on INTER PARFUMS (EPA:ITP)
Interparfums Achieves Strong Growth in 2024 with Sales Reaching €880 Million
In 2024, Interparfums experienced a 10.3% increase in annual sales, reaching €880.5 million. This rise was primarily driven by the strong demand for established brands and the successful first year performance of Lacoste fragrances. Notably, Jimmy Choo fragrances saw a 7% growth, buoyed by the launch of the "I Want Choo Le Parfum" line.
Sales varied across regions, with significant gains in France (28%), Western Europe (25%), and South America (13%). In North America, continued market buoyancy led to sales exceeding €332 million, while Asian markets experienced mixed results.
Interparfums also established a new nine-year licensing agreement with Van Cleef & Arpels in December 2024. Looking ahead, the company anticipates continued growth driven by strategic price adjustments and controlled marketing expenses.
R. H.
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