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An announcement from Interparfums ( (FR:ITP) ) is now available.
Interparfums reported a 10.3% increase in annual sales for 2024, reaching €880.5 million, driven by strong performances from key brands like Lacoste, which exceeded expectations in its first year. The company maintained its gross margins despite inflationary pressures, and aims for a 20% operating margin by effectively managing expenses. The successful distribution takeover of Lacoste and continued growth in regions like North America and South America highlight Interparfums’ strong market positioning and potential for future growth.
More about Interparfums
Interparfums is a company within the fragrance industry, focusing on the creation and distribution of notable perfume brands such as Jimmy Choo, Montblanc, Coach, Lacoste, and Rochas. The company has a strong market presence across various regions, including North and South America, Europe, and Asia, and it is known for its strategic brand management and market expansion efforts.
YTD Price Performance: 4.83%
Average Trading Volume: 1,276
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.21B
See more data about ITP stock on TipRanks’ Stock Analysis page.