
Impairment of property, plant and equipment and right-of-use assets
Other
Gain on Thom Browne option
Impairment of investments accounted for using the equity method
Tax effects on adjusting items
Subtotal Adjustments
Adjustments arising
below the reported
Operating (Loss)/Profit
Adj. Profit/(Loss)
2021A
(127.7)
205.3
15.5
9.0
8.7
4.9
(20.7)
0.0
(19.8)
203.0
75.3
2020A
(46.5)
0.0
3.0
12.3
19.7
7.5
0.0
4.5
(5.3)
41.8
(4.8)
2019A
25.4
0.0
0.0
9.8
8.9
0.0
0.0
0.0
(1.0)
17.6
43.0
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