The Interparfums Group suffered from change price fluctuations within the third quarter, seeing its income decline regardless of development in Jimmy Choo fragrances and powerful gross sales momentum in France and the Americas.
Income stood at EUR 253.5 million for the three months from July to September, down 1.6% in comparison with the identical interval final yr, the group introduced in a press launch on Tuesday, October 21.
Dropping US greenback
Interparfums blamed the income drop on a “weak spot greenback.” The corporate mentioned that at fixed change charges, gross sales had been really up 1.6% to EUR 261.7 million, pushed by sturdy demand for its key manufacturers, particularly Jimmy Choo fragrances.
It was famous that this end result got here “regardless of a excessive foundation of comparability associated to document exercise in third-quarter of 2024.” Income had certainly jumped 20% final yr.
“Within the present geopolitical and financial local weather, we had a superb quarter, which was partly masked by the unfavorable euro/greenback change price, however reaffirms our glorious begin to the yr,” commented Philippe Benacin, Chairman and CEO of Interparfums, quoted within the press launch.
It “permits us to keep up our gross sales goal of round EUR 900 million for 2025 as a complete,” he added.
France and South America
For the primary 9 months of 2025, income elevated by 3% to EUR 700.4 million.
Over this era, “the North America area had probably the most sturdy nine-month development, buoyed by a nonetheless dynamic US market the place Interparfums is gaining market share. Because of Coach fragrances (+18%) and particularly Jimmy Choo fragrances (+20%), gross sales development in the US was 14% at fixed change charges,” and 9% at present currencies, the group defined.
For its half, the Lacoste model recorded development of 24%.”Of their second yr of operation, Lacoste fragrances confirmed the optimistic development begun final yr (…). This efficiency is absolutely according to the model’s redeployment plan and annual goal,” Interparfums emphasised.
In a context the place the gross sales momentum in the US was partly offset by the foreign money impact, it was the South American and French areas that drove development within the third quarter, with gross sales up 18% and 23% respectively.
