Lanvin group shows resiliency in sales and on-track margin improvement in 2023

Revenue continues year-o ver -year growth trend revenue of €426 million for fy2023, a 1% increase over fy2022 despite macroeconomic headwinds continued margin improvement with group gross profit margin increasing to 59% and both contribution profit(1) and adjusted ebitda margins steadily improving resilient performance of the brands through challenging market environment; lanvin brand showed improving trend in the second half of the year while overall industry faced strong headwinds steady regional performance highlighted by nearly 8% growth in apac improving store metrics with steady dtc revenue on a lower base of stores showed footprint rationalization strategy on track; first middle east lanvin location opened in riyadh with two more anticipated in the coming months on track for cashflow breakeven in 2025 with caruso achieving breakeven adjusted ebitda in 2023 and two additional brands expected to achieve adjusted ebitda breakeven in 2024 new york , april 30, 2024 /prnewswire/ -- lanvin group (nyse: lanv, the "group"), a global luxury fashion group with lanvin, wolford, sergio rossi, st. john and caruso in its portfolio of brands, today announced its results for the full-year 2023.  the group achieved revenue of €426 million, a 1% increase year-over-year versus 2022; and gross profit of €251 million, representing a 59% gross margin and a 250bps increase versus 2022.
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