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Lanvin Group Reports H1 2024 Revenue of €171M, Down By 20% YoY, Cash Balance of €18.3M

Author: Benzinga Newsdesk | August 26, 2024 05:05am

Review of First Half 2024 Financials

Revenue

For H1 2024, the Group generated revenue of €171 million, a 20% decrease period-over-period. DTC channel revenue decreased by 14% and Wholesale revenue by 30%. Other revenue growth comprised of royalty and clearance income decreased 15% due to Lanvin's reduction of clearance inventory. Regional revenue declined in EMEA by 27% and Greater China at 24% (Asia excluding Greater China decreased by 7%), and North America by 11%.

Posted In: LANV


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