Interparfums: Q3 sales up 20%
(CercleFinance.com) - Interparfums reports Q3 2024 sales of E257.
6m, up 20% y-o-y (+20.2% at constant exchange rates), reflecting continued strong momentum for the group's flagship brands.
It says that in a global perfume market that remains buoyant overall, this growth is notably due to the solid performances of Jimmy Choo, Montblanc and Coach fragrances, and the growing success of Lacoste fragrances.
In the first nine months of 2024, sales reached E680.2m, up 11.4% y-o-y (+11.5% at constant exchange rates).
Estimating that sales of around E200m-E210m in Q4 2024 should enable it to achieve its annual targets, Interparfums is targeting an operating margin of around 19% for the full year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
6m, up 20% y-o-y (+20.2% at constant exchange rates), reflecting continued strong momentum for the group's flagship brands.
It says that in a global perfume market that remains buoyant overall, this growth is notably due to the solid performances of Jimmy Choo, Montblanc and Coach fragrances, and the growing success of Lacoste fragrances.
In the first nine months of 2024, sales reached E680.2m, up 11.4% y-o-y (+11.5% at constant exchange rates).
Estimating that sales of around E200m-E210m in Q4 2024 should enable it to achieve its annual targets, Interparfums is targeting an operating margin of around 19% for the full year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.