Interparfums’s net income up 8% in H1, strong performance by Montblanc Explorer fragrance line
“In accordance with our strategic plan, we devoted considerable resources to support the launch of the Montblanc Explorer line at the start of 2019,” said Philippe Santi, general manager of Interparfums.
“Also, our customary efficient management of costs, combined with the favourable trend of the euro-dollar exchange rate, enabled us to post a record 16.4% operating margin [compared to last year’s 15.9%],” added Santi.
Interparfums’s revenue in H1 increased by 9%, reaching €238.4 million.
“Considering the high levels reached in a number of countries, it’s clear that the launch of the Montblanc Explorer line was a success,” said Philippe Benacin, CEO of Interparfums.
At the end of July, the group had confirmed its 2019 sales guidance at €480 million.
Translated by Nicola Mira
Copyright © 2019 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.