Lanvin Results Presentation Deck
SERGIO ROSSI 2022 RESULTS
AND 2023 GUIDANCE
KEY HIGHLIGHTS
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Acquired and integrated by the Group in July 2021; revenue grew 5% from
€59mm (Pro Forma) in 2021 to €62mm in 2022
DTC growth driven by strong performance of retail stores in Japan and digital sales in China
Strong results in EMEA, offset weakness in China from COVID-19
Optimized product mix balancing carry-over and seasonal collections
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Gross profit margin rose to 50% from increased DTC business, while higher
marketing, personnel and rental expenses led to a lower contribution profit
margin
2023 growth driven by new product launches and collaborations, recovery of
Greater China, and continued improvement in DTC channel
€28,737
2021A
Revenues
YoY%
Gross profit
Sergio Rossi Global Revenue Bridge
(€ in Thousands)
Sergio Rossi Key Financials
(€ in Thousands)
GP Margin%
€59.206
2021PF
Contribution profit (1)
CP Margin%
€2,999
DTC
-€276
Wholesale
FY2021
€28,737
€13,319
46%
€3,830
13%
NM
Other
€61,929
2022
FY2022
€61,929
116%
€31,048
50%
€6,546
11%
(1) Non-IFRS Financial Measure. Please see Page 54 for Non-IFRS Financial Measures and definition.
Note: Brand-level results are presented exclusive of eliminations.
Note: Lanvin Group acquired a majority stake in Sergio Rossi in July 2021 and Sergio Rossi was consolidated in Lanvin Group's consolidated revenue starting from the acquisition date; audited 2021 revenue of the brand was €29 million. Pro Forma results
assume Sergio Rossi's revenue results for the full-year 2021.
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