Financial Performance Overview - The group's revenue for H1 2025 was €133.395 million[96], impacted by macroeconomic trends and industry-wide challenges[31] - The group's gross profit margin decreased by 4% to 53.9%[43] due to sell-through of prior-season inventory, underutilized capacity, and changes in product mix[47] - The group's adjusted EBITDA decreased by 23% to -€51.930 million[43,96] due to negative operational leverage resulting from lower revenue[47] Brand-Level Performance - Lanvin's revenue declined by 42% to €27.932 million[63] due to weak wholesale in EMEA[66] - Wolford's revenue decreased by 23% to €32.985 million[68] reflecting residual impact from 3PL transition[71] - Sergio Rossi's revenue declined by 25% to €15.314 million[73], with DTC decreased by 21% and Wholesale decreased by 33%[77] - St John's revenue remained relatively flat at €39.654 million[79], with North America seeing a 4% growth[84] - Caruso's revenue declined by 11% to €17.627 million[86] due to a challenging global luxury and wholesale market[91] Strategic Initiatives - The group is implementing cost-efficiency initiatives by streamlining operations and reviewing retail footprint[20] - The group is focusing on targeted marketing to boost traffic and conversion rate ahead of new director's debut[20] - The group is building brand story and desirability at Lanvin and Sergio Rossi with new creative characters[58] - The group is upgrading store network, with disciplined new openings and underperforming locations rationalization[56]

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]

Lanvin Group Overall Performance - Lanvin Group's preliminary revenue for FY 2024 was €3282 million, a 230% decrease compared to FY 2023[14] - Total Brands revenue decreased by 232% from €427947 thousand in 2023 to €328648 thousand in 2024[64] - The group experienced a slowdown intensified throughout the year, especially in Greater China and wholesale[14] Regional Performance - North America accounted for 39% of total revenue in 2024, with a YoY decrease of 127%[13,64] - EMEA accounted for 44% of total revenue in 2024, with a YoY decrease of 28%[13,64] - Greater China accounted for 10% of total revenue in 2024, with a YoY decrease of 374%[13,64] Channel Performance - DTC (Direct-to-Consumer) channel accounted for 61% of total revenue in 2024, with a YoY decrease of 19%[13] - Wholesale channel accounted for 35% of total revenue in 2024, with a YoY decrease of 28%[13] Brand Performance - Lanvin's revenue declined by 26% from €112 million in 2023 to €83 million in 2024[23] - Wolford's revenue declined by 31%, dropping from €126 million in 2023 to €88 million in 2024[29] - Sergio Rossi's revenue declined by 30% from €60 million in 2023 to €42 million in 2024[39] - St John's revenue declined 12% from €90 million in 2023 to €79 million in 2024[48] - Caruso's revenues decreased slightly by 7% from €40 million in 2023 to €37 million in 2024[61]