Lanvin Group (LANV) investor relations material

Executive summary

• Revenue for H1 2026 was €101 million, down 13% year-over-year, reflecting ongoing brand transformation, market conditions, and deliberate portfolio rationalization, with the retail footprint optimized to 151 directly operated stores.

• Gross profit margin expanded to 59%, up from 57.7% in H1 2025, driven by improved sell-through, product lifecycle management, and efficiency programs.

• Contribution profit and adjusted EBITDA margins improved by 7.7 and 10.7 percentage points, respectively, due to strong cost discipline and operational efficiency.

• E-commerce returned to growth, with notable momentum at Wolford and St. John, and like-for-like growth across boutiques.

• Transformation efforts focused on cost optimization, partnerships, and asset-light models to pursue growth opportunities.

Financial highlights

• H1 2026 global revenue was €101 million, down 13% year-over-year; gross profit was €59 million, with a margin of 59%.

• Contribution profit margin improved from -15.6% to -8.9%; adjusted EBITDA margin improved from -45% to -34%.

• Absolute contribution profit increased by €10 million; adjusted EBITDA improved by €17 million.

• Directly operated stores reduced to 151 as part of retail optimization.

• Brand-level G&A expenses reduced by up to 50% since H1 2023.

Outlook and guidance

• Entering H2 2026 with a leaner, more agile platform and improved cost base, focusing on new revenue opportunities, licensing, and partnerships.

• Continued discipline on costs, working capital, and selective investment in high-return areas.

• Ongoing review and streamlining of the brand portfolio.

• Brand-specific strategies include deepening client engagement, accelerating wholesale and e-commerce, and leveraging new creative leadership.