Interparfums confirms its 2022 objectives
Perfume manufacturer and distributor Interparfums confirmed on Friday its financial targets for 2022, thanks to very good first half results.
Between January and June 2022, Interparfums’ revenues totaled 317.8 million euros, up 20% compared to the first half of 2021. 71.8 million in the first half of 2022, up 9% year-on-year. The operating margin was 22.5% of revenues, down 2.1% year-on-year, due to higher marketing and advertising costs.
While the payment of the 2021 dividend in May 2022, amounting to 54 million euros, and the acquisition of additional office space had a one-off impact on cash flow, the longer lead times for the supply of certain raw materials led to a significant increase in inventories and weighed on the group’s liquidity.
“While the current geopolitical and health context obviously prompts us to be cautious, the quality of our brands, the coherence of our fragrance lines and the competence of our teams remain powerful growth drivers and allow us to confirm our sales target of €630 to €640 million for the full year 2022,” said Philippe Benacin, the group’s Chairman and Chief Executive Officer, in a press release.
In 2021, revenues stood at €560 million and the operating margin at 17.6%. Analysts surveyed by FactSet are forecasting revenues of €641 million and an operating margin of 16.7% for the group in 2022.
Among its objectives, Interparfums intends to pursue its strategy of controlled growth, based on investments in marketing and advertising, targeted by fragrance line and by country, supported by a portfolio of brands with significant development potential.
Read also > Interparfums continued to perform well in the first quarter of 2022
Featured photo : © Interparfums
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Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.