The French perfume manufacturer has finished the first nine months of the year with a revenue of 367 million euros.
Interparfums continues to shine. The French perfume manufacturer has ended the nine months to September with a revenue of 367 million euros, 9% more than in the same period last year.
The company explained in a statement that the result was boosted by the fragrances of Montblanc, which have raised their sales by 30% in the period, to 109 million euros. Jimmy Choo, meanwhile, noted an increase of 11%, while Coach perfumes have grown 8%.
Lanvin and Rochas, on the other hand, have shrunk their revenue on the low in the nine months period. Lanvin perfumes dropped 10%, while Rochas revenues fell 2% in the period.
Interparfums plans to end its fiscal year with a revenue of 480 million euros
By regions, America increased its sales by 12%. Specifically, in the United States, the company has raised its sales by 11%. In Western Europe, the group has raised its sales by 6% while in Eastern Europe grew by 11%. Middle East has been the region where Interparfums has registered the best result, with a growth of 24%, boosted by the perfumes of Montblanc, Coach, Van Cleef&Arpels and Jimmy Choo.
“Within a complex economic and geopolitical environment, we achieved an excellent performance, maintaining the momentum; these successes support our target for annual sales of 480 million euros for the full year,” stated Phillipe Benacin, chief executive officer of the group.