Interparfums Reports on Liquidity Contract with ODDO BHF SCA

Interparfums ( (FR:ITP) ) has provided an update.

Interparfums has released a half-year report on its liquidity contract with ODDO BHF SCA, highlighting a decrease in shares and an increase in euros in the dedicated liquidity account by the end of 2024. The company executed numerous purchase and sales transactions, indicating active liquidity management. This report underscores Interparfums’ robust financial operations amidst a dynamic market environment.

More about Interparfums

Interparfums, founded in 1982 by Philippe Benacin and Jean Madar, is a company that creates, manufactures, and distributes prestige perfumes and cosmetics through global and exclusive licensing agreements with brands like Boucheron, Coach, Jimmy Choo, and more. It operates in over 100 countries, achieving consolidated sales of nearly 800 million euros in 2023, with an operating profitability of 20% and a net cash of 90 million euros. The company is listed on Euronext Paris with a market capitalization of approximately 3 billion euros.

YTD Price Performance: -1.49%

Average Trading Volume: 1,578

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €3.02B

For an in-depth examination of ITP stock, go to TipRanks’ Stock Analysis page.