Core Insights - Lanvin Group has appointed Regis Rimbert as the new CEO of Wolford AG, effective June 14, 2024, succeeding Silvia Azzali who left for personal reasons [1] - Rimbert brings over 20 years of leadership experience in the fashion and luxury sectors, with a focus on transformative initiatives in retail and international operations [2] - The strategic mission for Rimbert includes international development, product line enrichment, and technological innovation to enhance accessibility of Wolford's high-quality products [2] Company Overview - Wolford is recognized as an iconic skinwear brand with a 70-year heritage, known for its exquisite fabrics and innovations, and is a key part of the Lanvin Group [3] - Lanvin Group is a leading global luxury fashion group based in Shanghai, managing several iconic brands and aiming for sustainable growth through strategic investments and operational expertise [4]

Financial Performance - The company incurred significant losses of €76.5 million, €239.8 million, and €146.3 million for the years ended December 31, 2021, 2022, and 2023, respectively, and anticipates continued losses in the upcoming years[49]. - The company anticipates continuing to incur losses for the current year and upcoming future years[41]. - The company expects to incur negative operating cash flows in the next few years and may need to raise substantial additional funding[45]. - The company may need to curtail or discontinue growth initiatives if unable to secure sufficient funding on acceptable terms[167]. - The company is subject to various legal and regulatory risks, including compliance with intellectual property laws and potential sanctions, which could adversely affect its operations and financial condition[121]. Revenue Sources and Shareholder Relations - Approximately 12.5% of the company's revenues in 2023 are derived from operations in the Greater China region[25]. - The company has not made any transfers, dividends, or distributions to shareholders as of the date of the annual report, except for a cash dividend of $1.0 million paid to Meritz in 2022 and 2023[36]. - The company relies on dividends from its operating subsidiaries to fund operations, and any limitations on these payments could adversely affect business conduct[164]. - The company’s ability to pay dividends significantly depends on the dividends received from its subsidiary, FFG[205]. Operational Risks - The company faces risks related to health epidemics, which may continue to adversely impact its business and financial condition[42]. - The company is dependent on a limited number of distribution facilities, and operational difficulties at these facilities could materially adversely affect its business[49]. - The company is exposed to risks related to currency exchange rate fluctuations, which could affect its financial performance[44]. - The company is subject to the risk of trading prohibitions under the Holding Foreign Companies Accountable Act if its auditor cannot be inspected for two consecutive years[37]. - The company is subject to strict data protection laws globally, and non-compliance could lead to reputational damage and legal consequences[100]. Market and Competitive Environment - The company faces intense competition in the personal luxury goods industry, which may impact its market share and results of operations[43]. - The company competes intensely in the luxury goods industry, focusing on brand recognition, product quality, and effective marketing strategies[85]. - The company faces challenges in accurately forecasting consumer demand, which could lead to excess inventory or shortages, adversely affecting profitability[76]. - Consumer spending behavior has been negatively influenced by job losses and reduced incomes, particularly affecting formalwear and high-heeled shoe sales[59]. Strategic Initiatives and Growth - Strategic initiatives include optimizing product category mixes, expanding global channels, and enhancing digital strategies to drive growth[61]. - The company is focused on retail expansion and acquiring new customers, but faces challenges in new markets, including competition and regulatory issues[66]. - E-commerce is a rapidly growing segment, but the company must address risks related to technology, fulfillment, and consumer satisfaction to succeed[71]. - Acquisitions are a key growth strategy, but the company acknowledges risks related to identifying suitable targets and the complexities of integration, which may not yield expected benefits[112]. Legal and Regulatory Compliance - The company is subject to legal and regulatory risks, including potential litigation and compliance issues, which could impact its reputation and operations[43]. - The company may face increased legal and financial compliance costs due to changing laws and regulations, which could adversely affect its business operations[185]. - The company is obligated to maintain a coverage ratio of at least 150%, and if it falls below this threshold, it may need to provide additional security or cash to Meritz[210]. - The company has identified material weaknesses in its internal control over financial reporting as of December 31, 2023, which could impair the accuracy of financial statements[212]. Brand and Market Position - The company’s brand value is critical to its success, and any diminishment in brand perception could adversely affect sales and pricing[54]. - The company is currently facing challenges regarding the re-branding to Lanvin Group, with minority shareholders contesting the use of the "Lanvin" name[50]. - The company must navigate risks from counterfeit products that could harm brand reputation and market share[80]. - The company may need to increase marketing and advertising spend to combat the effects of counterfeit goods on brand reputation[82]. Economic and Geopolitical Factors - Global economic, political, and social conditions significantly influence the company's business, with recent geopolitical tensions potentially affecting demand and competitive position[137]. - The ongoing conflict in Ukraine and related sanctions may adversely affect the company's supply chain and customer base, impacting financial performance[159]. - Future economic conditions, including volatility in financial markets, may adversely affect customer orders and payment capabilities[102]. Environmental and Social Governance (ESG) - The company is developing a sustainability strategy and ESG goals, with the potential for increased costs and investments that could adversely affect results if stakeholder expectations are not met[127]. - The company is subject to risks associated with climate change and increased focus on environmental, social, and governance (ESG) matters, which could impact its operations[43].

Revenue Performance - Revenue for FY2023 reached €426 million, a 1% increase year-over-year despite macroeconomic challenges[1] - Revenue for FY 2023 was €426,178 thousand, a slight increase from €422,312 thousand in FY 2022, representing a growth of 0.2%[30] - Lanvin's revenues for 2022 reached €119,847 thousand, a 64% increase from 2021, but decreased by 7% to €111,740 thousand in 2023[33] - Wolford's revenues for 2023 were €126,280 thousand, a 1% increase from 2022, with a CAGR of 10% from 2020 to 2023[34] - Sergio Rossi's revenues in 2023 were €59,518 thousand, reflecting a 4% decrease from 2022, despite a significant growth of 116% from 2020 to 2021[35] - Direct-to-Consumer (DTC) sales for Wolford accounted for 69% of total revenues in 2023, totaling €87,352 thousand[34] - Caruso Brand's revenues grew significantly by 30% from €30,819K in 2022 to €40,011K in 2023[37] - The overall revenue for the Lanvin Group increased from €308,822K in 2021 to €422,312K in 2022, showing a compound annual growth rate (CAGR) of 15%[41] Profitability Metrics - Gross profit increased to €251 million, representing a gross margin of 59%, up from 56% in 2022[11] - Contribution profit improved to €24 million, with a margin of 6%, an increase of €11 million from 2022[12] - Contribution profit for FY 2023 was €24,192 thousand, a significant increase from €13,211 thousand in FY 2022, marking a growth of 83.5%[30] - Lanvin's contribution profit improved from -24,096 thousand in 2021 to -11,986 thousand in 2023, indicating a positive trend[33] - Sergio Rossi's gross profit margin increased to 51% in 2023, with gross profit of €30,435 thousand[35] - Caruso Brand's gross profit margin increased from 18% in 2021 to 28% in 2023, reflecting better cost management[37] - St. John Brand's contribution profit rose to €10,679K in 2023, maintaining a contribution margin of 12%[36] Cost Management and Expenses - Adjusted EBITDA loss improved to (15%) of sales, compared to (17%) in 2022[13] - Adjusted EBITDA for FY 2023 was reported at €-64,173 thousand, an improvement from €-71,958 thousand in FY 2022, reflecting a 10.5% reduction in losses[30] - Marketing and selling expenses remained stable at 53% of revenue in FY 2023, consistent with FY 2022[30] - Non-underlying items for FY 2023 resulted in a loss of €3,858 thousand, a significant improvement from a loss of €83,057 thousand in FY 2022[30] - Finance costs increased to €20,431 thousand in FY 2023, up from €14,556 thousand in FY 2022, representing a rise of 40.5%[30] Asset and Liability Management - Non-current assets increased from €451,902 thousand in FY 2022 to €481,313 thousand in FY 2023, reflecting a growth of 6.5%[31] - Current assets decreased from €280,326 thousand in FY 2022 to €206,621 thousand in FY 2023, a decline of 26.3%[31] - Total assets decreased from €732,228 thousand in FY 2022 to €687,934 thousand in FY 2023, a reduction of 6.0%[31] - Net cash used in operating activities improved from -€80,851 thousand in FY 2022 to -€57,891 thousand in FY 2023, a decrease in cash outflow of 28.4%[32] - Cash and cash equivalents at the end of FY 2023 were €27,850 thousand, down from €91,749 thousand in FY 2022, a decrease of 69.7%[32] - Net cash flows generated from financing activities decreased from €104,937 thousand in FY 2022 to €34,131 thousand in FY 2023, a decline of 67.5%[32] - Non-current borrowings increased significantly from €181,115 thousand in FY 2022 to €323,381 thousand in FY 2023, an increase of 78.5%[31] - Total liabilities increased from €431,422 thousand in FY 2022 to €522,306 thousand in FY 2023, an increase of 21.1%[31] Regional Performance - E-Commerce sales grew by 3%, while overall DTC and Wholesale channels remained flat[7] - APAC region showed nearly 8% growth, highlighting steady regional performance[1] - North America revenues grew by 79% from 2021 to 2022, but saw a slight decline of 1% in 2023, totaling €28,210 thousand[33] - EMEA region contributed 46% to Lanvin's total revenues in 2023, amounting to €51,585 thousand[33] - The EMEA region saw a revenue increase of 26% for St. John Brand from €1,224K in 2022 to €1,541K in 2023[36] Strategic Initiatives - The Group plans to achieve cash flow breakeven by 2025, with Caruso reaching breakeven Adjusted EBITDA in 2023[1] - The Group aims to expand its strategic partnerships to facilitate regional growth and improve logistics in 2024[18] - The company anticipates continued growth opportunities despite potential risks, including market competition and economic conditions[25] - Lanvin Group emphasizes the importance of non-IFRS financial measures to provide supplemental information for evaluating projected operating results[26] Store Operations - The Group closed 36 stores but opened 24 new retail locations, including its first in the Middle East[9] - The total number of Directly Operated Stores (DOS) for St. John decreased from 48 in 2022 to 45 in 2023, while the Point of Sales (POS) remained stable[38]

Financial Data and Key Metrics Changes - The company achieved revenue of €426 million in 2023, a 1% increase from €422 million in 2022, with a three-year compound annual growth rate of 24% since 2020 [5][11] - Gross profit increased to €251 million, with a gross margin improvement to 59% from 56% in 2022 [5][42] - Adjusted EBITDA margin improved by nearly 200 basis points, with contribution profit margin increasing by 255 basis points [13][43] Business Line Data and Key Metrics Changes - The Lanvin brand experienced a revenue decrease of 7% for the year, an improvement from an 11% decrease in the first half of 2022 [44] - Wolford achieved a modest 1% same-store sales growth in 2023, with a notable 11% increase in wholesale revenue [21][22] - St. John reported a 5% growth in revenue, with DTC revenue growing by 7% and e-commerce growth of 14% [47] Market Data and Key Metrics Changes - The APAC region reported nearly 8% growth, with Greater China growing by 9% [11] - The Asia Pacific region for Wolford saw an impressive 32% growth, while retail faced a decline of 3% [22] - Sergio Rossi experienced a 70% revenue growth in North America, with e-commerce growing over 5% [34] Company Strategy and Development Direction - The company is focusing on expanding its retail footprint, with plans for new openings in the Middle East and other key regions [7][12] - A strategic partnership ecosystem is being leveraged to enhance product offerings and service [8] - The company aims to balance regional growth and capitalize on opportunities in both retail and online channels [50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic headwinds and achieving profitability goals despite challenges [5][10] - The company anticipates continued growth and profitability in 2024, with a focus on improving cash flow efficiency [43][50] - Management highlighted the importance of adapting strategies to changing market conditions and consumer preferences [54][66] Other Important Information - The reacquisition of Lanvin's Japan license is expected to drive further development in that market [12][40] - The introduction of new product lines and marketing strategies is aimed at enhancing brand equity and customer engagement [16][28] Q&A Session Summary Question: Performance year-to-date in 2024 by region - Management noted a general softness in the market in Q1 2024, prompting a shift in strategy to better align with current economic conditions [54][55] Question: Insights on Lanvin Lab and its margin impact - Lanvin Lab is positioned as a cultural brand initiative, providing additional revenue while enhancing brand visibility and engagement [58][60] Question: Drivers behind increased CapEx - CapEx was driven by new store openings and ongoing rationalization efforts, with a target to maintain it at a single-digit percentage of sales for 2024 [61][62] Question: Target for group-wide breakeven on EBITDA margin - The company is now aiming for cash breakeven at a group level by 2025, adjusting for unforeseen macroeconomic challenges [66] Question: Trends in marketing and selling expenses - The company plans to continue investing in brand marketing while rationalizing costs to improve overall profitability [70]

Revenue Continues Year-over-Year Growth Trend Revenue of €426 million for FY2023, a 1% increase over FY2022 despite macroeconomic headwinds Continued margin improvement with Group gross profit margin increasing to 59% and both contribution profit(1) and adjusted EBITDA margins steadily improving Resilient performance of the brands through challenging market environment; Lanvin brand showed improving trend in the second half of the year while overall industry faced strong headwinds Steady regional performan ...

NEW YORK, April 22, 2024 /PRNewswire/ -- Lanvin Group (NYSE: LANV, the "Group"), a global luxury fashion group, will release its audited results for the full-year 2023 on Tuesday, April 30, 2024. On the same day, at 8:00 a.m. Eastern Daylight Time (8:00 p.m. China Standard Time), the Group will host a conference call and webcast to discuss the released results and provide an outlook for 2024. Management will refer to a slide presentation during the call, which will be made available on the day of the call. ...

Lanvin Group Holdings Limited (NYSE:LANV) 2023 Sales/ Trading Statement Call February 21, 2024 8:00 AM ET Company Participants Eric Chan - Chief Executive Officer David Chan - Executive President & Chief Financial Officer, Conference Call Participants Tracy Kogan - Citi Oliver Chen - TD Cowen Liwei Hou - CICC Operator Thank you for joining us, and welcome to the Lanvin Group's Fiscal year 2023 Revenue Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today' ...

Forward-Looking Statements This presentation, including the sections “LANVIN GROUP 2023 PRELIMINARY REVENUES”, “2024 GUIDANCE”, “BRAND-LEVEL 2023 PRELIMINARY REVENUE” and “APPENDIX”, contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “pr ...

Revenue of €426 million for FY2023, a 1% increase over FY 2022 Despite challenging conditions, Lanvin Group grew revenue by 8% in APAC Resiliency through creative transition at Lanvin brand helped improve sales trend in the second half of 2023 Positive signals in the DTC channel, including e-Commerce are proving the effectiveness of the Group's strategy Ongoing implementation of strategic plans in 2023 to drive further revenue growth and margin improvement NEW YORK, Feb. 21, 2024 /PRNewswire/ -- Lanvin Gr ...

Exhibit 99.1 Semi-Annual Report As of and for the six months ended June 30, 2023 TABLE OF CONTENTS Page CERTAIN DEFINED TERMS 2 INTRODUCTION 2 NOTE ON PRESENTATION 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 4 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) AT AND FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022 INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS F-1 INTERIM CONDENSED CO ...