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  "documentTitle": "Zegna | Results Presentation Deck | 25 slides",
  "authorId": "zegna",
  "authorName": "Ermenegildo Zegna Group",
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  "presentationDate": "2023-01-01 00:00:00",
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  "notes": "Standard financial disclosure slide defining Adjusted EBIT and Adjusted EBIT Margin.",
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      "text": "Ermenegildo Zegna Group",
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      "text": "Zegna's management believes that these non-IFRS financial measures provide useful and relevant information regarding Zegna's financial performance and financial condition, and improve the ability of management and investors to assess and compare the financial performance and financial position of Zegna with those of other companies.",
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      "text": "Zegna's management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: adjusted earnings before interest and taxes (\"Adjusted EBIT\"), Adjusted EBIT Margin, Net Financial Indebtedness/(Cash Surplus) and revenues on a constant currency basis.",
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      "text": "Zegna's management uses Adjusted EBIT and Adjusted EBIT Margin for internal reporting to assess performance and as part of the forecasting, budgeting and decision-making processes as they provide additional transparency regarding Zegna's underlying operating performance.",
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      "text": "Adjusted EBIT and Adjusted EBIT Margin. Adjusted EBIT is defined as profit or loss before income taxes plus financial income, financial 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. Adjusted EBIT Margin is defined as Adjusted EBIT divided by revenues of the applicable period.",
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      "text": "Non-IFRS Financial Measures",
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