Zegna SPAC Presentation Deck
IFRS RECONCILIATIONS (2/6)
€m
Zegna Segment Core Adj. EBIT
Thom Browne Segment Adj. EBIT
Core Adj. EBIT
Disposition reversal
Adj. EBIT
Adjustments / Reconciling Items¹
Operating profit (IFRS)
Financial income / (expenses)
Exchange gains / (losses)
Revaluations/(write downs) of equity investments
Income taxes
Profit/ (loss) for the year (IFRS)
Ermenegildo Zegna Group
Core Adj. EBIT reconciliation (€m)
2018A
99
4
103
(3)
100
(9)
91
(21)
(5)
(4)
(25)
36
2019A
94
22
116
(5)
111
(14)
97
(7)
(10)
(2)
(41)
38
2020A
(10)
27
17
(4)
13
(41)
(28)
(7)
7
(9)
(8)
(45)
Source: Company information
Notes: See Glossary for relevant definitions
1. Including severance expenses and indemnities, impairment losses on property plants and equipment, intangible assets with a finite useful life and right-of-use assets,
impairment losses on held for sale assets, donations granted during Covid-19 pandemic and certain items of income / (expenses), that impact the comparability of
historical results and are not considered attributable to the normal operational management of the Zegna Group Business
CONFIDENTIAL
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