Lanvin Group(US:LANV)2025-06-30 15:03Financial 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]