Financial Performance Overview - Lanvin Group's H1 2024 revenue was €170976 thousand, impacted by macroeconomic trends and wholesale challenges[100] - The group's gross profit margin remained relatively stable, decreasing by 1% from H1 23 to H1 24[48] - Adjusted EBITDA decreased by 3% from -€41 million in H1 23 to -€42 million in H1 24[48] - The group's contribution profit margin decreased from 69% in H1 23 to -42% in H1 24[44] Brand-Specific Highlights - Lanvin's revenue decreased by 154% year-over-year, but APAC excluding Greater China grew by 9%[74] - Wolford's revenue decreased by 276%, impacted by 3PL transition issues and wholesale trends[76] - Sergio Rossi's revenue declined by 38%, driven by a 60% decrease in wholesale[86] - St John's revenue decreased by 143%, but gross margin improved significantly from 62% to 69%[88, 91] - Caruso's revenue was relatively flat, declining by 1%, but the Caruso brand business grew by 21%[93, 97] Cost Efficiency and Strategic Initiatives - The group is implementing cost-efficiency initiatives to maintain margin improvement[23] - G&A expenses decreased year-over-year across brands, with Lanvin improving by 29%, Wolford by 11%, St John by 9%, and Caruso by 4%[50] - The group is working on new partnerships for Middle East expansion, product category expansion, and global logistics support[25]

Financial Performance Summary - Lanvin Group's revenue for FY 2024 was €329 million, a 23% decrease compared to FY 2023 [17] - The group's gross profit margin decreased from 59% in 2023 to 56% in 2024 [127] - Adjusted EBITDA margin decreased from -15% in 2023 to -28% in 2024 [127] - Lanvin brand revenue decreased by 26%, from €111740 thousand in 2023 to €82720 thousand in 2024 [146, 174] - Wolford's revenue declined by 30%, from €126 million in 2023 to €88 million in 2024 [151, 149] - Sergio Rossi's revenue decreased by 30% from approximately €60 million in 2023 to €42 million in 2024 [153, 152] - St John's revenue decreased by 12% from €90 million in 2023 to €79 million in 2024 [162, 159] - Caruso's revenue decreased slightly by 7% from €40 million in 2023 to €37 million in 2024 [166, 164] Strategic Initiatives and Operational Efficiency - Implemented measures to reduce G&A expenses and improve working capital management [17] - Proactively consolidated stores network to optimize the retail footprint [17] - G&A expenses reduced by 14% [146] - Streamlined the Sergio Rossi network by focusing on key locations and closure of underperforming stores [83] Regional Performance - North America outperformed other key markets [109] - International revenue for St John decreased by 46% [162]