据Lanvin Group（复朗集团）2025年上半年财报显示，营收同比下降22%至1.33亿欧元，毛利为7200万 欧元，调整后EBITDA（息税折旧摊销前）亏损扩大至5200万欧元，所有品牌大中华市场销售额均以两 位数下滑。 期内，Lanvin品牌营收同比下降42%至2793万欧元，于EMEA市场营收同比下滑47.2%至1222万欧元； 北美市场营收同比下滑28.2%至861万欧元；大中华市场销售额同比下滑60.3%至378万欧元；其它市场 销售额同比下滑7.9%至332万欧元。 （Lanvin Group财报） Wolford上半年营收同比下降23%至3299万欧元，于EMEA 市场营收同比下滑19.9%至2118万欧元；北美 市场营收同比下滑31.3%至876万欧元；大中华市场销售额同比下滑13.6%至283万欧元；其它市场销售 额同比增长83.3%至22万欧元。 ...

Financial Data and Key Metrics Changes - For fiscal year 2024, global revenue was €329 million, a 23% decrease from fiscal year 2023, reflecting broader industry trends, particularly in EMEA and Greater China [4] - Gross margin remained stable at 56%, compared to 59% in the previous year, despite the revenue decline [5] - General and administrative (G&A) expenses were reduced by 15% year over year, demonstrating a streamlined cost structure [6] - Operating cash flow improved by 32% from 2020 to 2024, driven by reduced inventory days and tighter receivable management [6] Business Line Data and Key Metrics Changes - Caruso's contribution profit increased to €8.8 million in 2024, up from €3.2 million in 2022, reflecting a refined distribution strategy [8] - St. John's contribution profit grew from a loss in 2020 to €8 million in 2024, thanks to strategic investments in brand repositioning [8] - Lanvin's revenue increased to €82.7 million in 2024, more than doubling from €35 million in 2020, driven by investments in brand desirability [9] - Wolfer's revenue declined by 30% to €88 million due to macroeconomic volatilities and logistic disruptions [30] Market Data and Key Metrics Changes - EMEA and Greater China markets faced significant challenges, impacting overall performance [4][27] - St. John's North America market outperformed, contributing 94% of revenue, while international markets were streamlined [33] - Sergio Rossi's revenue declined by 30% to €42 million, with EMEA market down 35% due to wholesale conditions [31] Company Strategy and Development Direction - The company is focusing on operational efficiency and cost discipline as key pillars of its turnaround plan [10][11] - Strategic actions include consolidating the store network and concentrating on core business units [5] - The leadership changes, including the appointment of new creative directors, are expected to drive innovation and growth [13][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the macroeconomic turbulence and shifting consumer behaviors impacting performance [4] - Despite challenges, the company is optimistic about its ability to deliver sustainable growth and restore profitability in 2025 and beyond [24][37] - The company views challenges as catalysts for transformation, emphasizing a commitment to craftsmanship and brand relevance [24][37] Other Important Information - The company has made significant strides in cash management, with net cash used in operating activities improving by 27% since 2022 [12] - The appointment of new creative leadership is expected to have a significant impact on brand performance [13][22] Q&A Session Summary - The Q&A session was concluded without any specific questions being recorded, indicating a wrap-up of the conference call [39]