Zegna Results Presentation Deck
1H 2022 RESULTS -INCOME STATEMENT HIGHLIGHTS Ermenegildo Zegna Group
Consolidated Statement of Profit & Loss (reported)
(Euro Million in Actual Fx)
Revenues
Other income
Cost of raw materials and consumables
Purchased, outsourced and other costs
Personnel costs
Depreciation, amortization and impairment of assets
Write downs and other provisions
Other operating costs
Operating Profit
Financial income
Financial expenses
Foreign exchange losses
Result from investments accounted for using the equity method
Impairments of investments accounted for using the equity method
Profit before taxes
Income taxes
Profit
Attributable to:
Shareholders of the parent company
Non-controlling interests
Basic earnings per share in Euro
Diluted earnings per share in Euro
1H22
729.0
6.0
(162.5)
(187.3)
(198.5)
(88.2)
(0.7)
(16.4)
81.4
15.9
(42.0)
(9.9)
2.7
48.1
(27.1)
21.0
14.0
7.0
0.06
0.06
1H21
603.3
5.4
(161.3)
(138.0)
(160.2)
(78.6)
(3.2)
(15.7)
51.7
32.5
(16.7)
(2.7)
(0.3)
64.5
(32.3)
32.2
28.2
4.1
0.14
0.14
4€ vs 1H21
+125.7
+0.7
(1.2)
(49.3)
(38.3)
(9.6)
+2.5
(0.7)
+29.6
(16.6)
(25.3)
(7.2)
+3.0
(16.4)
+5.2
(11.2)
(0.08)
(0.08)
4% vs 1H21
+21%
+12%
(1%)
(36%)
(24%)
(12%)
+79%
(5%)
+57%
n.s.
n.s.
n.s.
n.s.
(25%)
+16%
(35%)
(58%)
(58%)
(17%)
Costs growing slower than revenues,
of which
higher corporate structure costs
from being a public company
higher marketing expenses
H
Impact from €28 million increase in
the value of the put option liability*
on the 10% Thom Browne stake
which the Group does not own. This
compares with a €21 million income
reported in the first half of 2021 in
relation to the purchase of a 5% stake
in Thom Browne.
* The remeasurement of the liability has been driven by (i) a higher present value of the obligation under the put option, in line with the Thom Browne performance and its mid-term
ambitions disclosed at the Capital Markets Day; and (ii) the negative foreign exchange impact from a stronger US dollar against the euro.
23View entire presentation