InterParfums SA Reports Audited Consolidated Earnings Results for the First Half of 2017; Provides Earnings Guidance for the Year 2017
September 07, 2017 at 05:28 am EDT
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InterParfums SA reported audited consolidated earnings results for the first half of 2017. For the period, the company reported sales of EUR 209,346,000 compared to EUR 162,330,000 a year ago. Operating profit was EUR 33,110,000 compared to EUR 21,604,000 a year ago. Income before income tax was EUR 32,619,000 compared to EUR 21,751,000 a year ago. Net income was EUR 22,018,000 or EUR 0.61 per diluted share compared to EUR 12,794,000 or EUR 0.40 per diluted share a year ago. Net cash flows used in operating activities was EUR 7,718,000 compared to EUR 1,674,000 a year ago. Net acquisitions of property, plants and equipment were EUR 1,243,000 compared to EUR 2,024,000 a year ago. Net acquisitions of intangible assets were EUR 469,000 compared to EUR 530,000 a year ago.
For the year 2017, the company expects that it has raised its guidance for annual growth that is expected to reach EUR 400 million for the 2017 full year. The company also expects to maintain operating margin target of between 13% and 13.5% for the full year.
Interparfums specializes in the design, manufacturing and marketing of luxury fragrances. The group's activity is organized primarily around 2 product families:
- fragrance: Montblanc, Jimmy Choo, Coach, Lanvin, Rochas, Boucheron, Karl Lagerfeld, Van Cleef & Arpels, Paul Smith, Kate Spade, Moncler, Repetto and S.T. Dupont brands;
- women's and men's fashion items: Rochas brand.
Products were being marketed through perfume shops, franchise chains and department stores in France, and through import companies, airports, and airlines abroad.
Net sales are distributed geographically as follows: France (5.4%), Europe (24.5%), North America (40.4%), Asia (14.5%), South America (8.3%), Middle East (6.3%) and Africa (0.6%).
INTERPARFUMS 
