Lanvin Group Holdings Limited Ordinary Shares (LANV) Q2 2026 Earnings Call

Investor webinar replay

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Thank you for joining us, and welcome to the Lanvin Group's twenty twenty six First Half Financial Results Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. Now please take a moment to review the disclaimers. During this presentation, the company will be making certain forward looking statements, including, but not limited to, future performance and industry outlook. Forward looking statements are inherently subject to risks, uncertainties, and other factors, and they are not guarantee of performance. For today's presentation, I would like to introduce Ross Lowe, CFO of Lanvin Group. With that, I would like to turn it over to Ross to start the presentation. Thanks very much, and welcome, everyone, and good morning. I'm Ross, and I'm very pleased to join Lanvin Group as a Chief Financial Officer in June this year. I look forward to working with Andy and also our brand leadership team to further strengthen the group's financial performance and to support the next phase of our transformation. The first half of twenty twenty six was an important period for the group as we continue to execute our transformation while operating in a still very challenging luxury market environment. We have made a meaningful progress on the quality and the efficiency of the business. Gross margin improved to 59%, while the contribution profit and adjusted EBITDA margins have both improved by seven point seven and ten point seven percentage points, respectively. At the group level, revenue was $101,000,000 down 13% on a year over year basis. This reflects the broader transformation and the rationalization of the business underway across all of our brands. I wanted to highlight that our e commerce business returned to growth in the firs...