Lanvin Group Holdings Limited Ordinary Shares (LANV) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining us, and welcome to the Lon Vaughan Group's Fiscal Year 2024 Financial Results Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. 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 guarantees of performance. For today's presentation, I would like to introduce David Chan, Executive President and CFO of Lanvin Group, and Andy Liu, Executive President of Lanvin Group. I will now turn it over to David to start the presentation. Thank you, and welcome to all the participants. I'm David Chan, Executive President and CFO of Longmont Group. Today, we'll take you through a comprehensive view of Longmont Group's performance in 2024, the strategic actions we have taken to navigate a challenging environment, and our roadmap for 2025 and beyond. The key topic today is to share how we overcame these hurdles and laid the groundwork for sustainable growth. 2024 was a year defined by macroeconomic turbulence, shifting consumer behaviors, and industry-wide softness. Yet, within these challenges, we achieved critical milestones that positioned us for recovery. For fiscal year 2024, our global revenue was €329 million, a 23% decrease from fiscal year 2023. This decline reflects broader industry trends, particularly in EMEA and Greater China, where macroeconomic pr...