Zegna Group reported a 53 per cent increase in net profit to €48 million in H1, FY25, despite a slight overall revenue decline. The company's revenues declined by 2 per cent to €928 million. This was largely due to the strong performance of its direct-to-consumer (DTC) channel, which saw 6 per cent organic growth.
The company's gross profit was €626 million, with a gross profit margin of 67.5 per cet. Adjusted operating profit (EBIT) was €69 million, reflecting a margin of 7.4 per cent.
The Zegna segment showed a particularly strong performance, with its operating profit improving by 150 basis points to 14.3 per cent. This strength helped offset the negative impact from strategic transformations at the Thom Browne and Tom Ford Fashion brands.
According to Ermenegildo ‘Gildo’ Zegna, Chairman and CEO, Zegna Group, these results prove the strength of their strategic focus on the DTC channel and improving operational efficiency across all three brands. He emphasized on the company's commitment to investing in long-term growth projects.
The CEO further noted, despite industry challenges and currency pressures, the company remains confident in achieving its 2027 goals, thanks to the strength of its supply chain, brand authenticity, and clear vision.
