INTERPARFUMS : Oddo BHF confirms its recommendation on the stock
December 15, 2023 at 05:28 am EST
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Oddo BHF maintains its 'neutral' rating on Interparfums shares, with a target price of 50 euros.
Interparfums reports that its ESG rating by EthiFinance is 84/100 this year, compared with 76/100 in 2022 and 70/1000 in 2021. The environmental component has risen by 14 pts, ahead of the social (+7 pts) and governance (+10 pts) components.
"These results testify to the commitment of the company and its CSR Executive Committee, through concrete actions carried out over the past 3 years", emphasizes Oddo BHF, which believes that this progress could be further appreciated in 2024.
We are not necessarily in a position to comment on the rating given by the rating agencies, but we note that the momentum of CSR integration is encouraging", notes the broker.
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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 
