Interparfums: net income of ?69.6 million for the 1st half of the year

(CercleFinance.com) - The group reported sales of €422.
6 million for the 1st half of 2024, up 7% on the 1st half of 2023.

Gross margin remained at a high level, exceeding expectations at the beginning of the year. It stood at 274.40 million euros, up 8%.

Operating income for the first half of 2024 came to 92.7 million euros, down 9% on the first half of 2023. Net income came to 69.6 million euros, compared with 77.6 million euros in the 1st half of 2023 (-10%).

'Management still forecasts sales of between 880 and 900 MEe, but remains moderately precise on its ROC target for 2024, namely "MOP should remain at a high level"', points out Oddo BHF in its study of the day.

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