Interparfums Announces Strong First-Half 2017 Growth

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In a recent report, Inter Parfums, Inc. has announced its second half of 2017 with strong financial growth and market performance.

“Because of our business model, we were once again able to generate a particularly high operating margin in this first half. In light of marketing investments planned in the second half, and based on the current Euro/US dollar exchange rate, this operating margin should nevertheless attain a level of 13%-13.5% for the full year,” said Philippe Santi, executive vice president and CFO

In 2017, Inter Parfums, Inc. investments were up more than 40%, along with a 68% increase in net income and an overall net margin of 10.4%. The growth was attributed to resource consolidation and the successful launch of its Mademoiselle Rochas, Jimmy Choo L’Eau or Jimmy Choo Man Ice lines.

“As expected last year, Group momentum received a new boost from the launches of Coach fragrances in the 2016 second half and the Mademoiselle Rochas line in the 2017 first half, the first major initiative for this brand. Our knowledge of the worldwide prestige fragrance market, our product creativity, marketing expertise and talented teams allow us to maintain the strategy historically applied to our brands, that was confirmed by the continuing success of the pillars of our portfolio, the Montblanc and Jimmy Choo fragrance brands,” said Phillippe Benacin.