Zegna
non financial measures group adjusted profit represents profit adjusted for income and costs net of tax effects which are significant in nature and that management considers not reflective of underlying activities including for one or all of the periods presented and as further described below impairment of leased and owned stores costs related to the business combination a special donation to the severance indemnities and provision for severance expenses proceeds to exit an existing lease agreement key money certain costs related to the disposal and gains on the option realized in connection with the exercise of the option as well as the tax effects of the adjusting items calculated based on the applicable tax rates of the jurisdictions where the adjustments relate adjusted basic earnings per share and adjusted diluted earnings per share represent basic earnings per share and diluted earnings per share adjusted for income and costs net of tax effects which are significant in nature and that management considers not reflective of underlying activities including for one or all of the periods presented and as further described below impairment of leased and owned stores costs related to the business combination a special donation to the severance indemnities and provision for severance expenses proceeds to exit an existing lease agreement key money certain costs related to the disposal and gains on the option realized in connection with the exercise of the option as well as the tax effects of the adjusting items calculated based on the applicable tax rates of the jurisdictions where the adjustments relate and excluding the impact of non controlling interests on the adjusting items net indebtedness cash surplus is defined as the sum of borrowings current and non current derivative instruments loans and certain other liabilities recorded within other non current liabilities in the consolidated statement of position net of cash and cash equivalents derivative instruments and certain other current assets trade working capital is defined as current assets less current liabilities adjusted for derivative assets and liabilities tax assets and liabilities cash and cash equivalents assets and liabilities held for sale borrowings lease liabilities and other assets and liabilities trade working capital is anon measure | Zegna
Company
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Deck date
August 2022
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32 of 39
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