Ermenegildo Zegna N.V. (ZGN) reported first half profit of 31.3 million euros compared to 52.1 million euros, prior year. Adjusted EBIT was 80.9 million euros compared to 119.9 million euros. First half revenues were 960.1 million euros, up 6.3% from last year, and down 2.7% organic.
Ermenegildo "Gildo" Zegna, CEO, said: "Our first half operating results - with Adjusted EBIT Margin at 8.4% compared to 13.3%, prior year, were also affected by our decision to continue investing in key projects, some of which were concentrated in the first six months of the year. Along with these investments, we have also implemented cost controls while continuing to operate with appropriate caution."
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.