Nov 18, 2014
Interparfums aiming for "significant increase" in sales in 2015
Nov 18, 2014
InterparfumsSA, which specializes in the creation and distribution of fragrances under license, confirmed Tuesday that it would meet its targets for 2014 and expects a "significant increase" in sales and an improved operating margin in 2015, supported by the launch of new products.
"In line with guidance issued a year ago, annual sales for 2014 are expected to reach €280 million, up 12% on a like-for-like basis from 2013 and in large part driven by the excellent performance of men's fragrances Montblanc Legend, Montblanc Emblem and Jimmy Choo Man,” the group announced in a statement.
"Another year of growth is shaping up for a sales target of €300-€310 million, representing a significant increase for 2014,” said Interparfums, which also explained that it expects a more favorable euro/dollar parity.
The group announced the launch of women's lines for Montblanc, Jimmy Choo, Lanvin, Boucheron and Van Cleef & Arpels, as well as the launch of men’s lines for Lanvin and Balmain.
Its 10%-11% operating margin target is expected to be met this year and should rise in 2015.
Given its substantial cash position of around €200 million, the company will remain attentive and active in pursuing opportunities to expand and is “likely to strengthen its brand portfolio.”
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