Interparfums Shows Strong Growth in 2024 Financial Results

Interparfums has reported robust financial results for 2024, with a current operating margin of 20.2% and a net margin of 14.8%. Sales increased by 10%, reaching €880.5 million, driven by investments in marketing and strategic brand development, particularly with Lacoste fragrances.

Gross margins were maintained at 65.6% despite higher raw material costs. This was achieved through moderate price increases and efficient cost management. The company's strategy involved significant investment in marketing, accounting for over 21% of sales.

Interparfums' financial position remains strong, with shareholders’ equity near €700 million and cash reserves at €190.6 million. A dividend of €1.15 per share has been proposed, along with a continued approach to maintaining a healthy balance of gender and independence on its board of directors.

Significant achievements in 2024 included improved ESG ratings and the signing of new license agreements with Off-White® and Van Cleef & Arpels.