Lanvin Group Reports H1 2024 Revenue of €171M, Down By 20% YoY, Cash Balance of €18.3M
Portfolio Pulse from Benzinga Newsdesk
Lanvin Group reported a 20% year-over-year decrease in revenue for the first half of 2024, totaling €171 million. The decline was seen across various channels and regions, with significant drops in DTC, wholesale, and regional revenues.
August 26, 2024 | 10:05 am
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Lanvin Group's revenue for H1 2024 decreased by 20% year-over-year, with declines in both DTC and wholesale channels, and across major regions including EMEA, Greater China, and North America.
The significant 20% decrease in revenue, along with declines in major sales channels and regions, suggests potential challenges for Lanvin Group. This could negatively impact investor sentiment and the stock price in the short term.
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