Ermenegildo Zegna NV

09/05/2025 | Press release | Distributed by Public on 09/05/2025 04:35

Ermenegildo Zegna N.V (Form 6-K)

Ermenegildo Zegna N.V.
Semi-Annual Report
At June 30, 2025 and for the six months ended June 30, 2025 and 2024
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TABLE OF CONTENTS
Page
BOARD OF DIRECTORS
2
CERTAIN DEFINED TERMS
2
INTRODUCTION
2
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
3
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
5
Overview
5
Results of Operations
7
Results by Segment
16
Liquidity and Capital Resources
21
Off-Balance Sheet Arrangements
27
Non-IFRS Financial Measures
28
Qualitative and Quantitative Information on Financial Risks
38
Recent Developments
38
SEMI-ANNUAL CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2025 AND FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED)
SEMI-ANNUAL CONDENSED CONSOLIDATED STATEMENT OF PROFIT
F-1
SEMI-ANNUAL CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
F-2
SEMI-ANNUAL CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
F-3
SEMI-ANNUAL CONDENSED CONSOLIDATED CASH FLOW STATEMENT
F-4
SEMI-ANNUAL CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
F-5
NOTES TO THE SEMI-ANNUAL CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
F-6
BOARD OF DIRECTORS
Chairman and Chief Executive Officer
Ermenegildo Zegna di Monte Rubello
Directors
Andrea C. Bonomi
Angelica Cheung
Domenico De Sole
Sergio P. Ermotti
Ronald B. Johnson
Valerie A. Mars
Michele Norsa
Henry Peter
Anna Zegna di Monte Rubello
Paolo Zegna di Monte Rubello
CERTAIN DEFINED TERMS
In this report (the "Semi-Annual Report"), the terms the "Company" refer to the Registrant, Ermenegildo Zegna N.V., a Dutch public limited liability company (naamloze vennootschap), and the terms "Ermenegildo Zegna Group" and the "Group" refer to the Company together with its consolidated subsidiaries. Unless otherwise specified, the terms "we", "our" and "us" refer to the Group or the Company, as the context may require.
INTRODUCTION
The Semi-Annual Condensed Consolidated Financial Statements at June 30, 2025 and for the six months ended June 30, 2025 and 2024 (the "Semi-Annual Condensed Consolidated Financial Statements") included in this Semi-Annual Report have been prepared in accordance with IAS 34 - Interim Financial Reporting as issued by the International Accounting Standards Board and as adopted by the European Union. The accounting principles applied are consistent with those used for the preparation of the annual consolidated financial statements at December 31, 2024 and December 31, 2023 and for each of the three years in the period ended December 31, 2024 (the "2024 Annual Consolidated Financial Statements"), except as otherwise stated in Note 2 - Basis of preparation and Note 3 - Summary of significant accounting policies to the Semi-Annual Condensed Consolidated Financial Statements included elsewhere within this Semi-Annual Report.
The Group's financial information is presented in Euro except that, in some instances, information is presented in U.S. Dollars. All references in this report to "Euro" and "€" refer to the currency introduced at the start of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Functioning of the European Union, as amended, and all references to "U.S. Dollars" and "US$" refer to the currency of the United States of America (the "United States").
Certain totals in the tables included in this document may not add due to rounding.
The Semi-Annual Condensed Consolidated Financial Statements included within this Semi-Annual Report are unaudited.
2
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