Interparfums continues upward trend: gains 18% more in 2018 and grows by 8%
The fragrance group, licensee of companies such as Coach, Lanvin and Montblanc closed the last fiscal year with a revenue of 455.3 million euros.
Interparfums closes 2018 upwards. The fragrance group, licensee of companies such as Coach, Lanvin and Montblanc, among others, closed the last fiscal year with an increment of 18% of its net profit, to 47.1 million euros. The company explained that such increase of the result is due to the currency exchange and the addition of the Moncler Explorer line.
The group already announced the sales results for 2018 at the end of January, which registered an increase of 8%, to 455.3 million euros. Part of the rise in the group’s revenue was thanks to Coach’s sales, which shot up 66% compared to the previous year, reaching 84.4 million euros, placing it as the third perfume of the group, behind Montblanc and Jimmy Choo.
Although Montblanc’s perfumes closed 2018 downwards, they continue to be the bulk of Interparfum’s business. In the last fiscal year, the income of that division generated sales valued in 108.8 million euros, 3% more than the previous year.
By regions, the American continent was the one that led the group’s sales. In North America, Interparfum’s revenue grew by 18% to 118.5 million euros, while in Latin America the company’s business increased by 13%, to 35.2 million euros.
The markets that performed worst were Africa and Western Europe, where the group’s revenue fell by 7% and 2%, respectively. However, Western Europe continues to be its largest market, with a figure of 92.8 million euros at the end of the year.
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