Full Year 2025 Lanvin Group Holdings Ltd Earnings Call Transcript
Key Points
- Lanvin Group Holdings Ltd (LANV) reported a gross margin of 58% in 2025, demonstrating resilience in pricing and inventory management despite lower volumes.
- The company achieved approximately 12% savings in operating expenses compared to the prior year, reflecting effective cost optimization.
- Contribution margin improved significantly in the second half of the year, increasing by 40% compared to the first half, indicating positive impact from strategic initiatives.
- St. John brand showed strong resilience with only a 1% revenue decline and a 3% growth in its reporting currency, supported by strong performance in North America.
- Wolford experienced a strong recovery in the second half of the year, with wholesale growing 19% year-over-year, supported by improved product availability and execution.
- Lanvin Group Holdings Ltd (LANV) reported a revenue decline of 18% year-over-year, reflecting external challenges and strategic adjustments.
- The global luxury market, particularly in Greater China, remained under pressure with softer consumer demand and macroeconomic uncertainty.
- Lanvin brand revenue declined by 30% to EUR 58 million in 2025, reflecting ongoing repositioning and retail network optimization.
- Sergio Rossi's revenue declined by 30% to EUR 30 million, impacted by cautious market sentiment and ongoing brand transformation.
- The cash conversion cycle increased to 65 days in 2025 from 34 days in 2024, indicating temporary inefficiencies in working capital management.
Thank you for joining us and welcome to the Lanvin Group's Fiscal Year 2025 Financial Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal an office specialist by pressing the star key followed by .
After today's presentation, there will be an opportunity to ask questions.
Please note this event is being listed. Now please take a moment for 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 guaranteed performance.
For today's presentation, I would like to introduce Andy Lew, Executive President of Lanvin Group, and Ray Han, CFO of David Chan Group. I will now turn it over to Andy to start the presentation.
Good evening, good afternoon, and good morning to everyone
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