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Interparfums ( (FR:ITP) ) has issued an update.
Interparfums reported strong financial performance for 2024, with a current operating margin exceeding 20% and a net margin of 14.8%. The company’s growth was driven by the relaunch of Lacoste perfumes and strategic investments in marketing and advertising. Despite economic uncertainties, Interparfums plans to maintain high profitability and continue its growth strategy, with a revenue target of €930-€935 million for 2025. The company also improved its ESG ratings and acquired the Off-White® brand, indicating a commitment to sustainable growth and brand expansion.
More about Interparfums
Interparfums is a company in the beauty and fragrance industry, primarily focusing on the production and distribution of perfumes and cosmetics. It is known for managing and developing brands such as Lacoste and Off-White® in the global market.
YTD Price Performance: 5.40%
Average Trading Volume: 2,343
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.25B
See more insights into ITP stock on TipRanks’ Stock Analysis page.