Lanvin Group Holdings Limited · NYSE:LANV
Lanvin — FY2025 Earnings Presentation
42 slides from Lanvin's earnings presentation, Apr 30, 2026
Slide 1: Lanvin Group 2025 Full-Year Results
LANVIN GROUP 2025 FULL - YEAR RESULTS April 30, 2026
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements This presentation, including the sections “2026 GUIDANCE”, “BRAND-LEVEL PERFORMANCE” and “APPENDIX”, contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking
Slide 3: Building the New Luxury
BUILDING THE NEW LUXURY Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China and Milan, Italy, managing iconic brands worldwide, including Lanvin, Wolford, Sergio Rossi and St. John Knits. Harnessing the power of its unique strategic alliance of industry-leading par
Slide 4: Table of Contents
TABLE OF CONTENTS PAGE 9 A UNIQUE GLOBAL LUXURY PLATFORM PAGE 19 GROUP CONSOLIDATED FINANCIAL RESULTS PAGE 13 2025 KEY STRATEGIES AND ACHIEVEMENTS PAGE 27 BRAND - LEVEL PERFORMANCE 4
Slide 5: Overview of 2025 Results
OVERVIEW OF 2025 RESULTS Revenue of €240M in FY2025, down 18% year-on-year, with 01 Lanvin and Wolford showing sequential improvement in H2 Continued to streamline the retail footprint, focusing on core 02 business units and key regions to enhance operational efficiency, which improved EBITDA despit
Slide 6: Lanvin Group at a Glance
LANVIN GROUP AT A GLANCE 2025 2025 2020-2025 Global Revenue Global Gross Margin Global Revenue CAGR € 240 mm 58% +4% 2025 vs. 2024 2025 2025H2 vs. H1 SG&A Expenses Savings Directly Operated Stores(1) Contribution Profit(2) Improvement 12% 174 40% Shifting to an asset-light model Refocused retail net
Slide 7: Improving Trajectory
IMPROVING TRAJECTORY SIGN OF GROSS PROFIT RECOVERY IN H2 AND OPEX OPTIMIZATION SUPPORTED IMPROVED OPERATING LEVERAGE Gross Profit Evolution ( € in mm) Opex (1) Evolution ( € in mm) € 93 € 158 € 158 € 80 € 139 € 139 € 73 € 67 24H1 24H2 25H1 25H2 24H1 24H2 25H1 25H2 Note: Prior periods have been resta
Slide 8: New Chapter and Leadership Team Upgrade
NEW CHAPTER AND LEADERSHIP TEAM UPGRADE NEW APPOINTMENTS MARKING THE OPENING OF AN EXCITING NEW CHAPTER Mandy West MARCO POZZO • Joined St John Knits in 2019 • Joined Wolford as Deputy CEO in July 2025 • most recently served as chief commercial officer, also held • Senior executive with global the r
Slide 9: Our Unique Global Platform and Resilient Strategies Delivered Growth
OUR UNIQUE GLOBAL PLATFORM AND RESILIENT STRATEGIES DELIVERED GROWTH Source: Bain-Altagamma Luxury Goods Worldwide Market Study (Fall 2021-20th). Euromonitor. Section I 9
Slide 10: A Portfolio with Distinguished Provenance
A PORTFOLIO WITH DISTINGUISHED PROVENANCE … LANVIN GROUP’S BRANDS WORK TOGETHER TO BUILD A WARDROBE OF MODERN, GENERATIONAL LUXURY FOR ITS CONSUMERS BY SYNERGIZING EACH BRAND’S CREATIVITY AND CORE SKILLS IN DESIGN AND PRODUCTION SINCE SINCE 1889 1962 2025 Revenues – €78 million 2025 Revenues – €57 m
Slide 11: …and Expansive Possibilities
…AND EXPANSIVE POSSIBILITIES KEY STRATEGIES AND INITIATIVES IN BRAND, PRODUCT, CHANNEL AND REGION CONTINUE TO PROMOTE GROWTH Refocused Brand Strategy Increased Brand Visibility Proven Category Initiatives Balanced Regional Growth Digital & Omnichannel • Back to brand DNAs and ethos • Continued inves
Slide 12: The Keys to Success
THE KEYS TO SUCCESS NIMBLE DIGITAL START - UP UNICORN APPROACH MIND - SET VALUE TRACK RECORD 12
Slide 13: Brands' Key Strategies and Achievements
BRANDS’ KEY STRATEGIES AND ACHIEVEMENTS
Slide 14: Lanvin
LANVIN 1 2 3 4 Creative Vision Inventory Cleanup & Retail Footprint Organizational Refresh Margin Discipline Optimization R ealignment Leadership evolution and back office First collection under new creative leadership, Significant inventory reduction and tighter Strategic store closures and network
Slide 15: Wolford
WOLFORD 1 2 3 4 Marketing & Balanced Product Channel Distribution Omni - channel Communication Strategy C ustomer Experience Celebrate 75th anniversary through The Strengthen the core collection through the Optimize the network by focusing on high- Enhance the webshop customer journey to Thread of A
Slide 16: Sergio Rossi
SERGIO ROSSI 1 2 3 4 Supply Chain Retail Network Asset- light Model Performance Enhancement Optimization Transformation Improvement Streamlined vendor portfolio, strengthened Continued retail network rationalization by Advance the light-asset transition, enabling Implemented restructuring measures t
Slide 17: St. John
ST. JOHN 1 2 3 4 Digital Upgrade Nordstrom Partnership Malbon Collaboration Heritage Success Upgraded e-commerce capabilities through Expanded and strengthened partnership with Successful collaboration with global golf brand Expanded knitwear offering, driving improved strengthened team and new mark
Slide 18: 2026 Guidance
2026 GUIDANCE STRIVING FOR PROFITABILITY Transformation Progress: advance the transformation initiated 01 in 2025 toward 2026 completion, with new leadership appointments across key maisons Portfolio Discipline: conduct stringent portfolio review to 02 concentrate resources on high-value brands, wit
Slide 19: Group Consolidated Financial Results
GROUP CONSOLIDATED FINANCIAL RESULTS
Slide 20: Brands Stabilized in Headwinds
BRANDS STABILIZED IN HEADWINDS BRANDS COMPLETED RESTRUCTURING SHOW GREAT RESILIENCE THROUGH CHALLENGING MACRO-HEADWINDS Revenue Growth Bridge by Brand 2023 - 2025 ( € in mm) € 387 € 292 -€ 25 € 240 -€ 12 -€ 12 -€ 1 -€ 1 2023 2024 Lanvin Wolford Sergio Rossi SJK Elimination 2024 2023 2024 Elimination
Slide 21: Revenue Breakdown by Region
REVENUE BREAKDOWN BY REGION NORTH AMERICA OUTPERFORMS OTHER KEY MARKETS WITH ST. JOHN’S STRONG PRESENCE IN THE REGION FY2025 Revenue Growth by Region ( € in mm) FY2025 Revenue Breakdown by Region (%) Other(1) €292 Greater -26% China -€24 -42% -€8 €240 -€14 -€5 6% 8% 38% EMEA -21% 2025 North America
Slide 22: Revenue Breakdown by Channel
REVENUE BREAKDOWN BY CHANNEL ST. JOHN SHOW RESILIENCE IN KEY RETAIL MARKETS FY2025 Revenue Growth by Channel ( € in mm) FY2025 Revenue Breakdown by Channel ( %) €292 Other(1) -20% -€37 €240 -€12 -€2 4% Wholesale 28% -15% 2025 DTC -18% 68% 2024 DTC Wholesale Other 2025 (1) Note: Prior periods have be
Slide 23: Continuous Store Network Optimization
CONTINUOUS STORE NETWORK OPTIMIZATION ONGOING STORE NETWORK REVIEW, WITH STRATEGIC FOCUS IN KEY MARKETS Lanvin Group DOS Evolution by Brand Lanvin Group DOS E volution by Region 225 225 -13 -18 -11 -23 -2 174 174 -13 -21 -1 FY Lanvin Wolford St. John Sergio Rossi FY FY EMEA North Greater Other FY 20
Slide 24: Margin Fluctuated in Macro-Headwinds
MARGIN FLUCTUATED IN MACRO - HEADWINDS MARGIN DECREASES WITH REVENUE WHILE RESTRUCTURING EFFORTS HELP TO OPTIMIZE COST STRUCTURE Lanvin Group Gross Profit Lanvin Group Contribution Profit (1) Lanvin Group Adjusted EBITDA (1) (€ in mm ) (€ in mm ) (€ in mm ) GP% 62% 59% 58% CP% 4% -12% -13% Adj. EBIT
Slide 25: Contribution Profit by Brand
CONTRIBUTION PROFIT BY BRAND Contribution Profit (1) Bridge by Brand 2024 - 2025 ( € in mm) €5 €2 -€ 3 -€ 1 -€ 31 €1 -€ 34 FY 2024 Lanvin Wolford Sergio Rossi SJK HQ and Eliminations FY 2025 Note: HQ and eliminations are not allocated by brand and result mainly from intragroup transactions. Brand-le
Slide 26: Working Capital Discipline
WORKING CAPITAL DISCIPLINE Trade Working Capital (1) 2023- 2025 ( € in mm) €58 €23 €27 €95 €79 €57 €36 (2) €21 €15 Trade payables (2) -€46 Inventories -€73 -€76 (2) Trade receivables 2023 2024 2025 Y202 3 Y202 4 Y202 5 Cash Conversion 90 34 65 Cycle(1) % of Revenues 15% 8% 11% DSO(1) 34 26 23 DIO(1)
Slide 27: Brand-Level Performance
BRAND-LEVEL PERFORMANCE LANVIN GROUP
Slide 28: Lanvin 2025 Results and 2026 Guidance
LANVIN 2025 RESULTS AND Lanvin Global Revenue Bridge (€ in Thousands) 2026 GUIDANCE € 111,740 € 82,720 -€ 11,204 KEY TAKEAWAYS € 57,627 -€ 12,776 -€ 1,113 • 2025 remained a transition year for Lanvin, with revenue declining to €58M amid ongoing repositioning in a challenging luxury environment. • Pr
Slide 29: Wolford 2025 Results and 2026 Guidance
WOLFORD 2025 RESULTS AND Wolford Global Revenue Bridge (€ in Thousands) 2026 GUIDANCE €126,280 €87,891 KEY TAKEAWAYS €4,058 -€35 €75,586 -€16,328 • Revenue declined by 14%, decreasing from €88M in 2024 to €76M in 2025. H1 significantly impacted by the residual effects of the 3PL transition in 2024.
Slide 30: Sergio Rossi 2025 Results and 2026 Guidance
SERGIO ROSSI 2025 RESULTS Sergio Rossi Global Revenue Bridge (€ in Thousands) AND 2026 GUIDANCE € 59,518 € 41,910 KEY TAKEAWAYS -€ 7,625 NM €0 € 29,535 -€ 4,750 • Revenue declined 30% from €42M in 2024 to €30M in 2025. • DTC channel declined 27%, attributed to the strategic downsizing of the retail
Slide 31: St. John 2025 Results and 2026 Guidance
ST. JOHN 2025 RESULTS AND St. John Global Revenue Bridge (€ in Thousands) 2026 GUIDANCE €90,398 €79,267 €663 €158 €78,238 -€1,850 KEY TAKEAWAYS • Revenue declined slightly by 1% to €78M in 2025 (+3% in its reported currency), reflecting strong resilience despite tariff disruptions and ongoing global
Slide 32: Appendix
APPENDIX LANVIN GROUP
Slide 33: Lanvin Group Consolidated Income Statement
LANVIN GROUP CONSOLIDATED INCOME STATEMENT (€ in Thousands, unless otherwise noted) 2023A* 2024A* 2025A Lanvin Group Consolidated P&L FY % FY % FY % Revenue 386,976 100% 291,864 100% 240,498 100% Cost of sales -146,576 -38% -119,368 -41% -100,620 -42% Gross profit 240,400 62% 172,496 59% 139,878 58%
Slide 34: Lanvin Group Consolidated Balance Sheet
LANVIN GROUP CONSOLIDATED BALANCE SHEET (€ in Thousands, unless otherwise noted) (€ in Thousands, unless otherwise noted) 2024A 2025A 2024A 2025A Lanvin Group Consolidated Balance Sheet Lanvin Group Consolidated Balance Sheet FY FY FY FY Assets Liabilities Non-current assets Non-current liabilities
Slide 35: Lanvin Group Consolidated Cash Flow
LANVIN GROUP CONSOLIDATED CASH FLOW (€ in Thousands, unless otherwise noted) 2023A 2024A 2025A Lanvin Group Consolidated Cash Flow FY FY FY Net cash used in operating activities -57,891 -59,381 -107,308 Net cash flows generated from/(used in) investing activities -38,615 -125 1,658 Net cash generate
Slide 36: Lanvin Brand Key Financials
LANVIN BRAND KEY FINANCIALS (€ in thousands, unless otherwise noted) 2023A 2024A 2025A 2024 A v 2025 A v 23-25 Lanvin Brand Key Financials FY % FY % FY % 2023 A 2024 A CAGR Key Financials on P&L Revenues 111,740 100% 82,720 100% 57,627 100% -26% -30% -28% Gross profit 64,547 58% 48,440 59% 33,675 58
Slide 37: Wolford Brand Key Financials
WOLFORD BRAND KEY FINANCIALS (€ in thousands, unless otherwise noted) 2023A 2024A 2025A 2024 A v 2025 A v 23-25 Wolford Brand Key Financials FY % FY % FY % 2023 A 2024 A CAGR Key Financials on P&L Revenues 126,280 100% 87,891 100% 75,586 100% -30% -14% -23% Gross profit 83,339 66% 50,995 58% 43,960
Slide 38: Sergio Rossi Brand Key Financials
SERGIO ROSSI BRAND KEY FINANCIALS (€ in thousands, unless otherwise noted) 2023A 2024A 2025A 2024 A v 2025 A v 23-25 Sergio Rossi Brand Key Financials FY % FY % FY % 2023 A 2024 A CAGR Key Financials on P&L Revenues 59,518 100% 41,910 100% 29,535 100% -30% -30% -30% Gross profit 30,435 51% 17,867 43
Slide 39: St. John Brand Key Financials
ST. JOHN BRAND KEY FINANCIALS (€ in thousands, unless otherwise noted) 2023A 2024A 2025A 2024 A v 2025 A v 23-25 St.John Brand Key Financials FY % FY % FY % 2023 A 2024 A CAGR Key Financials on P&L Revenues 90,398 100% 79,267 100% 78,238 100% -12% -1% -7% Gross profit 57,374 63% 54,451 69% 53,599 69
Slide 40: Lanvin Group Brand Footprint
LANVIN GROUP BRAND FOOTPRINT (1) (2) (1) (2) 2023 2024 2025 Footprint By Brand DOS POS DOS POS DOS POS Lanvin 36 319 33 277 20 266 Wolford 150 201 112 163 89 132 St. John 45 107 37 88 35 77 Sergio Rossi 48 289 43 154 30 160 Total 279 916 225 682 174 635 (1) DOS refers to Directly Operated Stores whi
Slide 41: Non-IFRS Financial Measures
NON - IFRS FINANCIAL MEASURES (€ in Thousands, unless otherwise noted) (€ in Thousands, unless otherwise noted) 2023A* 2024A* 2025A 2023A* 2024A* 2025A Reconciliation of Contribution Margin Reconciliation of Adjusted EBIT and EBITDA FY FY FY FY FY FY Revenue 386,976 291,864 240,498 Loss for the year
Slide 42: Non-IFRS Financial Measures and Definition
NON - IFRS FINANCIAL MEASURES AND DEFINITION Our management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: contribution profit, contribution profit margin, Adjusted EBIT and Adjusted EBITDA. Our management believes that these non-IFRS