Q2 sales up nearly 16% (Il Sole 24 Ore Radiocor) - Paris, 23 Jul - The French fragrance group Interparfums said that in the first half sales rose 6.7% to 422.6 million euros. In the second quarter, sales were up by nearly 16%.

"In a worldwide fragrance market that remains buoyant, this performance reflects the solidity of the Montblanc and Coach fragrances, the continuing growth of Jimmy Choo fragrances and the successful relaunch of Lacoste fragrances," the company said.

The chairman and CEO, Philippe Benacin, noted "we are largely on track to meeting our full-year targets after a good performance in the first half despite a complicated situation in the beauty market in selected countries. The takeover of Lacoste fragrance distribution exceeds our expectations and the initial responses to the launch of the Lacoste Original line are extremely positive.' Interparfums said in April that it was targeting 2024 sales of 880-900 million euros.

The CFO, Philippe Santi, added "reflecting continuing efforts to contain fixed costs and achieve a more balanced distribution of marketing and advertising expenditures between the first and second half, operating income for H1 2024 is expected to experience only a limited decline compared with the exceptionally high level of H1 2023, in line with the budget.'.

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(RADIOCOR) 23-07-24 19:01:18 (0648) 5 NNNN