Interparfums: further increase in targets for 2022
January 05, 2023 at 08:56 am
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Interparfums once again raised its sales forecast for the past fiscal year on Thursday, on the back of 'still high' demand and an 'extremely satisfactory' rate of deliveries in the final weeks of the year.
Sales for the licensed fragrance designer are expected to come in at around 705-710 million euros, an increase of more than 25% compared to 2021.
The group had previously forecast annual sales of 670-680 million euros, against a consensus of 672 million euros.
The operating margin should exceed 17% for the full year.
On the Paris Bourse, this fifth increase in targets for 2022 did not boost Interparfums shares, which gained just 0.3% in early trading on Thursday morning.
Citing the current economic and geopolitical context, as well as persistent supply difficulties, the group refrained from communicating targets for 2023, pending the publication of its full-year 2022 results in early March.
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Interparfums specializes in the design, manufacturing and marketing of luxury fragrances. The group's activity is organized primarily around 2 product families:
- fragrance: Montblanc, Jimmy Choo, Coach, Lanvin, Rochas, Boucheron, Karl Lagerfeld, Van Cleef & Arpels, Paul Smith, Kate Spade, Moncler, Repetto and S.T. Dupont brands;
- women's and men's fashion items: Rochas brand.
Products were being marketed through perfume shops, franchise chains and department stores in France, and through import companies, airports, and airlines abroad.
Net sales are distributed geographically as follows: France (5.4%), Europe (24.5%), North America (40.4%), Asia (14.5%), South America (8.3%), Middle East (6.3%) and Africa (0.6%).
INTERPARFUMS 
