Lanvin Results Presentation Deck
WOLFORD 2022 RESULTS AND
2023 GUIDANCE
KEY HIGHLIGHTS
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Revenue grew 15% from €109mm in 2021 to €126mm in 2022
44% growth in North America, driven by DTC channel as per brand strategy
Impactful collaborations including GCDS, ALBERTA FERRETTI, MUGLER and
Sergio Rossi created brand heat
• Refocused on core products while strengthening luxury athleisure line which
became a key growth driver
• Increased selling and marketing expenses in 2022 related to legacy consulting
costs and a cyberattack at a logistics provider delaying shipments led to a lower
contribution profit
• 2023 will be an opportunity for continued fiscal and operational improvements
and reinforcement of current product and branding strategies
(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.
Wolford Global Revenue Bridge (€ in Thousands)
€95,384
2020
Revenues
YoY%
€109,332
Wolford Key Financials
(€ in Thousands)
Gross profit
GP Margin%
2021
(1)
Contribution profit
CP Margin%
€15,786
DTC
FY2020
Wholesale
€95,384
€65,865
69%
€859
1%
-€284
€680
Other
FY2021
€109,332
15%
€79,070
72%
€19,719
18%
€125,514
2022
FY2022
€125,514
15%
€86,228
69%
€4,327
3%
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