Interparfums announced on Wednesday that it expects solid growth in 2025, with sales higher than expected this year, thanks in particular to a new fragrance collection.

The year 2025, says the group in a press release, will be marked by the creation of the Solférino own-brand, and sales expected to be between €910 million and €930 million.

"With the Solférino collection, our own brand, we will have, after 2 years dedicated to its development, a unique and rich universe, fully adapted to the Haute Parfumerie market", said Philippe Benacin, Chairman and CEO of the group.

For 2024, the Group expects sales growth of over 10%, with "the remarkable performance of Lacoste fragrances", for sales of between 880 and 890 million euros, in line with forecasts.

The operating margin in both 2024 and 2025 should exceed 19%, thanks to a solid gross margin and recurrent control of operating costs.

In October, Interparfums said it expected to achieve its annual targets, with an operating margin of around 19%, driven by the dynamism of Jimmy Choo and Lacoste fragrances in particular, but also by anticipated year-end orders from some of its distributors.

(Written by Mara Vîlcu, edited by Kate Entringer)