Lanvin Results Presentation Deck
CARUSO 2022 RESULTS AND
2023 GUIDANCE
KEY HIGHLIGHTS
●
Revenue grew 25% from €25mm in 2021 to €31mm in 2022
Strong growth from proprietary brand business with attractive price and style positioning
B2B Maisons manufacturing business growth driven by new account acquisitions and made-
to-measure production growth; built significant customer loyalty
●
●
• Gross margin increased from 18% to 23%, and contribution profit margin
increased from 13% to 18% from 2021 to 2022, respectively, due to economies of
scale and better management of factory labor costs and selling and marketing
expenses
2023 to grow from focused investments in capacity expansion and increased
operating efficiency, paired with concentrating client and product portfolio
Caruso will continue to benefit from the "back to elegance" trend that's gaining momentum
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(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.
€26,351
2020
Caruso Global Revenue Bridge (€ in Thousands)
Revenues
YoY%
Caruso Key Financials
(€ in Thousands)
Gross profit
€24,695
GP Margin%
2021
Contribution profit
CP Margin%
(1)
NM
DTC
FY2020
€26,351
€4,881
19%
€3,173
12%
€6,124
Wholesale
Other
NM
FY2021
€24,695
-6%
€4,449
18%
€3,305
13%
€30,819
2022
FY2022
€30,819
25%
€7,147
23%
€5,701
18%
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