Lanvin Group (LANV) Q4 2025 earnings summary

Executive summary

• FY2025 revenue was €240 million, down 18% year-over-year, reflecting market headwinds, disciplined execution, and transformation initiatives, with sequential improvement in H2 for Lanvin and Wolford.

• Contribution profit and adjusted EBITDA improved year-over-year despite lower revenue, due to cost discipline and a more focused operating model.

• Portfolio optimization included the carve-out of Caruso, selective store closures, and a shift to an asset-light model, reinforcing focus on core luxury brands.

• Leadership strengthened with key appointments at St. John, Wolford, and Lanvin to drive brand development and execution.

Financial highlights

• Group revenue fell to €240 million in 2025, down 18% year-over-year; gross margin held steady at 58%.

• Contribution profit was negative €31 million, an improvement from negative €34 million in FY2024.

• Adjusted EBITDA improved to €-90 million from €-94 million in FY2024.

• Operating expenses/SG&A reduced by 12% year-over-year.

• Net loss for 2025 was €263 million, compared to €189 million in 2024.

Outlook and guidance

• Transformation to continue into 2026, with focus on completing the program, leadership upgrades, and portfolio discipline.

• Continued recovery expected at Lanvin and Wolford, further progress at Sergio Rossi, and stable performance at St. John.

• Market environment remains uncertain, but foundations for recovery and sustainable long-term growth are in place.