In Q1 2024, Interparfums posted sales of 212.7 ME, down 1% at current exchange rates and stable at constant exchange rates.
In detail, only the Coach brand saw its quarterly sales increase year-on-year, to +3%, while sales of other brands declined: -5% for Rochas, -6% for Montblanc, -24% for Jimmy Choo, -33% for Lanvin.
In addition, Interparfums highlights the 'favorable start to distribution of existing Lacoste fragrance lines and the finalization of the forthcoming launch of the first men's line developed by Interparfums'.
While the large number of launches concentrated in the 1st quarter of 2023 makes the comparison with the 1st quarter of 2024 less favorable, sales have nonetheless been solid since the beginning of the year, slightly ahead of our expectations, in a perfume market that remains relatively dynamic", commented Philippe Benacin, Chairman and CEO.
Interparfums thus confirms its sales target of 880 to 900 ME for the full year 2024.
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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 
