InterparfumsSA, which specializes in the creation and distribution of fragrances under license, confirmed Tuesday that it would meet its targets for 2014 and expects a "significant increase" in sales and an improved operating margin in 2015, supported by the launch of new products.

"In line with guidance issued a year ago, annual sales for 2014 are expected to reach €280 million, up 12% on a like-for-like basis from 2013 and in large part driven by the excellent performance of men's fragrances Montblanc Legend, Montblanc Emblem and Jimmy Choo Man,” the group announced in a statement.

"Another year of growth is shaping up for a sales target of €300-€310 million, representing a significant increase for 2014,” said Interparfums, which also explained that it expects a more favorable euro/dollar parity. 

The group announced the launch of women's lines for Montblanc, Jimmy Choo, Lanvin, Boucheron and Van Cleef & Arpels, as well as the launch of men’s lines for Lanvin and Balmain.

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Its 10%-11% operating margin target is expected to be met this year and should rise in 2015. 

Given its substantial cash position of around €200 million, the company will remain attentive and active in pursuing opportunities to expand and is “likely to strengthen its brand portfolio.”

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