Operator
Thank you for joining us, and welcome to the Lanvin Group’s 2026 First Half Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.
Now please take a moment to review the disclaimers. During this presentation, the company will be making certain forward-looking statements, including, but not limited to, future performance and industry outlook. Forward-looking statements are inherently subject to risks, uncertainties and other factors, and they are not a guarantee of performance. For today’s presentation, I would like to introduce Ross Luo, CFO of Lanvin Group.
With that, I would like to turn it over to Ross to start the presentation.
Xi Luo
Chief Financial Officer
Thanks very much, and welcome, everyone, and good morning. I’m Ross, and I’m very pleased to join Lanvin Group as the Chief Financial Officer in June this year. I look forward to working with Andy and also our brand leadership team to further strengthen the group’s financial performance and support the next phase of our transformation.
The first half of 2026 was an important period for the group as we continue to execute our transformation, while operating in a still very challenging luxury market environment. We have made meaningful progress on the quality and the efficiency of the business. Gross margin improved to 59%, while the contribution profit and adjusted EBITDA margins have both improved by 7.7 and 10.7 percentage points, respectively.
At the group level, revenue was EUR 101 million, down 13% on a year-over-year basis. This reflects the broader transformation and rationalization of the business underway across all of our brands. I wanted to highlight that our e-commerce business returned to growth in the first half of