24/07/2025 06:45 |
2025 first half sales: €447m (+5.8%) |
INFORMATION REGLEMENTEE
2025 first half sales €447m (+5.8%)
Although numerous instances of geopolitical turmoil in 2025 first half activity by region Upcoming event the spring intensified consumers’ wait-and-see attitude in €m Q2 H1 Change many markets, business remained strong between April and Publication of 2025 June, especially in the United States, with sales up 9% over 2024 2025 2024 2025 25/24 second-quarter results the three-month period. Consolidated sales in Q2 2025 Africa 1.6 1.6 2.9 3.2 +11% September 9, 2025 (before the opening reached €211 million, up 0.7% at current exchange rates Asia 33.1 26.5 70.0 62.6 -11% of the Paris stock market) and 3.3% at constant exchange rates compared to the Eastern Europe 17.1 13.9 30.7 35.3 +15% second quarter of 2024. France 15.0 13.7 28.6 27.2 -5% Investor Relations and Analysts Contacts Over the first half of 2025, consolidated sales came to Middle East 14.0 14.1 28.6 24.9 -13% €447 million, in line with projections, up 5.8% at current North America 75.6 78.7 142.6 164.0 +15% Philippe Santi exchange rates and 6.1% at constant exchange rates South America 16.2 23.1 42.5 45.1 +6% Executive Vice President compared to the first half of 2024. psanti@interparfums.fr Western Europe 37.3 39.8 76.7 84.7 +11% 2025 first half activity by brand Total sales 209.9 211.4 422.6 446.9 +5.8% Nicolas Picaud €m Q2 H1 Change Investor Relations Director Despite what promises to be a more difficult second npicaud@interparfums.fr 2024 2025 2024 2025 25/24 half, North America posted very strong performance Coach 40.1 53.7 85.9 106.3 +24% in the first half of the year, particularly in the United Press contact Jimmy Choo 56.3 41.6 101.0 104.2 +3% States where the company saw a near 20% increase in sales during the period; Cyril Levy-Pey Montblanc 49.2 46.1 103.0 92.3 -10% While the concentration (Australia) and reduction Communication Director Lacoste 18.1 27.2 36.8 52.2 +42% clevypey@interparfums.fr (South Korea) of distribution continued to weigh Rochas 11.4 9.5 20.5 19.8 -3% on the Asian market, the overall trend remains very Lanvin 10.9 8.0 20.9 19.5 -7% positive in China and Japan; Other 23.9 25.3 54.5 52.6 ns With sales up 15%, Eastern Europe benefited from Sales 209.9 211.4 422.6 446.9 +5.8% the relaunch of Lacoste fragrances and the solid ns : not significant performance of Lanvin and Karl Lagerfeld fragrances; In Western Europe, business remained robust thanks to Spurred by the launch of the Coach For Men Eau de the resumption of the distribution of Lacoste fragrances Parfum and Coach Women Gold lines in Q1 and Q2 and the success of the Lacoste Original line, as well as the respectively, and the robust performance of the main launch of the Montblanc Explorer Extreme line; catalog lines, Coach fragrances topped €100 million in Lastly, the Middle East continued to suffer from the the first half of 2025, posting excellent growth of 24% effects of the conflicts in the region and a reduction over the period; in the number of doors in many markets that are now The strength of the I Want Choo women’s franchise, concentrated in the Haute Parfumerie segment. launched in 2021 and quickly boosted by a fourth flanker, combined with the first-quarter launch of a Longchamp license new fragrance in the Jimmy Choo Man men’s franchise, On Tuesday, Maison Longchamp and Interparfums kept Jimmy Choo fragrances on a strong trajectory announced the signing of a fragrance license agreement with a slight increase during the period; that runs until December 31, 2036, with a first launch While initial sales of the new Montblanc Explorer scheduled for 2027. Extreme line are consistent with the continued growth of the Montblanc Explorer franchise, declining sales of Tariffs the Montblanc Legend Red and Montblanc Legend Blue The US administration’s announcement in April of import lines, released in 2022 and 2024 respectively, negatively tariffs, at a rate of 20% then reduced to 10%, prompted impacted the brand’s performance, which fell 10% in the company to take various measures to limit the the first half of 2025; impact on the group’s profitability. The recent proposal In their second year of operation, Lacoste fragrances to increase this rate to 30% as of August 1, 2025, if it goes confirmed the positive trend begun in 2024 with sales up into effect, could lead the company to take additional 42% to €52 million during the period.This performance measures in the fall. is fully in line with the brand’s redeployment plan and the annual target of €100 million in 2025; Rochas fragrances declined slightly, despite the successful launch of the Rochas Audace and Eau de Rochas Néroli Azur lines; In the absence of a major launch, the strength of the Eclat d’Arpège line kept declining sales of Lanvin fragrances in check.The launch of a major new initiative is expected in late 2026 or early 2027. Philippe Benacin, Chairman and Chief Executive Officer, said: “ Despite an increasingly complex environment, we have obviously achieved a good first half, in line with our projections. Given the appreciation of the euro against the US dollar since the spring, our 2025 sales target should return to the lower end of our initial estimate, around €910 million.” Paris, July 24, 2025 Interparfums This press release is available ISIN : FR0004024222-ITP 10 rue de Solférino in French and English Reuters : IPAR.PA Bloomberg : ITP 75007 Paris on the company’s website Euronext Compartment A Tel. +33 (0)1 53 77 00 00 interparfums-finance.fr Eligible for Deferred Settlement Service (SRD) Eligible for PEA Index - SBF 120, CAC Mid 60 |