Interparfums Reports Q1 2024 Sales of €213m, Slightly Above Targets

In the first quarter of 2024, Interparfums, a leading global perfumery, reported sales amounting to €212.7 million, which aligns closely with their targets and demonstrates a stable performance when adjusted for constant exchange rates. This outcome follows a year of significant growth in 2023, highlighted by numerous successful fragrance launches. The company's performance was influenced by regional variances and ongoing challenges in Eastern Europe.

Despite facing supply chain difficulties, Interparfums showed resilience with a 1% dip in overall sales compared to the same period in 2023. This slight decrease is set against a backdrop of a high comparison base due to strong growth driven by major launches the previous year. Among the brand highlights, Coach and Lacoste fragrances showed positive trajectories, with new and existing lines performing well.

The company expects to maintain its growth momentum, with projections for the 2024 fiscal year remaining stable. Interparfums' strategic initiatives, including the successful acquisition and integration of Lacoste fragrances, appear to bolster their market position. Furthermore, regional performance varied, with notable increases in France and South America offsetting declines in North America and the Middle East.