Zegna
non financial measures group non provide useful and relevant information regarding performance and management monitors and evaluates operating and performance using several including adjusted earnings before interest and taxes adjusted adjusted margin adjusted profit loss adjusted basic earnings per share and adjusted diluted earnings per share net indebtedness cash and trade working capital believes that condition and improve the ability of management and investors to assess and compare the performance and position of with those of other companies they also provide comparable that facilitate management ability to identify operational trends as well as make decisions regarding future spending resource allocations and other strategic and operational decisions while similar are widely used in the industry in which operates the that uses may not be comparable to other similarly named used by other companies nor are they intended to be substitutes for of performance or position as prepared in accordance with management adjusted is defined as profit or loss before income taxes plus income expenses exchange losses and the result from investments accounted for using the equity method adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operating activities including for one or all of the periods presented and as further described below impairment of leased and owned stores costs related to and provision for severance expenses proceeds to exit an existing lease agreement key money and certain costs related to the disposal adjusted margin is defined as adjusted divided by revenues of the applicable period the business combination a special donation to the severance indemnities | Zegna
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Deck date
August 2022
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31 of 39
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