Ermenegildo Zegna H2 Earnings Call Highlights

Reported profit rose to EUR 109 million from EUR 91 million in the prior year. Tagliabue attributed part of the change in the tax line to a lower effective tax rate of 22% (from 30% last year), citing non-taxable income in 2025 related to the remeasurement of put option liabilities, “mainly the one on the remaining 8% stake on Thom Browne.”The group posted a 67.5% gross margin and adjusted EBIT of EUR 163 million , which included EUR 10 million of provisions tied to expected losses on trade receivables rela ...