Interparfums grows 9% in the first half raised by Karl Lagerfeld parfums

Interparfums keeps the rhythm up. The licensed parfums group for brands like Coach, Lanvin or Montblanc has closed its first half of the year with a rise of 9%, up to 238.4 million euro (266.6 million dollars). The rise in its sales is because of the good performance of Karl Lagerfeld parfum line, that has risen its income 36%, up to 7.2 million euros (8 million dollars).

The rest of the brands of the group have also registered a positive evolution in the first half of the year. Montblanc’s incomes have increased 26% in the period, up to 71.8 million euros (80.2 million dollars). Coach on the other hand grows 11%, up to 41.7 million euros (46.5 million dollars) during the first semester. Van Cleef&Arpels, has risen 22%, up to 9.5 million euros (10.6 million dollars).

Interparfums keep its prevision for the closure and forecasts to achieve sales up to 480 million euros (536 million dollars)

Lanvin parfums on the other hand, have closed the semester with a downfall of 5%, to 28.1 million euros (31,3 million dollars). Sales for Rochas and Boucheron have also shrunken during the period, falls of 10% and 4% respectively.

By regions, Middle East has registered the best evolutions of the group during the period, with a rise of 31%. In North America and Occidental Europe, the income of the group has risen 9%, meanwhile in France and Latin America the numbers have fallen 2% in both regions.   

Philippe Benacin, president and CEO of the group has stated in a press release that he is satisfied with the results achieved during the first half and keeps its forecast for the end of the year, in which the group plans to achieve an income of 480 million euros (536 million dollars).