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]