Lanvin Group Holdings Ltd
For the period ended Apr 30, 2026. Filed Apr 30, 2026.
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Apr 30, 2026 · Filed Apr 30, 2026
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EX-99.1 · APPENDIX
APPENDIX
33 Note: Prior periods have been restated to exclude Caruso (discontinued operations) for comparability. (1) These are Non-IFRS Financial Measures and will be mentioned throughout this presentation. Please see Page 42 for Non-IFRS Financial Measures and Definition. LANVIN GROUP CONSOLIDATED INCOME STATEMENT (€ in Thousands, unless otherwise noted) FY % FY % FY % Revenue 386,976 100% 291,864 100% 240,498 100% Cost of sales -146,576 -38% -119,368 -41% -100,620 -42% Gross profit 240,400 62% 172,496 59% 139,878 58% Marketing and selling expenses -224,850 -58% -206,942 -71% -170,591 -71% General and administrative expenses -129,182 -33% -109,007 -37% -107,311 -45% Impairment of goodwill and brand 0 0 % -31,208 -11% -66,730 -28% Other operating income and expenses -4,549 -1% 7,896 3% -10,631 -4% Loss from operations before non-underlying items -118,181 -31% -166,765 -57% -215,385 -90% Non-underlying items -3,781 -1% 10,243 4% -16,263 -7% Loss from operations -121,962 -32% -156,522 -54% -231,648 -96% Finance cost – net -20,014 -5% -29,398 -10% -35,490 -15% Loss before income tax -141,976 -37% -185,920 -64% -267,138 -111% Income tax expenses -3,323 -1% -3,086 -1% 15,775 7% Loss from continuing operations -145,299 -38% -189,006 -65% -251,363 -105% Loss from discontinued operations -954 0 % -289 0 % -11,982 -5% Loss for the period -146,253 -38% -189,295 -65% -263,345 -109% Contribution profit (1) 15,550 4% -34,446 -12% -30,713 -13% Adjusted EBIT (1) -115,432 -30% -166,214 -57% -215,201 -89% Adjusted EBITDA (1) -65,293 -17% -93,547 -32% -90,114 -37% 2025A Lanvin Group Consolidated P&L 2023A* 2024A*
34 LANVIN GROUP CONSOLIDATED BALANCE SHEET (€ in Thousands, unless otherwise noted) 2024A 2025A FY FY Assets Non-current assets Intangible assets 213,501 156,982 Goodwill 38,115 23,392 Property, plant and equipment 39,440 18,430 Right-of-use assets 131,597 95,510 Deferred income tax assets 11,598 7,634 Other non-current assets 14,869 14,967 449,120 316,915 Current assets Inventories 89,712 57,174 Trade receivables 28,099 15,382 Other current assets 29,112 22,668 Cash and bank balances 18,043 28,283 Assets classified as held for sale 0 29,838 164,966 153,345 Total assets 614,086 470,260 Lanvin Group Consolidated Balance Sheet (€ in Thousands, unless otherwise noted) 2024A 2025A FY FY Liabilities Non-current liabilities Non-current borrowings 25,222 9,688 Non-current lease liabilities 117,966 93,375 Non-current provisions 3,560 13,071 Employee benefits 17,240 11,642 Deferred income tax liabilities 51,390 34,757 Other non-current liabilities 16,005 30,216 231,383 192,749 Current liabilities Trade payables 80,424 45,799 Current borrowings 158,540 325,067 Current lease liabilities 36,106 28,798 Current provisions 1,524 2,984 Other current liabilities 139,020 134,017 Liabilities associated with assets held for sale 0 22,517 415,614 559,182 Total liabilities 646,997 751,931 Net assets -32,911 -281,671 Equity Equity attributable to owners of the Company Share capital * * Treasury shares -46,576 * Other reserves 779,356 727,547 Accumulated losses -737,186 -975,680 -4,406 -248,133 Non- controlling interests -28,505 -33,538 Total deficits -32,911 -281,671 Lanvin Group Consolidated Balance Sheet
35 LANVIN GROUP CONSOLIDATED CASH FLOW (€ in Thousands, unless otherwise noted) 2023A 2024A 2025A FY FY FY Net cash used in operating activities -57,891 -59,381 -107,308 Net cash flows generated from/(used in) investing activities -38,615 -125 1,658 Net cash generated from financing activities 34,131 49,066 119,357 Net change in cash and cash equivalents -62,375 -10,440 13,707 Cash and cash equivalents less bank overdrafts at the beginning of the year 91,749 27,850 18,043 Effect of foreign exchange rate changes -1,524 633 -1,040 Cash and cash equivalents less bank overdrafts at end of the year 27,850 18,043 30,710 Lanvin Group Consolidated Cash Flow
36 LANVIN BRAND KEY FINANCIALS (1) Non-IFRS Financial Measure. Please see Page 42 for Non-IFRS Financial Measures and Definition. Note: Brand-level results are presented exclusive of eliminations. (€ in thousands, unless otherwise noted) 2024 A v 2025 A v 23-25 FY % FY % FY % 2023 A 2024 A CAGR Key Financials on P&L Revenues 111,740 100% 82,720 100% 57,627 100% -26% -30% -28% Gross profit 64,547 58% 48,440 59% 33,675 58% Selling and distribution expenses -76,533 -68% -72,241 -87% -56,818 -99% Contribution profit (1) -11,986 -11% -23,801 -29% -23,143 -40% Revenues by Geography EMEA 51,585 46% 38,859 47% 27,439 48% -25% -29% -27% North America 28,210 25% 22,843 28% 18,077 31% -19% -21% -20% Greater China 24,649 22% 14,763 18% 7,209 13% -40% -51% -46% Other 7,296 7% 6,254 8% 4,902 9% -14% -22% -18% Revenues by Channel DTC 55,357 50% 43,569 53% 32,365 56% -21% -26% -24% Wholesale 39,933 36% 27,113 33% 14,337 25% -32% -47% -40% Other 16,450 15% 12,038 15% 10,924 19% -27% -9% -19% 2025A Lanvin Brand Key Financials 2023A 2024A
37 WOLFORD BRAND KEY FINANCIALS (1) Non-IFRS Financial Measure. Please see Page 42 for Non-IFRS Financial Measures and Definition. Note: Brand-level results are presented exclusive of eliminations. (€ in thousands, unless otherwise noted) 2024 A v 2025 A v 23-25 FY % FY % FY % 2023 A 2024 A CAGR Key Financials on P&L Revenues 126,280 100% 87,891 100% 75,586 100% -30% -14% -23% Gross profit 83,339 66% 50,995 58% 43,960 58% Selling and distribution expenses -79,060 -63% -69,603 -79% -57,089 -76% Contribution profit (1) 4,279 3% -18,608 -21% -13,130 -17% Revenues by Geography EMEA 85,084 67% 54,934 63% 48,702 64% -35% -11% -24% North America 31,310 25% 25,930 30% 21,006 28% -17% -19% -18% Greater China 9,176 7% 6,661 8% 5,493 7% -27% -18% -23% Other 710 1% 366 0 % 384 1% -49% 5 % -26% Revenues by Channel DTC 87,352 69% 67,006 76% 50,678 67% -23% -24% -24% Wholesale 38,071 30% 20,850 24% 24,907 33% -45% 19% -19% Other 857 1% 35 0 % 0 0 % -96% N M N M 2025A Wolford Brand Key Financials 2023A 2024A
38 SERGIO ROSSI BRAND KEY FINANCIALS (1) Non-IFRS Financial Measure. Please see Page 42 for Non-IFRS Financial Measures and Definition. Note: Brand-level results are presented exclusive of eliminations. (€ in thousands, unless otherwise noted) 2024 A v 2025 A v 23-25 FY % FY % FY % 2023 A 2024 A CAGR Key Financials on P&L Revenues 59,518 100% 41,910 100% 29,535 100% -30% -30% -30% Gross profit 30,435 51% 17,867 43% 9,479 32% Selling and distribution expenses -23,097 -39% -18,923 -45% -13,425 -45% Contribution profit (1) 7,338 12% -1,056 -3% -3,946 -13% Revenues by Geography EMEA 31,801 53% 20,704 49% 15,188 51% -35% -27% -31% North America 2,006 3% 740 2 % 105 0 % -63% -86% -77% Greater China 11,872 20% 7,741 18% 4,958 17% -35% -36% -35% Other 13,838 23% 12,726 30% 9,285 31% -8% -27% -18% Revenues by Channel DTC 32,962 55% 27,944 67% 20,320 69% -15% -27% -21% Wholesale 26,556 45% 13,966 33% 9,215 31% -47% -34% -41% Other 0 0 % 0 0 % 0 0 % N M N M N M 2025A Sergio Rossi Brand Key Financials 2023A 2024A
39 ST. JOHN BRAND KEY FINANCIALS (1) Non-IFRS Financial Measure. Please see Page 42 for Non-IFRS Financial Measures and Definition. Note: Brand-level results are presented exclusive of eliminations. (€ in thousands, unless otherwise noted) 2024 A v 2025 A v 23-25 FY % FY % FY % 2023 A 2024 A CAGR Key Financials on P&L Revenues 90,398 100% 79,267 100% 78,238 100% -12% -1% -7% Gross profit 57,374 63% 54,451 69% 53,599 69% Selling and distribution expenses -46,695 -52% -46,445 -59% -43,738 -56% Contribution profit (1) 10,679 12% 8,006 10% 9,861 13% Revenues by Geography EMEA 1,541 2 % 651 1% 178 0 % -58% -73% -66% North America 81,382 90% 74,403 94% 76,860 98% -9% 3% -3% Greater China 7,161 8% 4,101 5 % 934 1% -43% -77% -64% Other 314 0 % 113 0 % 266 0 % -64% N M N M Revenues by Channel DTC 71,007 79% 61,612 78% 59,762 76% -13% -3% -8% Wholesale 19,126 21% 17,547 22% 18,210 23% -8% 4% -2% Other 265 0 % 108 0 % 266 0 % -59% N M N M 2025A St.John Brand Key Financials 2023A 2024A
40 LANVIN GROUP BRAND FOOTPRINT (1) DOS refers to Directly Operated Stores which include boutiques, outlets, concession shop-in-shops and pop-up stores. (2) POS refers to Point of Sales which include DOS and wholesale accounts. (1) (2) (1) (2) DOS POS DOS POS DOS POS Lanvin 36 319 33 277 20 266 Wolford 150 201 112 163 89 132 St. John 45 107 37 88 35 77 Sergio Rossi 48 289 43 154 30 160 Total 279 916 225 682 174 635 2025 Footprint By Brand 2023 2024
41 NON-IFRS FINANCIAL MEASURES Note: Prior periods have been restated to exclude Caruso (discontinued operations) for comparability. (1) Non-IFRS Financial Measure. Please see Page 42 for Non-IFRS Financial Measures and Definition. (€ in Thousands, unless otherwise noted) 2023A* 2024A* 2025A FY FY FY Revenue 386,976 291,864 240,498 Cost of sales -146,576 -119,368 -100,620 Gross profit 240,400 172,496 139,878 Marketing and selling expenses -224,850 -206,942 -170,591 Contribution profit (1) 15,550 -34,446 -30,713 Reconciliation of Contribution Margin (€ in Thousands, unless otherwise noted) 2023A* 2024A* 2025A FY FY FY Loss for the year -146,253 -189,295 -263,345 Add / (Deduct) the impact of: Loss from discontinued operations 954 289 11,982 Income tax (benefits) / expenses 3,323 3,086 -15,775 Finance cost - net 20,014 29,398 35,490 Non-underlying items 3,781 -10,243 16,263 Loss from operating before non-underlying items -118,181 -166,765 -215,385 Add / (Deduct) the impact of: Share based compensation 2,749 551 184 Adjusted EBIT (1) -115,432 -166,214 -215,201 Depreciation / Amortization 45,794 45,349 39,231 Provision and impairment losses -265 35,027 72,608 Net foreign exchange (gains) / losses 4,610 -7,709 13,248 Adjusted EBITDA (1) -65,293 -93,547 -90,114 Reconciliation of Adjusted EBIT and EBITDA
42 Our management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: contribution profit, contribution profit margin, Adjusted EBIT and Adjusted EBITDA. Our management believes that these non-IFRS financial measures provide useful and relevant information regarding our performance and improve their ability to assess financial performance and financial position. They also provide comparable measures that facilitate management’s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions. While similar measures are widely used in the industry in which we operate, the financial measures that we use may not be comparable to other similarly named measures used by other companies nor are they intended to be substitutes for measures of financial performance or financial position as prepared in accordance with IFRS. Contribution profit is defined as revenues less the cost of sales and selling and marketing expenses. Contribution profit subtracts the main variable expenses of selling and marketing expenses from gross profit, and our management believes this measure is an important indicator of profitability at the marginal level. Below contribution profit, the main expenses are general administrative expenses and other operating expenses (which include foreign exchange gains or losses and impairment losses). As we continue to improve the management of our portfolio brands, we believe we can achieve greater economy of scale across the different brands by maintaining the fixed expenses at a lower level as a proportion of revenue. We therefore use contribution profit margin as a key indicator of profitability at the group level as well as the portfolio brand level. Contribution profit margin is defined as contribution profit divided by revenues. Adjusted EBIT is defined as profit or loss before income taxes, net finance cost, share based compensation, adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operational activities, mainly including net gains on disposal of long-term assets, negative goodwill from acquisition of Sergio Rossi, gain on debt restructuring and government grants. Adjusted EBITDA is defined as profit or loss before income taxes, net finance cost, exchange gains/(losses), depreciation, amortization, share based compensation and provisions and impairment losses adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operational activities, mainly including net gains on disposal of long-term assets, negative goodwill from acquisition of Sergio Rossi, gain on debt restructuring and government grants. Trade working capital is defined as the sum of inventories as well as trade receivables less trade payables. NON-IFRS FINANCIAL MEASURES AND DEFINITION
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