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  "documentTitle": "Zegna | Results Presentation Deck | 35 slides",
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  "authorName": "Ermenegildo Zegna Group",
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  "presentationDate": "2024-01-01 00:00:00",
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  "notes": "Standard financial disclosure slide defining non-GAAP metrics.",
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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, revenues on a constant currency basis (Constant Currency) and revenues on an organic growth basis (Organic Growth).",
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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... Zegna's management also believes that Adjusted EBIT and Adjusted EBIT Margin are useful for investors and analysts to better understand how management assesses Zegna's underlying operating performance.",
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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... While similar measures are widely used in the industry... they may not be comparable to other similarly named measures used by other companies.",
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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, foreign exchange losses/(gains) 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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