Interparfums: results and outlook welcomed on the stock market
February 28, 2024 at 06:05 am EST
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Interparfums shares were in demand on the Paris Bourse on Wednesday, as the perfume maker unveiled encouraging targets following the publication of better-than-expected annual results.
Shortly before 12:00 pm, the share price was up by over 10%, the biggest gain on the SBF 120 index, which was down by 0.2% at the same time.
Thanks to its price increases and cost control, the group has set itself the target of generating recurring operating income of over 160 million euros in 2023, up 16% on 2022.
Its operating margin before non-recurring items will thus reach 20.1% for the year, compared with 19.6% in 2022.
The company plans to pay its shareholders a dividend of 1.15 euros per share, an increase of 20%, as well as a new allocation of free shares, for the 25th consecutive year, on the basis of one share allocated for every ten held.
For 2024, Interparfums says it intends to maintain a high level of profitability, without further details.
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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 
