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Financial statements

Lanvin Group Holdings Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Lanvin Group Holdings Ltd files with the SEC in its annual reports.

In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2020FY2022FY2022FY2023FY2024
Revenue223309422426329
Cost of revenue105139184175146
Gross profit117170238251183
Research and development7.468.5511.96.355.24
Operating income-124-62.8-225-122-156
Interest expense139.3114.620.429.8
Pre-tax income-137-72.1-240-143-186
Income tax-1.64.33-0.133.413.08
Net income to minority interests-24.9-11.1-21.5-16.9-24
Net income-111-65.4-218-129-165
EBITDA-75.9-21.2-180-75.5-110
EPS, basic-1.53-0.84-2.15-0.98-1.41
EPS, diluted-1.53-0.84-2.15-0.98-1.41

Balance sheet

FY2020FY2022FY2022FY2023FY2024
Cash and equivalents44.288.791.727.918
Inventory92.310910789.7
Total current assets263280207165
Property, plant and equipment26.940.646.843.739.4
Lease right-of-use assets119122129132
Goodwill69.369.369.338.1
Intangible assets181181210214
Total assets706732688614
Short-term debt55.615.435.7159
Total current liabilities223233288416
Lease liabilities103106113118
Total liabilities415431522647
Total debt18.866.833.568.1184
Paid-in capital144744
Retained earnings-224-443-572-737
Shareholders' equity264295169-4.41
Minority interests26.45.49-3.71-28.5
Total equity250291301166-32.9
Total liabilities and equity706732688614

Cash flow statement

FY2020FY2022FY2022FY2023FY2024
Net income-136-76.5-240-146-189
Depreciation and amortization48.341.645.846.946.5
Cash from operations-87.3-73.1-80.9-57.9-59.4
Cash from investing676.35-21.8-38.6-0.13
Debt issued92.4176191153229
Debt repaid-113-117-225-118-114
Stock issued24.392.200
Cash from financing-41.411010534.149.1
Exchange rate effect-0.771.160.8-1.520.63

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin55.6%Gross profit / revenue.
Operating margin-47.6%Operating income / revenue.
EBITDA margin-33.4%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-56.7%Pre-tax income / revenue.
Net margin-50.3%Net income / revenue.
Operating cash flow margin-18.1%Cash from operations / revenue.
Return on assets (ROA)-25.4%Net income / average total assets.
Return on invested capital (ROIC)-66.6%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue1.6%Research and development expense / revenue.
D&A / revenue14.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-22.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y2.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y-27.2%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y2.5%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-102.6%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-10.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-4.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.40xCurrent assets / current liabilities.
Quick ratio0.04x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.04x(Cash + short-term investments) / current liabilities.
Debt / assets29.9%Total debt / total assets.
Liabilities / assets105.4%Total liabilities / total assets.
Net debt€165.7MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-5.24xOperating income / interest expense.
Working capital-€250.6MCurrent assets - current liabilities.
Goodwill and intangibles / assets41.0%(Goodwill + intangible assets) / total assets.
Tangible book value-€256.0MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.50xRevenue / average total assets.
Fixed asset turnover7.90xRevenue / average property, plant and equipment.
Inventory turnover1.48xCost of revenue / average inventory.
Days inventory246 days365 x average inventory / cost of revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-€1.41Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-€1.41Net income per basic share, as reported (split-adjusted).
What was Lanvin Group Holdings Ltd's revenue in fiscal 2024?

Lanvin Group Holdings Ltd reported revenue of €328.6M for fiscal 2024, 22.9% lower than the year before.

Was Lanvin Group Holdings Ltd profitable in fiscal 2024?

No. It reported a net loss of €165.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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