×
By
AFP
Published
Sep 10, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Interparfums, after a positive first semester, is confident for the rest of the year

By
AFP
Published
Sep 10, 2015

On Wednesday the Interparfums group, specialised in the licensed production and distribution of fragrances such as Montblanc, Jimmy Choo and Balmain, reported rising first-semester figures, and continues to expect a favourable year-end result.

Interparfums


Thanks chiefly to the planned launch of Jimmy Choo Illicit, the third women's fragrance line for this successful brand, "the outlook for the second semester is positive," Philippe Benacin, the group's CEO, has forecasted.

The business' growth should "accelerate" even further in 2016, he continued, thanks to the acquisition of Rochas last March and the planned development of a fragrance range labelled after New York leather goods brand Coach, following a licence agreement announced in April.

From January to the end of June, net income rose to €13.9 million, a 3% increase on a yearly basis. Operating income amounted to €21.4 million, increasing by 9%, with operating margin reaching 14.6%, this despite an 8.5% increase in marketing and advertising expenditure, according to the group's press release.

In July, Interparfums announced a 2% rise at current exchange rates in its semester revenues, amounting to €147.1 million, chiefly due to the favourable trend of the euro-dollar exchange rate. For the whole of the year, the group plans to achieve sales between €310 and 320 million. 


 

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.