Lanvin Group H1 2026 slides: margins expand as restructuring advances

Lanvin Group reported its first half 2026 results on August 26, 2026, showcasing significant progress in operational transformation despite a challenging luxury sector. Revenue fell 13% to €101 million year-over-year, but the company demonstrated impressive margin improvements. The contribution profit margin increased by 7.7 percentage points, while adjusted EBITDA margin expanded by 10.7 percentage points compared to the previous year.

E-commerce generated positive growth, with a 5% increase in total e-commerce revenue and notable surges at St. John (31%) and Wolford (22%). Store counts decreased to 151 from 174 at the end of 2025, reflecting a focused retail network optimization strategy. Operating expenses declined both in absolute terms and as a percentage of revenue, with marketing and selling costs reduced by 20% and general and administrative expenses by 28%.

Brand-level G&A reductions were particularly notable, with significant declines at Lanvin (30%), Wolford (50%), Sergio Rossi (45%), and St. John (43%). Despite the revenue decline, the company emphasized that these savings were achieved without sacrificing strategic growth investments in areas like product development and customer service.

The company's stock rose 0.92% following the announcement, trading at $1.10, though shares remained near the lower end of their 52-week range.